Private Equity

  • July 29, 2016

    PE Firm Starwood Pays $760M For 2 Power Generation Assets

    Energy-focused private equity firm Starwood Energy Group Global LLC has agreed to pay $760 million to acquire two Pennsylvania-based power generation assets from NextEra Energy Resources LLC, the companies said Friday.

  • July 29, 2016

    Deals Rumor Mill: Deltek, Save-A-Lot, Interactive

    Thoma Bravo may look to sell Deltek in a deal that would value the information services firm at up to $3 billion, multiple private equity firms are vying to buy Save-A-Lot and Interactive Intelligence Group is mulling a sale that could value it at around $1.1 billion.

  • July 29, 2016

    PE-Backed Big Data Co. Prices $95M IPO

    Talend SA, a data technology company backed by private equity firm Silver Lake and others, priced its initial public offering in the U.S. Thursday, raising $94.5 million and exceeding its expected price range.

  • July 29, 2016

    IK Investment Partners Sells Dutch OTC Drug Co. Vemedia

    European private equity firm IK Investment Partners has agreed to sell Dutch over-the-counter drug and food supplement provider Vemedia Group to an affiliate of London private equity shop Charterhouse Capital Partners LLP, the companies said Friday.

  • July 29, 2016

    BC Partners, PSP Investments Acquire Israel's Keter Group

    European private equity shop BC Partners and Canada’s Public Sector Pension Investment Board have agreed to acquire a majority stake in Israel-based Keter Group, the companies said on Thursday, adding to their portfolios a company that makes and distributes furniture and other home goods products.

  • July 28, 2016

    Retailer Claire's Reportedly Seeks Debt Restructuring

    Jewelry and accessories retailer Claire’s Stores Inc. plans to begin negotiating with creditors over a plan to restructure its debt and will need strong back-to-school sales to prevent the business from filing for bankruptcy, according to published reports Thursday.

  • July 28, 2016

    Oracle's $9.3B NetSuite Buy Latest In Tech Sector M&A Boom

    Oracle Corp.'s $9.3 billion play for cloud-computing company NetSuite is just the latest big-ticket technology deal unveiled this year, with the sector soaring to the most active for M&A this year as larger players make strategic buys, private equity firms show interest in tech and a challenging initial public offering market converge to fuel deal-making, experts say.

  • July 28, 2016

    Partners Group Pours $200M Into Taiwanese Solar Venture

    European private investment firm Partners Group AG on Thursday said that it has agreed to invest more than $200 million in a venture that is working to develop solar power projects in Taiwan, the second solar investment for the firm this year.

  • July 28, 2016

    Deals Rumor Mill: Allegro, Zabka Polska, InVentiv Group

    European e-commerce company Allegro reportedly has numerous suitors and could be worth as much as $3.3 billion in a sale, private equity firm Mid Europa Partners plans to sell Polish convenience store chain Zabka Polska, and Advent International and CVC Capital Partners each want to buy inVentiv Group, which provides services to biopharmaceutical companies.

  • July 28, 2016

    Fosun To Buy KKR-Backed Indian Drug Co. For Up To $1.3B

    Shanghai Fosun Pharmaceutical Group Co. Ltd. will buy a significant stake in Gland Pharma Ltd., an Indian company that manufactures generic injectable drugs for U.S. and Indian markets, from KKR & Co. LP and other shareholders for up to $1.26 billion, the private equity-backed company said on Thursday.

  • July 28, 2016

    Carlyle To Exit Axalta In Potential $1B Stake Sale

    The Carlyle Group LP has agreed to sell its remaining stake in Pennsylvania-based Axalta Coating Systems Ltd., the companies said on Thursday, in a secondary share sale that could bring in more than $1 billion.

  • July 28, 2016

    3rd Circ. Upholds Sun Capital's Exit From WARN Act Suit

    The Third Circuit on Wednesday affirmed that a group of truckers challenging their bankrupt employer’s failure to notify them of sudden layoffs could not bring legal claims against the trucking company’s private equity owner, Sun Capital Partners Inc., finding the two companies did not function as a “single employer.”

  • July 28, 2016

    Temasek Buys Into Italian Luxury Clothing Maker Moncler

    Singapore state-owned investment company Temasek Holdings Pte. Ltd. has agreed to buy a stake in Italy-headquartered high-end winter jacket maker Moncler Group, Temasek said Thursday, marking the most significant investment it has ever made in an Italian company.

  • July 27, 2016

    Labor Board Rules Against PE Firm In H-1B Pay Case

    A review board at the U.S. Department of Labor has upheld a lower judge’s ruling that Aleutian Capital Partners LLC owes nearly $23,000 in back wages to two H-1B visa workers.

  • July 27, 2016

    Ballard Spahr Adds M&A Partner From Katten Muchin

    Ballard Spahr LLP has added to its New York office a former Katten Muchin partner with decades of experience advising a range of public and private clients on mergers and acquisitions, joint ventures, debt and equity financings, and other transactions.

  • July 27, 2016

    Deals Rumor Mill: Gland Pharma, SoundCloud, Xplornet

    Shanghai Fosun Pharmaceutical will pay $1.4 billion for India's Gland Pharma, SoundCloud's owners are searching for buyers willing to value the company at more than $1 billion, and a number of U.S. private equity firms are vying to buy Canadian internet provider Xplornet Communications.

  • July 27, 2016

    Legal Tech Co. Epiq To Go Private In $1B Deal

    Epiq said Wednesday it will be taken private by two private equity firms in a deal worth $1 billion, including debt, ending merger rumors with a deal that comes nearly two years after a longtime investor began challenging the legal technology and service firm’s management over lackluster stock performance.

  • July 27, 2016

    KKR Selling 15M Shares In Walgreens Boots For Likely $1.2B

    Private equity giant Kohlberg Kravis Roberts & Co. plans to further trim its stake in Walgreens Boots Alliance Inc., announcing Tuesday that it will sell 15 million shares of the pharmacy company in a secondary offering.

  • July 27, 2016

    Deutsche Beteiligungs Raises €1B PE Fund

    German private equity shop Deutsche Beteiligungs AG said Wednesday that it has raised a new €1 billion ($1.1 billion) fund, guided by P+P Pollath + Partners, that will allow it to make bigger investments than it has in the past.

  • July 27, 2016

    Mitsui Plugs $101M Into Asian Hospital Developer, Operator

    Japanese trading giant Mitsui & Co. Ltd. said it will invest $101 million in Columbia Asia, a developer and operator of hospitals and clinics, on Wednesday, allowing the health care company to continue its expansion plans and giving Mitsui a chance to leverage its other health investments.

Expert Analysis

  • Prevent Litigation From Becoming A Threat To Data Security

    Dante Stella

    Recent headline-grabbing data security incidents have shed light both on direct and collateral impacts to companies and their employees. Attorneys should take steps to ensure that their role in the conduct of litigation does not in itself lead to similarly damaging disclosures of sensitive information, say Dante Stella and Sherrie Farrell of Dykema Gossett PLLC.

  • 6 Months Since Iran Sanctions Relief: Lessons And Forecast

    Casey_Mike.jpg

    The last six months offer important lessons about the scope of sanctions relief that the U.S. and other countries provided to Iran in exchange for curtailing its nuclear program. Attorneys at Ropes & Gray LLP discuss the willingness — and unwillingness — of companies and financial institutions to engage with Iran in this new regulatory environment.

  • Reps & Warranties Insurance From A Compliance Perspective

    Kim Nemirow

    The decision of whether and how aggressively to pursue representations and warranties insurance for compliance risks — such as corruption, money laundering and sanctions issues — is not easy. Sharing diligence findings with potential insurers can prove tricky in the compliance context, as portions of this diligence are often conducted pursuant to legal privilege, say attorneys with Ropes & Gray LLP.

  • Bridging The Divide Between Banks And Marketplace Lenders

    Anthony R.G. Nolan

    The increasingly close relationship between banks and marketplace lending platforms, as well as the uncertainty surrounding state usury limits, have led to speculation that marketplace lenders may ultimately obtain bank charters. A fundamental issue is whether the equity and institutional investment markets will provide a stable long-term source of funding for the industry, say attorneys with K&L Gates LLP.

  • OPINION: Our Juries Are Being Circumvented

    Suja A. Thomas.jpg

    The Freddie Gray case and the U.S. Supreme Court ruling regarding former Virginia Governor Robert McDonnell demonstrate how the government replaces juries, eliminating an important community decision maker and a check on governmental power, says Professor Suja Thomas of the University of Illinois College of Law.

  • Pre-Investment Considerations For An IPO Exit

    Christopher R. Machera

    Private equity sponsors are increasingly looking to the public markets to exit portfolio company investments. However, stockholder agreements entered into by sponsors at the time of the original investment don't always properly anticipate the various nuances of owning interests in a public company, says Christopher Machera of Weil Gotshal & Manges LLP.

  • Legal Aid, Meet Legal Tech

    IMG_0023.JPG

    Because there will never be enough free lawyers to satisfy demand from low-income Americans, we need to leverage technology to allow the legal expertise of one lawyer to reach hundreds or thousands of clients at once, say Jonathan Petts and Rohan Pavuluri, co-founders of startup nonprofit Upsolve.

  • When Minority Stockholders Take Control

    Samuel Waxman

    It is a mistake to assume that a stockholder that does not own 51 percent of a company’s equity is free from the constraints that apply to controlling stockholders. Recent Delaware cases provide key insight into when minority stockholders can be deemed controlling stockholders, and the level of judicial review that applies to agreements with affiliates of the controlling stockholders, say attorneys with Paul Hastings LLP.

  • Merger Price Vs. Discounted Cash Flow: A Study Of Dell

    Boris J. Steffen

    Rejecting the contention by Dell Inc. that the final merger consideration was the best evidence of its fair value, the Delaware Chancery Court recently concluded that the fair value of Dell's common stock at the time it was taken private was approximately 28 percent higher than the final merger price. RSM US LLP's Boris Steffen, who frequently serves as a testifying expert in M&A litigation, dissects the court's analysis and highli... (continued)

  • Testing The UBE: Portable But Inaccurate Bar Exam Scores

    Suzanne Darrow-Kleinhaus

    While there is not much that is new about the uniform bar exam’s components, what is new is that where you take the bar exam may make the difference between passing and failing. Half of the score depends on the strength of the applicant pool in the jurisdiction where the candidate wrote the exam, which may lead to “UBE shopping,” says Suzanne Darrow-Kleinhaus, director of bar programs at Touro Law Center.