Private Equity

  • February 10, 2016

    Carrington Coleman Adds Ex-Fortune 500 Co. GC In Dallas

    Carrington Coleman Sloman & Blumenthal LLP on Tuesday announced that it has strengthened its corporate transaction and counseling services with the addition of a former general counsel to BearingPoint and Affiliated Computer Services Inc. as a partner in Dallas, with expertise in the areas of banking, securities, private equity and technology, among others.

  • February 10, 2016

    PE Firm Moves To Duck Suit Blaming It For Herb Co.’s Demise

    Riverside Partners told an Ohio federal judge on Tuesday that a defunct herb farmer suing the private equity firm over a supplier contract it had with one of its portfolio companies is targeting the wrong party, and that claims against it should be dismissed.

  • February 10, 2016

    PE-Backed US Foods Leads Trio Of New IPO Filings

    Private equity-backed food distributor US Foods and two life sciences companies are planning to go public in the U.S., venturing into a volatile market that has recently seen some companies nix their initial public offering plans, according to regulatory documents filed Tuesday and Wednesday.

  • February 10, 2016

    Foley & Lardner Lands Tax Partner in LA From Buchalter Nemer

    Foley & Lardner LLP has nabbed a prominent tax attorney from Buchalter Nemer PLC as a new partner in the Milwaukee-based international law firm’s Los Angeles office, Foley announced Tuesday.

  • February 10, 2016

    Mason Wells' Midwest Private Equity Fund Raises $615M

    Milwaukee-based private equity firm Mason Wells said this week the company had exceeded its $550 million goal for its fourth fund, obtaining $615 million in commitments from institutional investors for acquiring medium-sized Midwestern companies.

  • February 9, 2016

    ThinkingPhones Rebrands As Fuze, Pulls In $112M In Funding

    ThinkingPhones, a Massachusetts company that provides cloud-based voice, video and other communications services to businesses, said Tuesday that it has pulled in $112 million in new funding led by private equity investors, the same day it rebranded itself as Fuze.

  • February 9, 2016

    Barnes & Thornburg Nabs M&A Pro For Atlanta Office

    Barnes & Thornburg LLP has added more than three decades of broad business, transactions and private equity experience to its growing Atlanta office with the addition of a partner from Ballard Spahr LLP.

  • February 9, 2016

    Deals Rumor Mill: Halliburton, Volkswagen, Siemens

    Halliburton will sell multiple assets to help its $34.6 billion Baker Hughes purchase pass regulatory muster, a number of companies want to buy Volkswagen's unit that makes engines for ships or small power stations and Siemens is nearing a deal to merge its wind business with that of Gamesa.

  • February 9, 2016

    Obama Budget Would Ensure Wealthy Pay Investment Tax

    President Barack Obama in his fiscal 2017 budget unveiled Tuesday mostly reiterated previous tax proposals but he did include a new provision that would seek to ensure that investors in pass-through entities such as hedge funds and private equity firms pay a 3.8 percent tax on investment income.

  • February 9, 2016

    Kirkland Aids AC Maker Daikin In $430M Air Filter Co. Buy

    Kirkland & Ellis LLP guided Japan-based air conditioner manufacturer Daikin Industries Ltd. in the $430 million purchase of air filter maker Flanders Holdings LLC from a group led by private equity firm Insight Equity Holdings LLC, the law firm said Tuesday.

  • February 9, 2016

    Terra Energy Pays $910M For Natural Gas Assets

    A Houston-headquartered oil and gas company owned by Kayne Anderson Capital Advisors LP and Warburg Pincus has agreed to pay $910 million to acquire a WPX Energy Inc. unit that controls 200,000 net acres of assets in the Piceance Basin, the companies said Tuesday.

  • February 9, 2016

    Swiss Asset Manager Adveq Raises $481M Total For 2 Funds

    Swiss asset manager Adveq Management AG said Tuesday that it has closed two funds that together raised €425 million ($481 million), with the money on tap to go toward private equity investments across the world and European small buyout opportunities.

  • February 8, 2016

    Kirkland Seeks To Spike Indalex Trustee's Malpractice Suit

    Kirkland & Ellis LLP sought a quick win in a malpractice suit alleging the practice encouraged Indalex Inc. to issue an ill-advised $76 million dividend that benefited the law firm's partners, telling a Delaware bankruptcy judge on Monday that the suit was filed too late.

  • February 8, 2016

    Oaktree Blasts Threat To $514M Molycorp Bankruptcy Claims

    With trial approaching Oaktree Capital sought to toss a count from a Molycorp creditors adversary suit Friday that could push the private equity shop’s potential $514 million in claims against the mining company to the bottom of a $1.9 billion pile, or disallow them entirely.

  • February 8, 2016

    PE Firms Put Up $4.53B For Mining In 2015, Report Says

    Private equity firms made more than twice as many investments in mining last year than they did in 2014, injecting about $4.53 billion worth of capital into the sector, according to a Monday report from Berwin Leighton Paisner LLP.

  • February 8, 2016

    Obama Wants SEC, CFTC Funding Doubled By 2021

    President Barack Obama is calling on congressional leaders to double the funding of the U.S. Securities and Exchange Commission and the U.S. Commodities Futures Trading Commission within five years, an administration official said Monday.

  • February 8, 2016

    Hedge Fund Slaps Olshan With $21M Malpractice Suit

    Olshan Frome Wolosky LLP was hit with a $21 million legal malpractice suit on Friday in New York state court by a hedge fund that alleges the law firm negligently failed to secure its interest in a loan to a guar processing facility that was later forced into bankruptcy.

  • February 8, 2016

    Deals Rumor Mill: Bain Capital, HAL Trust, Verizon

    Bain Capital plans to take home furniture chain Maisons du Monde public in France, HAL Trust may sell hearing aids retailer AudioNova, and Verizon has tapped AOL CEO Tim Armstrong to lead the exploration of a deal to buy assets from Yahoo.

  • February 8, 2016

    NYC Comptroller Says Proxy Access Keeps Boards Honest

    Proxy access likely won't "radically change" corporate America, but having that shareholder privilege in the arsenal helps democratize the board selection process and ensure a new level of accountability in the boardroom, NYC Comptroller Scott Stringer told Law360.

  • February 8, 2016

    Matrix Partners Raises $500M For 4th Chinese Venture Fund

    Venture capital firm Matrix Partners has raised $500 million for its fourth China-focused fund, less than two years after its third such fund raked in $350 million for investments in China’s technology, media and telecommunications sectors.

Expert Analysis

  • Investing In The Marijuana Industry: Where We Stand

    John Bessonette

    Companies — and their investors — continue to face a myriad of risks associated with uncertainty over future regulatory developments concerning the marijuana industry. As large states like California and Ohio prepare for legalization initiatives, however, the trend toward increasing liberalization and associated comfort levels of investors seems likely to continue, say John Bessonette and Tai Aliya of Kramer Levin Naftalis & Frankel LLP.

  • How Does Skadden Stay No. 1?

    Elizabeth Duffy

    Analyzing the reasons why clients choose certain firms reveals a great deal about what is important and valued in the marketplace. Based on interviews with a random sample of over 600 heads of legal in the largest U.S. organizations, Elizabeth Duffy, vice president of Acritas US Inc., identifies the core brand drivers of Skadden Arps Slate Meagher & Flom LLP.

  • OPINION: The Road To Partnership Must Keep Evolving

    Daniel L. Butcher

    In a recent Law360 article it was suggested that promotion to partner was a competition between associates and that taking maternity, paternity or family medical leave could impact an associate's chances at promotion. But this sort of ethos — which may have contributed to law firms’ success in the past — is not the best way to secure the industry's future, says Daniel Butcher, managing partner of Strasburger & Price LLP.

  • Securities Law Considerations In Marketplace Lending

    Anthony R. G. Nolan

    The marketplace lending industry continues to mature and the regulatory landscape continues to evolve to address the unique challenges it poses. Anthony Nolan and Edward Dartley of K&L Gates LLP discuss some federal securities law considerations that are critical to the structures and business models of online marketplaces and their interactions with investors.

  • Challenging An Arbitrator Ab Initio: A Primer

    Solum, Matt.jpg

    Where a perceived conflict is identified early in the process, a party may consider asking the forum overseeing an arbitration to determine whether it is appropriate for an arbitrator to serve on the panel. Despite the potential opacity of these kinds of decisions, discussions with practitioners and experience suggest that such challenges can arise from a number of situations, says Kirkland & Ellis LLP partner Matthew Solum.

  • Takeaways From A Recent Application Of Unocal Standard

    Steven Epstein

    The Delaware courts generally apply the heightened scrutiny standard under Unocal to review challenged board actions taken in response to a perceived corporate control threat. The recent case of Ebix provides another example that the courts disfavor actions that restrict the basic right of stockholders to vote, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • Health Care Deal Trends Emerge From JP Morgan 2016

    Amber McGraw Walsh

    After more than 50 structured conversations with health care private equity and investment banking professionals at the recent J.P. Morgan health care conference, we can conclude that there is a deep — almost ubiquitous — interest in finding and structuring the next provider services consolidation, say attorneys with McGuireWoods LLP.

  • Navigating EU’s Ownership Unbundling Rules

    Filip Moerman

    The strict rules passed by European authorities in 2009 to curtail conflicts of interest resulting from the simultaneous holding of transmission and production interests are often perceived as stymieing energy investment. Investors will need to make a convincing case, through detailed and effective mechanics, that the risk for conflict of interest and undue influence is properly contained, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • When Valuations Go South For Unicorns, Other Startups

    Priya Cherian Huskins

    Those of us who have been in Silicon Valley long enough see the signs for an upcoming rash of down-round financings for some private companies, unicorns or otherwise, and many investors may decide to sell a company before all of its “inflated” value has drained. Situations like this call to mind the 2013 Trados decision — which gives insight into a board’s fiduciary duties, says Priya Cherian Huskins of Woodruff-Sawyer & Co.

  • A Bullish Year For M&A In Germany

    Berthold A. Hummel

    Due to stock market valuation arbitrage and better financing terms, U.S. buyers are enjoying a notably strong competitive advantage when bidding for German enterprises. U.S.-based private equity funds and companies are therefore increasingly looking to Germany and other parts of Western Europe for deal opportunities, say Berthold Hummel and Dr. Katja Heuterkes of Dechert LLP.