Brazilian veterinary products company Ouro Fino Saude Animal Participacoes SA priced Brazil's first initial public offering of the year on Friday, according to a filing with the country's securities regulator, taking advantage of a growing market for animal health products despite recent stock-market weakness.
Private equity-backed H-D Advanced Manufacturing Co. said Friday it agreed to buy Crown Precision Machining, a maker of precision-machined parts for the commercial aerospace and defense industries, in a deal guided by Jones Day, marking its fifth add-on deal in less than two years.
As China's growth slows, Europe continues to stagnate and U.S. deals remain pricey, private equity investors eager to find an alternative are eyeing an unexpected locale: Africa.
Tiger Airways Holdings Ltd. is selling its stake in low-cost airline Tiger Australia for less than the price of a vending machine candy bar, while the French government plans to offer investors the chance to buy stakes in public utility networks in an attempt to raise up to $12.66 billion.
Shares in private equity-backed Zayo Group Holdings Inc. climbed on Friday in its first day of trading on the New York Stock Exchange, an optimistic note after the fiber optic telecommunications company fell short of the $400 million it was originally expected to raise.
Cerberus Capital Management LP and European real estate investment firm Orion Capital Managers LLP will pay €225 million ($287 million) for the developer behind a prestigious Spanish resort, according to an announcement Friday by the seller, major European hotel chain NH Hotel Group.
International insurance giant Old Mutual PLC is set to acquire private equity-backed investment manager Quilter Cheviot for up to £585 million ($941.2 million), the companies said Friday, moving Old Mutual one step closer to its goal of becoming a leading wealth management player in the U.K.
As the stock market slides, David Einhorn sees opportunity. The billionaire hedge fund manager is looking to raise cash for his Greenlight Capital Inc. for the first time in more than two years as he sees the chance for new investments amid the recent market tumult.
Venture capital investing is on a tear this year, with more than $33 billion invested through the first three quarters, according to a new report Friday by accounting firm PwC and the National Venture Capital Association, blowing past last year’s total of $30 billion in just the first nine months of the year.
Tibco Software Inc. shareholders will be paid roughly $100 million less than anticipated in private equity firm Vista Equity Partners' planned $4.3 billion purchase of the business software company, due to an error on a spreadsheet, according to a Thursday regulatory filing.
The Blackstone Group LP will soon start raising capital for its seventh global buyout fund, the firm said during its third-quarter earnings call on Thursday as it reported a strong performance buoyed by multiple sales of companies from its private equity and real estate funds.
CEC Entertainment Inc., owner of the mouse-mascoted Chuck E. Cheese's pizza chain, has gotten its paws on a competitor, acquiring regional pizza restaurant chain Peter Piper Pizza, from affiliates of ACON Investments LLC, the companies announced Thursday.
The stakeholders that crafted Momentive Performance Materials Inc.’s Chapter 11 plan are facing a Friday deadline to iron out differences between their respective constituencies that have prevented the hotly contested debt restructuring from going effective.
Private equity-backed Habit Restaurants Inc. on Thursday kicked off plans for an initial public offering, making the California-based fast-casual burger restaurant the latest food chain to test investors’ appetite as it looks to expand operations.
Bain Capital has acquired an 80 percent stake in Lionbridge Financial Leasing (China) Co. Ltd., marking the Boston-based private equity giant's first foray into China's growing financial services sector, according to a joint announcement Thursday.
Private equity funds are trying to cash in on large limited partnerships' rising interest in co-investment by offering such partners lower fees and carry-fee percentages, according to a new study by Fitch Ratings released Wednesday.
PolyOne Corp. has placed a bid for Kloeckner Pentaplast GmbH that could be worth as much as €1.5 billion ($2 billion), while Bill Ackman accused Allergan Inc.'s board of misleading investors to convince them not to consider a $53 billion hostile takeover bid from Valeant Pharmaceuticals International Inc.
With so much M&A news this week, you may not have seen some announced deals involving several law firms like Morrison & Foerster and others. Here, Law360 takes a look at the ones you might have missed.
ConvaTec Inc.'s private equity owners have pegged Morgan Stanley and Goldman Sachs Group Inc. to help look into a sale that could net up to $10 billion, while Vodafone Group PLC will no longer pursue Swisscom AG's Fastweb SpA, which could be worth as much as $6.33 billion.
American Realty Capital has struck a deal to pick up a prized Times Square-area Manhattan office tower from The Carlyle Group and Capstone Equities for $162 million, a source told Law360 on Wednesday. (Correction: An earlier version of the story misidentified American Realty Capital. The error has been corrected.)
Many legal briefs are written in impenetrable jargon and begin with an introduction telling the court what it already knows, using words that stem from the 18th century, such as “hereinafter.” Instead, we should approach briefs the way novelists approach their writing, says Michael Rubin of McGlinchey Stafford PLLC.
After the news this past July that German hospital operator Artemed had signed a framework agreement to establish the first wholly foreign-owned hospital in the Shanghai Pilot Free Trade Zone, foreign investors anxious for an opening into China’s tightly regulated health care sector may have further reason for optimism, say attorneys with Covington & Burling LLP.
Recent Chinese regulatory measures are but a first step in establishing a regime that will encourage foreign investment in midstream gas infrastructure by private investors. More attention needs to be paid to establishing a platform that offers fair rules of play for private businesses seeking to compete with powerful state-owned monopoly players, say Barbara Jost and Vincent Wang of Davis Wright Tremaine LLP.
International arbitration can offer important advantages in cross-border private equity transactions, with the precise wording of the so-called “midnight” dispute resolution clauses in commercial agreements being the keystone to contractual certainty and, ultimately, enforcement of the bargain struck, says Timothy Lindsay of Dechert LLP.
Before the Delaware Supreme Court’s landmark Gheewalla ruling, application of the business judgment rule to actions by directors of insolvent companies had been controversial, given the concern that directors might be inclined to engage in high-risk strategies while creditors bear the risk of failure. A recent Chancery Court decision highlights this concern, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
The proposed regulations implementing certain provisions of the Dodd-Frank Act relating to margin requirements for uncleared swaps, if adopted as proposed, will increase the costs of trading uncleared swaps and decrease the universe of potential counterparties, say attorneys with Crowell & Moring LLP.
Today, information intersects every practice area, making all lawyers effectively information governance practitioners in one way or another. The issue is whether you will consciously embrace this emerging discipline — and capitalize on it to the benefit of your clients and your practice, says Ann Snyder of the Information Governance Initiative.
The number of voluntary notices filed with the Committee on Foreign Investment in the U.S. continues to increase significantly. The benefits of seeking voluntarily CFIUS approval for covered cross-border transactions far outweigh the risks, and recent cases have underscored the merits of advance strategic planning, say Philip Thompson and Robert Crowe of Nelson Mullins & Scarborough LLP.
Traditional venture capital technology investors are finding firms that gather and analyze health care data appealing because of the growth of electronic records and consumer use of health tracking technology. In addition, early-stage investors often view investing in these companies as presenting less risk than investing in biotech firms, say Geoffrey Cockrell and Amber Walsh of McGuireWoods LLP.
The loss of a top officer to a criminal investigation is not unheard of, particularly in a change-of-control transaction. The Second Circuit’s ruling in a case involving a former Duane Reade Inc. CEO's securities fraud conviction establishes rules for companies to recover costs of investigation as restitution under the Victim and Witness Protection Act, say Lewis Liman and Breon Peace of Cleary Gottlieb Steen & Hamilton LLP.