Private Equity

  • November 25, 2015

    FTC OKs $12B NXP, Freescale Tie-Up With Conditions

    The Federal Trade Commission on Wednesday cleared NXP Semiconductors NV’s $11.8 billion takeover of private equity-backed Freescale Semiconductor Ltd. on the condition that NXP unload its so-called radio frequency power amplifier assets to assuage the commission's competition concerns.

  • November 25, 2015

    Gibson Dunn Adds Ex-Fried Frank Real Estate Tax Pro In NY

    A former Fried Frank Harris Shriver & Jacobson LLP tax partner who advises private equity funds and has worked on real estate transactions for some of New York City's most notable properties, including the iconic MetLife Building, has joined Gibson Dunn's New York offfice.

  • November 25, 2015

    WuXi PharmaTech Shareholders Approve $3.3B Go-Private Deal

    China-based research and development service provider WuXi PharmaTech on Wednesday said that its shareholders have approved a $3.3 billion deal with a consortium of private equity investors and the company’s founders that will take the company private.

  • November 25, 2015

    Real Estate Rumors: Golenbock Eiseman, Stonehenge, Marriott

    Golenbock Eiseman Assor Bell & Peskoe LLP has reportedly leased 38,000 square feet in New York from REIT SL Green, Stonehenge Partners is said to be dropping $135 million on an Upper West Side rental property, and a Miami-area Marriott has reportedly sold for $16 million.

  • November 25, 2015

    5 Blunders Real Estate JV Equity Partners Should Avoid

    Developers have a need for capital and typically look to joint ventures with equity providers for cash, and although capital providers often end up putting in the vast majority of the money in such ventures, lawyers say there are myriad potential missteps equity partners must be careful to avoid. Here, Law360 looks at five blunders that lawyers say equity partners in real estate joint ventures should avoid.

  • November 25, 2015

    PE Group Buys Gold, Silver Mine In $775M Deal

    G-Resources Group this week said it has sold its stake in a gold and silver mine in Indonesia to a consortium of investors including private equity firms EMR Capital and Farallon Capital for $775 million including debt, as G-Resources turns its focus away from mining.

  • November 25, 2015

    Deals Rumor Mill: Bain Capital, Syngenta, Deutsche Wohnen

    Bain Capital is selling $116 million worth of shares in motorcycle and scooter seller Hero MotoCorp Ltd., Syngenta AG is mulling potential takeovers, joint ventures or asset sales and German real estate giant Deutsche Wohnen AG is buying a residential property portfolio worth more than $1 billion.

  • November 25, 2015

    Mirae Strikes $450M Deal For San Francisco Hotel

    Affiliates of Mirae Asset Global Investments Co. Ltd. have struck a $450 million deal to purchase the Fairmont San Francisco from a consortium led by Woodridge Capital and Oaktree Capital, according to an announcement late Tuesday.

  • November 24, 2015

    PE Firm Hit With SEC Penalty Over Conflicting Investments

    Private equity firm JH Partners LLC has agreed to pay a $225,000 penalty for allegedly obtaining interests in several of its funds' portfolio companies by lending the companies money without telling the funds about the loans or potential conflicts of interest, the U.S. Securities and Exchange Commission said Monday.

  • November 24, 2015

    IRS Won't Challenge Loss Over $24M LifeCare Sale Tax Bill

    The federal government told the Third Circuit on Monday that it has decided not to pursue its challenge over LifeCare Holdings Inc.'s $320 million bankruptcy sale to Carlyle Group LP that purportedly stiffed the Internal Revenue Service for $24 million in capital gains taxes.

  • November 24, 2015

    Moore Slams Lehman's Withdrawal Move In $20M Suit

    Moore Capital Management LLC asked a New York bankruptcy court Tuesday to turn Lehman Brothers Holdings Inc.'s withdrawal of claims in a $20 million fight over swap agreements into a with-prejudice dismissal, after Lehman allegedly wasted 18 months’ worth of Moore’s time and money.

  • November 24, 2015

    PE Firm Can't Rewrite $100M Enviro Co. Buy, Rival Says

    Private equity firm Florida Capital Partners Inc. has asked a New York judge to toss a suit claiming The Halifax Group LLC was misled into paying $100 million for an environmental remediation company, arguing the PE competitor is just trying to renegotiate the buyout in court.

  • November 24, 2015

    Sutherland Picks Up Former Kaye Scholer Energy Finance Pro

    A former Kaye Scholer LLP green energy finance partner who advises private equity investors and others on power generation projects has joined Sutherland Asbill & Brennan LLP as a partner in the firm’s New York office.

  • November 24, 2015

    Life Time Fitness CEO Calls $2.8B PE Buyout Suit Defective

    The CEO of Life Time Fitness on Monday asked a Minnesota federal judge to dismiss a proposed shareholder class action claiming the company’s $2.8 billion private equity buyout undervalued the company and was supported by a misleading proxy statement, calling the allegations “speculative.”

  • November 24, 2015

    Ladbrokes Investors Greenlight $3.52B Gala Coral Tie-Up

    Shareholders in U.K. online sports-betting and casino company Ladbrokes overwhelmingly approved Tuesday a proposed tie-up with private equity-backed rival Gala Coral Group Ltd., to create a combined company worth £2.3 billion ($3.52 billion) over billionaire Dermot Desmond's objections.

  • November 24, 2015

    Deals Rumor Mill: Reliance, Bertelsmann, Silk Road Fund

    Reliance Communications Ltd. will sell its $3.5 billion mobile phone masts unit, Bertelsmann is seeking a buyer for Pearson's 47 percent stake in Penguin Random House, and China's $40 billion Silk Road Fund will be the largest cornerstone investor in China Energy Engineering Corp.'s $1.96 billion IPO.

  • November 24, 2015

    PE Firm Gilde Buy Out Partners Closes $1.2B Fund

    Dutch private equity firm Gilde Buy Out Partners on Monday said it has closed its fifth fund at the hard cap of €1.1 billion ($1.17 billion), and that it plans to continue investing in middle-market companies in targeted European countries.

  • November 23, 2015

    Icahn Snatches 7% Stake In Xerox, Might Seek Board Seats

    Billionaire activist investor Carl Icahn has snatched up a 7.13 percent stake in Xerox Corp., making him the struggling company’s second-biggest shareholder, and he might seek representation on its board of directors, according to a Monday securities filing.

  • November 23, 2015

    Ropes & Gray, Paul Hastings Guide $4.6B Petco Buy

    Ropes & Gray LLP and Paul Hastings LLP on Monday said they have guided the sale of Petco Animal Supplies Inc. to private equity group CVC Capital Partners and a Canadian pension fund in a deal valued at roughly $4.6 billion.

  • November 23, 2015

    Deals Rumor Mill: TransGrid, Alibaba, Apparel Authentic

    Australian energy distributor TransGrid will soon sell for up to $5.7 billion, Alibaba Group Holding Ltd. is seeking buyers for its $1 billion stake in Meituan-Dianping and private equity-backed Authentic Brands Group LLC is readying an initial public offering.

Expert Analysis

  • OPINION: In Search Of Our Best Law Firm Selves

    James Maiwurm.jpg

    Several developments over the past few months caught the eye of Jim Maiwurm, chairman emeritus of Squire Patton Boggs. Try as he might, he could not resist the temptation to comment on a few — such as the expansion of the Dentons “polycentric” empire, a confused verein controversy, and provocative suggestions that the law firm partnership model is a dinosaur.

  • From The Book Of Jargon: Happy Meal

    In this short video — the latest installment from the "Book of Jargon" — Latham & Watkins LLP partner Courtenay Myers Lima defines "happy meal."

  • Key Takeaways From The SEC’s 2015 Whistleblower Report

    Christian R. Bartholomew

    The U.S. Securities and Exchange Commission's recently released whistleblower report makes clear that the commission will continue to focus on issues raised in the case of KBR, and that it is actively interested in any company documents, policies or statements suggesting that an employee talks to the SEC at his or her own peril, say attorneys with Jenner & Block LLP, including a former SEC trial lawyer.

  • New Federal Rules Acknowledge It’s Time To Drop The 'E'

    Gregory Leighton

    The amendments to the Federal Rules of Civil Procedure scheduled to take effect Dec. 1 are designed to usher in a new era in the U.S. litigation system, this time acknowledging that what was once known as “e-discovery” is now just discovery. The amendments are sweeping in scope, but none is more important than the revised Rule 37(e), say Gregory Leighton and Eric Choi of Neal Gerber & Eisenberg LLP.

  • 10 Things You Should Know About Securities Crowdfunding

    Lori Smith

    The rules of the game have changed to accommodate the evolving dynamics of capital formation in the 21st century. Attorneys with White and Williams LLP highlight 10 key items that all potential issuers, investors and intermediaries need to consider before deciding to participate in securities-based crowdfunding.

  • 3 Ways Technology Is Changing Law Office Designs


    A growing number of attorneys and firms are eschewing tradition by embracing technology to change not only the way we work, but also the way we organize our offices, says Anthony Johnson, founder and CEO of American Injury Attorney Group.

  • The Future Of Appraisal Cases After BMC Software

    Yosef J. Riemer

    The Delaware Chancery Court's BMC Software decision will make it harder for appraisal petitioners to challenge a merger price resulting from a thorough and effective sale process, say attorneys with Kirkland & Ellis LLP.

  • 13 Key Business Objectives For Corporate Legal Departments

    Joe Kanka

    Over the past 35 years, Joe Kanka has experienced the corporate legal department from many angles, including management positions at a major law firm litigation support center, two legal staffing companies, and inside AT&T and Bell Atlantic. Here, he shares his 13 key business objectives that corporate legal departments must strive for in today’s business environment.

  • From The Book Of Jargon: Swapping Seconds

    In this short video — the latest installment from the "Book of Jargon" — Latham & Watkins LLP partner Keith Halverstam defines "swapping seconds."

  • Assessing A Judicial Solution To Abusive Merger Litigation

    Gregory A. Markel

    Since legislation may not be practical, the efforts of Vice Chancellor J. Travis Laster and others on the Delaware bench may be the best available remedy for baseless merger litigation. This solution does carry with it the risk of creating some less-than-perfect incentives, say attorneys with Cadwalader Wickersham & Taft LLP.