Private Equity

  • October 21, 2016

    Tilton, SEC Prep For Unprecedented Face-Off In $200M Case

    Private equity magnate Lynn Tilton and the U.S. Securities and Exchange Commission will finally face off Monday over claims Tilton and her firm overcharged investors by more than $200 million, and both sides are preparing for a fight befitting what could be the largest case ever heard by an SEC judge as Tilton raises a host of new claims the agency acted improperly.

  • October 21, 2016

    Investors Say Calif. Suit Dooms Wells Fargo's Dismissal Bid

    A proposed class of investors suing Wells Fargo over the bank’s alleged mishandling of its residential mortgage-backed securities investments informed a New York federal judge Thursday of a Wednesday order by a California state judge that rejected pleading challenges “identical” to those raised by Wells Fargo in the instant case.

  • October 21, 2016

    PE Fund Turns To High Court In Texas Hospital Buy Suit

    Several entities tied to private equity fund Nautic Partners LLC have asked the U.S. Supreme Court to keep them from facing Texas state court claims they poached a prime hospital acquisition target, saying the Texas Supreme Court made an end run around due process rights.

  • October 21, 2016

    $5.2B Talen Energy Buyout Sparks Del. Investor Suit

    Public stockholders of Talen Energy Corp. opened a proposed class challenge Friday to the power producer's $5.2 billion sale to Riverstone Holdings LLC, saying the proposed buyout price is unfair in light of Talen's true value.

  • October 21, 2016

    6 Firms To Steer 7 IPOs Totaling $2.6B Led By Blockbuster

    Six firms will guide seven initial public offerings totaling about $2.6 billion during an expectedly busy week of Oct. 24, anchored by potentially the year's largest IPO, plus a private equity-backed golf equipment company, four technology and life science firms, and a blank check issuer.

  • October 21, 2016

    HealthEquity's PE Backers Shed Stakes In $89.6M Offering

    A pair of HealthEquity Inc. private equity investors again sold stakes in the health account administrator as part of a secondary offering that priced Thursday, raising about $89.6 million in the process.

  • October 21, 2016

    3 Firms Steer $87M NYC Apartment Deal, KKR Loan

    Westerman Ball Ederer Miller Zucker & Sharfstein LLP guided Madison Realty Capital's $86.5 million New York apartment building purchase from a seller represented by Neuberger Quinn Gielen Rubin & Gibber PA, while Gibson Dunn represented acquisition lender KKR & Co. LP, according to records filed in New York on Friday.

  • October 21, 2016

    Deals Rumor Mill: AT&T And Time Warner, Apple, Qualcomm

    An AT&T acquisition of Time Warner could be announced as soon as this weekend, while Apple previously pursued Time Warner and is keeping close tabs on its potential deal with AT&T, and Qualcomm has nearly clinched a roughly $37 billion acquisition of NXP Semiconductors.

  • October 21, 2016

    McDermott Gains Transactional Partner From Locke Lord

    A former longtime Locke Lord LLP partner specializing in corporate and transactional matters for technology and life sciences companies in cross-border situations has joined McDermott Will & Emery LLP as a partner in its Boston office, the firm has said.

  • October 21, 2016

    Crestview’s $125M Accuride Buy Shorts Investors, Suit Says

    Accuride Corp.’s board undervalued the commercial vehicle parts supply company by taking a $124.5 million buyout offer from private equity firm Crestview Partners without getting other bids, shareholders alleged in Indiana federal court Thursday.

  • October 21, 2016

    Temasek Partners With Asian Healthcare Co. In $250M Deal

    Columbia Pacific Management, a developer and operator of hospitals and clinics across Asia, received a $250 million investment from Singaporean investment firm Temasek, kicking off a joint venture that will see Columbia China expand its health care operations in China.

  • October 21, 2016

    Providence Strategic Growth Invests $115M In PaySimple

    PaySimple, a cloud-based platform that lets businesses market their services and accept payments online, said Thursday it has received a $115 million growth investment from Providence Strategic Growth, a growth equity affiliate of media-focused private equity firm Providence Equity Partners LLC.

  • October 21, 2016

    Taxation With Representation: Vinson, Wachtell, Latham

    In this week’s Taxation With Representation, a Colorado-based petroleum company expands its footprint in Texas with a $1.6 billion deal, grocery wholesaler Supervalu sells its discount retail unit to a Canadian firm, and cosmetics giant Coty makes a $510 million deal with a British private equity shop.

  • October 21, 2016

    Opportunity Abounds Despite Q3 Dip For PE Real Estate Deals

    The volume of private equity real estate deals inked in the third quarter slid, though a handful of big-money transactions catapulted the combined value of agreements to one of the highest single-quarter totals in the last two years, and experts say the sector is healthy and ripe for investment.

  • October 21, 2016

    Axis Says Tilton Bought $5M Policy While Under SEC Scrutiny

    Patriarch Partners boss Lynn Tilton knew her funds were under investigation by the U.S. Securities and Exchange Commission in August 2011 when she shopped Axis Insurance Co. for $5 million in excess coverage, the insurer's lawyer told a Manhattan federal judge Friday.

  • October 21, 2016

    Don't Miss It: Hot Deals & Firms We Followed This Week

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Gleiss Lutz, Paul Weiss and Debevoise. Here, Law360 recaps the ones you might have missed.

  • October 20, 2016

    Ex-TransCare Workers Get Class Cert. In Suit Over Layoffs

    A New York bankruptcy judge on Thursday certified classes of former TransCare employees who were laid off earlier this year when the private ambulance service shut its doors and have sued the company and its private equity owner, Patriarch Partners, over the abrupt terminations.

  • October 20, 2016

    PE Halifax Group Affiliate In Del. Ch. 7 Over $65M Debt

    An affiliate of private equity firm Halifax Group LLC that has been battling in court over the disputed price it paid for a Gulf Coast environmental remediation company filed for Chapter 7 bankruptcy in Delaware late Wednesday, listing no clear assets and $64.8 million in secured claims.

  • October 20, 2016

    Tilton, Patriarch Ask Appeals Court To Nix Fraud Claim

    Lynn Tilton and Patriarch Partners LLC told a New York state appeals court Thursday that Norddeutsche Landesbank Girozentrale’s $45 million fraudulent misrepresentation suit should be dismissed because documents describing the collateralized debt obligation investments explicitly said they would acquire equity as well.

  • October 20, 2016

    Pipe Maker, Biotech Price IPOs Raising $439M

    Private equity-backed pipe manufacturer Forterra priced an initial public offering that raised $331.6 million on Wednesday, with guidance from Gibson Dunn, the same day venture capital-backed medical device company iRhythm Technologies priced a $107 million IPO, led by Wilson Sonsini Goodrich & Rosati PC.

Expert Analysis

  • When Your Client Is The President


    I went to the law books, where I discovered the crime of “obstruction of justice,” and realized I was right in the middle of a criminal conspiracy. I didn't fully understand my conduct during Watergate until — decades later — I learned about the psychology of cover-up at work, says John Dean, who served as White House counsel for President Richard Nixon.

  • Trial Pros’ Secret To Courtroom Success

     Jamin S. Soderstrom

    Somewhat surprisingly, very few of the dozens of "trial pros" who have been interviewed by Law360 have revealed the secret to effective trial preparation that is vital to their success. But ultimately, the “secret” to effective trial preparation is not actually a secret, says Jamin Soderstrom of Soderstrom Law PC.

  • 100 Days Of Cayman Islands Limited Liability Companies

    Tim Buckley

    Although a new form of entity under Cayman Islands law, the Cayman Islands LLC is familiar in form to U.S. lawyers and industry participants; Cayman Islands LLCs operate in an almost identical way to Delaware LLCs, say Tim Buckley and Andrew Barker of Walkers Global.

  • Private Equity Flows To Oil And Gas As Prices Stay Low

    Alan Burke

    Over the past 24 months, the low oil price environment has led to increased interest in the hydrocarbon sector from private equity investors. Attorneys at White & Case LLP examine factors that have incentivized PE houses to contemplate entry into the upstream oil and gas market, as well as the challenges to such PE investment.

  • A Snapshot Of M&A Activity In September

    Ariel J. Deckelbaum

    Mergers and acquisitions activity rebounded across most metrics in September 2016. In this video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP discusses the latest changes in U.S., global and sponsor-related activity.

  • OPINION: 3rd-Party Litigation Funding Needs Transparency

    Lisa A. Rickard

    The practice of third-party litigation funding, in which funders front money to plaintiffs law firms in exchange for a cut of any settlement or money judgment, is growing increasingly popular. Currently, litigators are not required to disclose the involvement of third-party funders, but transparency will improve justice in courts, say Lisa Rickard, president of the U.S. Chamber Institute for Legal Reform, and Mark Behrens, a partne... (continued)

  • Och-Ziff: Takeaways From Landmark FCPA Case

    Jason A. Jones

    The recent Och-Ziff Capital Management enforcement action — one of the largest Foreign Corrupt Practices Act settlements in history — is notable for a number of reasons, not the least of which is that the U.S. Securities and Exchange Commission charged a sitting CEO and chief financial officer of an issuer with violating the FCPA for the first time, say attorneys with King & Spalding LLP.

  • PPPs: Structuring For Efficient Infrastructure Renewal

    Nadine M. Thornton

    Both Secretary Clinton and Donald Trump have touted plans for increased infrastructure investment should they win at the ballot this fall. Whatever the quality and likelihood of these plans, the renewed attention to the “infrastructure gap” means energy and infrastructure attorneys and their clients should begin thinking critically about potential partnerships, says Nadine Thornton of Simpson Thacher LLP.

  • The Art Of Silence At Trial

     Martha Luring

    When communicating to a jury, trial lawyers know that words matter. Thus, it may seem odd to focus on the topic of silence. However, this tool is often underutilized in all facets of the litigation life cycle, says Martha Luring of Salmons Consulting.

  • Partnership Tax Guidance: Disguised Sales And Liabilities

    Elizabeth McGinley

    On Oct. 5, 2016, the Treasury Department and the IRS published much-anticipated final, temporary and new proposed regulations providing guidance under IRC sections 707 and 752 on partnership disguised sales and the allocation of partnership liabilities, say members of Bracewell LLP.