Yahoo tapped four law firms to guide the flagging California tech giant through the $4.83 billion sale of its core business to Verizon, drawing on their expertise to champion a challenging and highly public auction process that was spurred by activist pressure.
A former Mayer Brown attorney with expertise in Latin American mergers and acquisitions and energy has been named a partner in Orrick's new Houston outpost, the firm announced Monday.
Targeted for a potential big buy-in by a hedge fund and asset manager, TerraForm Power Inc. announced adoption of “poison pill” shareholder protections Monday to discourage accumulation of Class A shares in the renewable energy company.
Private equity-backed home decor retailer At Home Group Inc. set terms Monday on an initial public offering that could raise $130 million at midpoint of its expected price range, marking the last company to test investor appetite amid a midsummer uptick of IPOs.
Private equity interest in co-investment deals alongside their limited partners continues to rise in popularity, and experts say co-investments are only becoming more attractive as PE funds seek to take advantage of the benefits, including the strengthening of relationships with LPs and improved chances of successful fundraising in the future.
Levenfeld Pearlstein LLC has boosted its corporate and securities practice with the addition of a former partner from Katten Muchin Rosenman LLP’s tax practice, the firm announced Friday.
Second quarter venture capital financings in the United Kingdom and Ireland fell as a proportion of all European activity to their lowest level since 2011, a new report shows, as investors pulled back amid uncertainty surrounding Britain’s departure from the European Union.
Dallas-based cybersecurity firm StackPath, which is headed by the founder and former CEO of SoftLayer Technologies, has received a $150 million investment from private equity shop ABRY Partners, according to media reports and a Monday statement.
At least a couple of suitors vying to buy Australia's $7.5 billion power network Ausgrid have placed their bids, a number of companies have interest in Total SA's $3.3 billion specialty chemicals unit Atotech, and Tesla Motors and SolarCity are moving closer to a merger.
The Philadelphia cab companies who sued Uber Technologies Inc. and Google Inc.’s venture capital arm dropped their last remaining claim Friday, saying they are planning instead to appeal a portion of the March federal court decision that dismissed most of their case.
Hamilton Lane Advisors LLC has closed its ninth private equity fund-of-funds with $516 million in capital commitments, the Pennsylvania-headquartered private investment firm said Monday, besting its initial fundraising target by more than $100 million and marking the largest fund-of-funds in its history.
Funds affiliated with Apollo Global Management LLC have agreed to acquire Outerwall Inc. in a deal valued at roughly $1.6 billion, the companies said on Monday, adding the operator of Redbox movie rental kiosks to the private equity giant’s portfolio.
Private equity magnate Lynn Tilton swapped one high-profile legal team for another in her bid to revive her challenge to the U.S. Securities and Exchange Commission’s in-house court at the Second Circuit, filing a notice Monday that she has hired famed appellate lawyer Paul Clement after Gibson Dunn was booted from the case.
E-Trade Financial Corp. will buy the parent company of derivatives trading platform OptionsHouse LLC from private equity firm General Atlantic LLC for about $725 million cash in a deal guided by Skadden Arps Slate Meagher & Flom LLP and Paul Weiss Rifkind Wharton & Garrison LLP, the online trading giant said Monday.
Yahoo Inc.'s core business will be bought for $4.83 billion by Verizon Wireless Inc., the companies said Monday, marking the final chapter to a contentious activist campaign that has long pushed for a sale of the flagging tech giant.
This week’s Taxation With Representation sees Japanese companies expanding into the U.K. and the U.S. while two drug companies team up to develop and market cancer treatments.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days, with firms such as Reed Smith and Hogan Lovells at the helm. Here, Law360 recaps the ones you might have missed.
Gibson Dunn apparently missed a relationship with a Second Circuit judge when it agreed to represent private equity magnate Lynn Tilton, a slip experts said was likely an honest mistake but shows the difficulties of recognizing conflicts decades after a former partner has moved on but retains firm ties.
A New York federal judge on Thursday named Kirby McInerney LLP lead counsel in a proposed class action alleging hotel chain La Quinta Holdings Inc., The Blackstone Group LLC and others failed to disclose a downturn in the chain’s financials ahead of the company's $550.8 million secondary public offering.
French cosmetics giant L’Oreal SA on Friday said that it will buy New Jersey-based IT Cosmetics LLC, a private equity-backed skin care and makeup company, for $1.2 billion in cash, in a deal that will bolster the company’s high-end beauty imprint.
We in Missouri do not take lightly to new trends or frothy ideas. Yet, the uniform bar exam has allowed us to meet the challenges of an increasingly mobile legal profession and the changing needs of clients, and to ensure that a newly admitted attorney has the knowledge, character and fitness to practice in the Show-Me State, says Jim Nowogrocki, president of the Board of Law Examiners in Missouri — the first state to adopt the UBE.
Brexit has presented increased opportunities for investment in the U.K. commercial real estate market and while there is some uncertainty regarding value, lenders are still making funds available for real estate acquisitions and development, says Michael Speranza at Katten Muchin Rosenman UK LLP.
As occurred in the case of Cogentix, loyalties to the legacy constituent corporations of a merger can create serious issues for the ongoing governance and management of the post-merger corporation. The risk is heightened when the controller, former CEO or founder of the smaller constituent company continues as a director or manager of the merged company, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
Convertible notes were never truly intended to replace the priced equity round, but they were born of necessity. If we can reduce the costs of priced equity rounds, we can better match form and substance, providing a happy medium for companies and the investors who support them, say attorneys with McCarter & English LLP.
There are many well-established processes, such as migrating entities offshore and establishing parallel fund vehicles or alternative investment vehicles, that could easily be deployed or adapted by investment funds to fit any circumstances that arise from the exit of the U.K. or any other member state from the EU, say Lisa Cawley and Adam Skinner of Kirkland & Ellis International LLP.
Law firms today are recognizing that the process of creating a next-generation workplace is far more complex than relocating to a more modern space in a trendier part of town. The challenge is more significant for larger firms with multiple generations represented within their executive teams, says Tere Blanca, founder of Miami-based Blanca Commercial Real Estate Inc.
Less than four years after Twinkie maker Hostess Brands was in bankruptcy, the company’s current owners recently agreed to sell interests in Hostess to a special-purpose acquisition company in a deal that involves a "tax receivable agreement" — a growing trend in which tax attributes of the target company are monetized for sellers’ benefit, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
China recently issued its first value-added telecommunications operation license to a wholly foreign-owned e-commerce company, but foreign e-commerce businesses interested in investing in China should keep certain practical issues in mind, say attorneys at Pillsbury Winthrop Shaw Pittman LLP.
When Raging Capital Management approached energy company Crestwood Equity Partners with recommendations for improving the company’s unit market price, Crestwood took steps to address most of the activist’s recommendations. What was unusual was that the activist was successful despite having no source of leverage, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
Michael Dell and his management team underpaid investors by about $6 billion in a Dell Inc. take-private deal, but the company is only paying $37 million more to dissenters as a result of a Delaware court decision. Why? Most investors failed to timely exercise their appraisal rights, say Michael Lange and Brian Shea of Financial Recovery Technologies LLC.