Private Equity

  • September 23, 2016

    Taxation With Representation: Milbank, Fenwick, Mayer Brown

    In this week’s Taxation With Representation, Eldorado Resorts snatches up Isle of Capri Casinos for $1.7 billion, a tech-focused private equity firm buys California-based Infoblox for nearly as much, and Lennar Corp. expands its Florida footprint with a $643 million deal.

  • September 23, 2016

    3 Firms Prime IPOs Totaling $547M Led By 'Unicorn' Nutanix

    Three firms will guide initial public offerings estimated to total $547 million during the final week of September, highlighted by Silicon Valley technology startup Nutanix that would mark the second so-called unicorn to go public in 2016, plus a real estate investment trust and two biotechs.

  • September 23, 2016

    Don't Miss It: Hot Deals & Firms We Followed This Week

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Kirkland, Ropes & Gray and Allen & Overy. Here, Law360 recaps the ones you might have missed.

  • September 23, 2016

    Private Equity Firm Gores Is Sued Over Adecco Deal

    Staffing company Adecco Inc. sued an arm of the Gores Group in a New York court Thursday, claiming the private equity firm owes it $2.1 million from an acquisition deal.

  • September 23, 2016

    Columbia Property Sells Denver-Area Campus In $122M Deal

    Columbia Property Trust, a real estate investment trust focused on office properties, said Friday that it has sold a three-building office complex in the suburbs of Denver to investment firm Angelo Gordon & Co. in a deal worth $122 million, as part of its plan to divest non-core assets.

  • September 23, 2016

    PE Group Pays Over $500M For Analogix Semiconductor

    California-based Analogix Semiconductor Inc. announced Thursday that it has been purchased by a Chinese investment fund for more than $500 million.

  • September 23, 2016

    Deals Rumor Mill: Twitter, CBOE Holdings, Carlos Slim

    Salesforce is mulling a Twitter takeover that could value the social media company at around $13 billion; U.S. options exchange CBOE is in discussions to buy Bats Global, which is valued at about $2.6 billion; and Mexican billionaire Carlos Slim has acquired a $112 million stake in CaixaBank.

  • September 23, 2016

    PE-Backed Danish Payments Co. Gets $4.5B Valuation In IPO

    Nordic digital payments processor Nets AS priced its initial public offering on the Nasdaq Copenhagen on Friday, pulling in a total of 15.75 billion Danish kroner ($2.4 billion) for the company and its private equity backers and earning a valuation of 30 billion Danish kroner ($4.5 billion).

  • September 23, 2016

    Airbnb Gains $555M In New Equity Funding

    Airbnb Inc. announced on Thursday in a Form D filing with the U.S. Securities and Exchange Commission that it has raised just over $555 million of capital in an equity deal.

  • September 23, 2016

    Brookfield-Led Group Inks $5.2B Deal For Petrobras Asset

    A consortium of investors led by Brookfield Infrastructure will shell out $5.2 billion for a majority stake in a system of natural gas transmission assets in the southeast of Brazil from Petrobras, according to a Friday statement.

  • September 22, 2016

    PE-Backed Cosmetics Retailer Leads 2 IPOs Raising $180M

    Private equity-backed cosmetics retailer e.l.f Beauty raised $141 million after pricing its initial public offering above range Wednesday while the parent of CapStar Bank raised $39 million after selling shares within their forecasted range, marking two more deals in the year’s busiest week for IPOs.

  • September 22, 2016

    Deals Rumor Mill: EQT Partners, Morpho, Shanghai Electric

    EQT wants to exit its up to $3.3 billion stake in German health care firm BSN Medical, Advent could pay around $2.7 billion to buy biometrics and security company Morpho and Shanghai Electric is nearing a roughly $1.6 billion acquisition of a controlling stake in Pakistani utility K-Electric.

  • September 22, 2016

    Willkie Guides IK In Deal For Real Estate Software Co.

    IK Investment Partners and a Rothschild & Co. unit have partnered to buy France’s I@D Holding, which offers an online platform for the buying and selling of residential properties, the companies said Thursday, in a deal guided by Willkie Farr & Gallagher LLP.

  • September 22, 2016

    7 SEC Actions PE Attys Should Know Inside And Out

    The U.S. Securities and Exchange Commission continues to forge ahead with its crusade against shady practices in the private equity industry, but legal advisers can lessen the likelihood that their client is the next victim of a multimillion-dollar enforcement action by studying past cases. Here, Law360 explores seven cases private equity attorneys need to know about.

  • September 22, 2016

    Tax Software Firm Avalara Snags $96M From Private Investors

    Seattle-headquartered Avalara Inc., which offers cloud-based services for tax compliance automation, has drawn $96 million from a group of private investors that includes private equity giant Warburg Pincus, the companies said Thursday, with plans to put the money toward growth and acquisitions.

  • September 22, 2016

    Outerwall Investor Wants Records After $1.6B Apollo Deal

    An Outerwall Inc. investor on Thursday sued the operator of Redbox movie rental kiosks in Delaware state court for access to company records to investigate potential misconduct in connection with Outerwall’s $1.6 billion acquisition by Apollo Global Management LLC affiliates.

  • September 22, 2016

    Chinese PE Firm FountainVest Closes $2.1B Fund

    FountainVest Partners, a Hong Kong-based private equity shop that focuses on investments in China, has closed its third fund with $2.1 billion in capital commitments, the firm said Thursday, with plans to target investments in health care and media and entertainment companies, among others.

  • September 21, 2016

    $12.2M Fund Sale Approved In SEC's Aequitas Ponzi Case

    An Oregon federal judge signed off Wednesday on a proposal from the receiver for an insolvent Oregon investment group under fire from the U.S. Securities and Exchange Commission for proposed sale terms for an affiliate fund, with a $12.2 million stalking horse bid from private equity firm Origami Capital Partners LLC.

  • September 21, 2016

    Caesars Gives Creditors Friday Deadline To Grab Extra $1B

    Caesars Entertainment Corp. has promised an additional $1.2 billion contribution to help its underwater operating unit out of bankruptcy on top of the $4 billion it already pledged, but competing creditor groups will have to agree to the deal by Friday or the debtor will be forced back to the drawing board on its Chapter 11 reorganization, an Illinois federal judge was told Wednesday. 

  • September 21, 2016

    Blackstone Pays $1.5B For Portfolio Of Logistic Centers

    Private equity firm The Blackstone Group LP inked a $1.5 billion acquisition of a portfolio of logistics centers from California-based investment company LBA Realty LLC, according to a source familiar with the situation.

Expert Analysis

  • Managing The Compliance Aspects Of PE Investments

    Francois Hellot

    It can be difficult for a private equity investor to detect potential wrongdoing by the entities or individuals involved in a target’s business. Therefore, when drafting contractual safeguards in a purchase agreement, investors should take measures to shield themselves against both identified and unidentified risks, say attorneys with Dechert LLP.

  • Overhauling Law Firm Records Departments For A New Reality

    Raymond Fashola

    As automation increases, so do business challenges that impact overall law firm operations. Records departments are facing roadblocks associated with antiquated processes, ever-changing regulatory requirements, and emerging technologies. As a result, firms are reassessing the needs of their records department staffing models, says Raymond Fashola of HBR Consulting.

  • A Snapshot Of M&A Activity In August

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    M&A activity in August 2016 declined across most metrics both in the U.S. and globally. In this video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP discusses the latest changes in U.S., global and sponsor-related activity.

  • Reforming China’s Administration Of Foreign Investments

    Thomas M. Shoesmith

    China's recently adopted shift from an approval system to a record-filing system for establishing foreign-invested enterprises symbolizes a desire to create a simplified and efficient environment for foreign investment and will substantially lessen regulatory burdens on investors, say attorneys with Pillsbury Winthrop Shaw Pittman LLP.

  • 3 Steps To Successful Judgment Enforcement

    Craig Weiner

    Judgment enforcement is typically governed by the law of the state where collection is sought, which frequently means collection efforts are controlled by an arcane body of law replete with debtor-friendly roadblocks. Fortunately, there are a number of actions a judgment creditor can take to secure satisfaction of a claim, say Craig Weiner and Michael Kolcun of Robins Kaplan LLP.

  • Should Your Law Firm Move To The Cloud?

    Paul R. Kiesel

    Don't kid yourself into believing, currently, that cloud options are cheaper. Cost is not the justification for moving your law firm to the cloud, says Paul R. Kiesel, founder of Kiesel Law LLP and immediate past president of the Los Angeles Bar Association.

  • Current Trends In Representation And Warranty Insurance

    Nathan J. Neuberger

    While transaction risk was usually limited to buyers and sellers in the past, in recent years a segment of the insurance industry has started shouldering some of the risk behind mergers and acquisitions. Eric Ziff of Aon Transaction Solutions and Nathan Neuberger of Reinhart Boerner Van Deuren explain the similarities and differences between two types of reps and warranties insurance policies.

  • From The Partner’s Desk: Paving Your Path To Partnership

    Gary M. Gansle

    One of the most oft-cited complaints from associates is the lack of clarity around what it takes to make partner. While this can certainly be laid at the feet of law firms large and small alike, an ever-changing business environment is at least partly to blame. Today, law firms are not making partnership decisions based on the same criteria they used 20, 15 or even 10 years ago, says Gary Gansle of Squire Patton Boggs LLP.

  • Removing Securities Act Cases: MoneyGram Bucks The Trend

    Ethan Dettmer

    A series of district court decisions has led to a marked increase in Securities Act cases brought in state courts, particularly California courts. A Delaware federal judge’s recent decision in MoneyGram follows the logical interpretation of the Securities Act and should embolden defendants to remove cases that include claims arising under it, say attorneys with Gibson Dunn & Crutcher LLP.

  • How We Can Diversify The Legal Profession And Why We Must

    Mark Roellig

    The lack of transparency on law firm diversity metrics and no consistent standard for measurement has left corporate America in the dark about how the firms we retain are increasing diversity throughout their organizations. But we now have an opportunity for all of this to change, says Mark Roellig, general counsel of Massachusetts Mutual Life Insurance Co.