Private Equity

  • March 04, 2024

    2 Ex-Latham Attys Join Freshfields As PE Practice Expands

    Freshfields Bruckhaus Deringer LLP welcomed two former Latham & Watkins LLP private equity mergers and acquisitions partners to its practice in New York on Monday, coinciding with the firm's strategy of expanding its private capital services globally.

  • March 04, 2024

    Activist Investors Up Macy's Takeover Offer To Roughly $6.6B

    Arkhouse Management Co. and Brigade Capital Management have boosted their offer to buy Macy's to roughly $6.6 billion from $5.8 billion, propelling the retailer's stock to a nearly 14% rally on Monday.

  • March 04, 2024

    Catching Up With Delaware's Chancery Court

    A Swedish music producer's takeover, a proposed award payable in Tesla shares, Truth Social stock squabbles, and an unusually blunt slap-down from the bench added up to an especially colorful week in Delaware's famous court of equity. On top of that came new cases about alleged power struggles, board entrenchment, consumer schemes and merger disputes.

  • March 04, 2024

    Sullivan & Cromwell-Led United Rentals Paying $1.1B For Yak

    Sullivan & Cromwell LLP is representing equipment rental giant United Rentals in a new agreement to buy the Yak roadway matting business from Morgan Lewis-guided Platinum Equity for $1.1 billion, United said in a statement Monday. 

  • March 04, 2024

    Vista Outdoor Rejects $2B Takeover Bid From MNC Capital

    Vista Outdoor Inc. has rejected a $2 billion takeover bid from MNC Capital Partners LP, saying the proposal does not take into account increased earnings the company will see when it separates its outdoor and sporting goods divisions.

  • March 04, 2024

    Alter Domus Valued At $5.3B Following Cinven Backing

    End-to-end technology-enabled fund administration company Alter Domus, advised by DLA Piper and Clifford Chance LLP, on Monday announced that it has secured a strategic investment from Freshfields Bruckhaus Deringer LLP-advised European private equity shop Cinven that values the business at an enterprise value of €4.9 billion ($5.3 billion).

  • March 01, 2024

    Avalara Beats Investors' $8.4B PE Buyout Challenge For Good

    A Washington federal judge refused Friday to give another chance to a proposed shareholder class action alleging Avalara lied to win investors' support for an $8.4 billion private equity buyout, in an order finding the lead plaintiff failed again to show the tax software company made false statements.

  • March 01, 2024

    MNC Capital Enters Vista Outdoor Takeover Fray With $2B Bid

    MNC Capital Partners LP has submitted a proposal to acquire Vista Outdoor Inc. for $2 billion, despite Vista entering a merger agreement last year to be acquired by a different company, according to Friday statements.

  • March 01, 2024

    Network Co. Directors Sue In Chancery To Stop Power Grab

    A power struggle at network connectivity services provider PacketFabric Inc. hit Delaware's Court of Chancery on Thursday, with an investor and two directors suing for a court declaration that they are still members of the board.

  • March 01, 2024

    Judge Doubts Drowsy Juror, Mask Rules Warrant New VC Trial

    A California federal judge expressed doubts Friday over claims that self-described "millennial" venture capitalist Michael Rothenberg deserves a new trial because of a drowsy juror and the court's COVID-19 mask rules, saying he disagrees that the juror was asleep and "welcomes" the Ninth Circuit's guidance on courtroom-masking requirements.

  • March 01, 2024

    Thoma Bravo Ups Everbridge Deal Size By $300M, To $1.8B

    Cooley LLP-advised software company Everbridge said Friday that Kirkland & Ellis LLP-led Thoma Bravo has agreed to up its proposed acquisition of Everbridge to $35 per share from $28.60, boosting Everbridge's implied value on the transaction from $1.5 billion to $1.8 billion and sending its stock soaring an additional 25%. 

  • March 01, 2024

    Avista Capital Partners Closes $1.5B Healthcare Fund

    Private equity firm Avista Capital Partners announced Friday that it had closed a $1.5 billion fund advised by Kirkland & Ellis focused on investments in the healthcare industry.

  • March 01, 2024

    Hogan Lovells, Choate Guide Pro Pickleball Merger To Close

    Hogan Lovells and Choate Hall & Stewart LLP are the law firms that represented MLP by Margaritaville and Carvana PPA Tour, respectively, in their newly closed, $75 million-backed pro pickleball merger, Law360 learned Friday.

  • March 01, 2024

    SPAC New Energy One To Wind Up Amid UK Deal Drought

    Blank-check company New Energy One said Friday it has decided to dissolve itself as it could not acquire a target business since it listed on the London Stock Exchange in March 2022, because of "challenging U.K. public equity market conditions."

  • March 01, 2024

    Mike Ashley Widens Claims In £10M Loan Fight With Financier

    Former Newcastle United owner Mike Ashley has added fresh allegations to his legal claim against financier Amanda Staveley over a £10 million ($12.6 million) loan, claiming she breached the deal by using proceeds earmarked to help fund the takeover of the club to pay a consultant.

  • February 29, 2024

    BlossomHill Therapeutics Closes $100M Series B

    Biotechnology company BlossomHill Therapeutics has raised a $100 million Series B financing round to advance its pipeline of cancer and autoimmune treatments, the company announced Thursday.

  • February 29, 2024

    11th Circ. Backs Film Producer's Crypto Scam Sentence

    An Eleventh Circuit panel on Thursday confirmed a nearly six-year prison sentence for an Atlanta-area film producer who admitted to running a short-lived cryptocurrency fraud, ruling his move for a lesser sentence was not justified based on the scheme's sophistication and his failure to take responsibility for the crimes.

  • February 29, 2024

    US Trustee Opposes Proterra Ch. 11 Plan's Future Exculpation

    The Office of the U.S. Trustee objected Thursday to the Chapter 11 plan of electric bus maker Proterra Inc., saying it includes exculpation provisions that would cover actions after it emerges from bankruptcy, and interferes with the payment of required quarterly fees to the trustee's office.

  • February 29, 2024

    Microsoft, OpenAI Contribute To $675M Figure AI Funding

    AI robotics company Figure AI has raised $675 million at a $2.6 billion valuation to further its development of "humanoid robots" for commercial use, securing money from major investors, such as Microsoft, OpenAI, Intel Capital and Jeff Bezos, according to a Thursday announcement.

  • February 29, 2024

    Trump's Truth Social Merger Deal Lands In Del. Chancery

    Plans to take former President Donald Trump's social media platform Truth Social public came under fire in two Delaware Chancery Court lawsuits Wednesday, with investors on both sides of the deal alleging that the long-delayed merger would cheat them out of their shares.

  • February 29, 2024

    Deals Rumor Mill: Springer Nature, Warner Bros., ExxonMobil

    Springer Nature's IPO could be valued at $9.7 billion, Warner Bros. has pulled back on Paramount negotiations, and ExxonMobil could fetch $1 billion for Argentinean assets. Here, Law360 breaks down the notable deal rumors from the past week.

  • February 29, 2024

    Don't Miss It: Milbank, Vedder Price Lead Month's Hot Deals

    A lot can happen in the world of mergers and acquisitions over the course of a month, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions managed by Milbank LLP and Vedder Price PC.

  • February 29, 2024

    SVB Parent's Counsel Booted From Fraud Coverage Row

    The bankrupt parent company of Silicon Valley Bank cannot use Farella Braun & Martel LLP as counsel in litigation over the parent company's claims that it alone must be covered for a fraud scheme that caused over $73 million in losses, a North Carolina federal court ruled.

  • February 29, 2024

    Dechert Hires Schulte Roth's M&A, Securities Group Co-Chair

    Dechert LLP has hired the co-chair of Schulte Roth & Zabel LLP's M&A and securities group as a partner to continue his work focused on a range of corporate legal issues, the firm announced Thursday.

  • February 28, 2024

    SEC Taps Agency Vet To Lead Adviser, Fund Rulemaking Unit

    The U.S. Securities and Exchange Commission announced Wednesday that an agency veteran currently serving as deputy director of the examinations division will be the new head of its investment management division, which oversees the regulation of investment advisers, mutual funds and certain private fund operators.

Expert Analysis

  • What To Know About FTC's Merger Filing Proposal

    Author Photo

    Attorneys at Simpson Thacher dissect the Federal Trade Commission's recent proposal to overhaul the premerger notification process — discussing the proposal's requirements, comparing peer jurisdictions' premerger regimes, and reviewing the implementation process for a final rule change.

  • Financial Cos. At Risk In Feds' Off-Channel Messaging Sweep

    Author Photo

    With the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission taking an increased interest in off-channel communications in the financial services industry, it is imperative that regulated companies ensure that employees understand and follow proper protocols for business-related messages, say attorneys at Sheppard Mullin.

  • How Attys Can Avoid Exposing Their Firms To Cyberattacks

    Author Photo

    Attorneys are the weakest link in their firms' cyberdefenses because hackers often exploit the gap between individuals’ work and personal cybersecurity habits, but there are some steps lawyers can take to reduce the risks they create for their employers, say Mark Hurley and Carmine Cicalese at Digital Privacy & Protection.

  • Foreign Investment In Real Estate Is Getting More Complicated

    Author Photo

    Increasing federal scrutiny and a proliferation of new state laws targeting foreign investment in real estate may complicate or prevent transactions even by U.S. companies or funds that have shareholders or limited partners from China and other countries of concern, say attorneys at Akin.

  • Virginia 'Rocket Docket' Slowdown Is Likely A Blip

    Author Photo

    After being the fastest or second-fastest federal civil trial court for 14 straight years, the Eastern District of Virginia has slid to 18th place, but the rocket docket’s statistical tumble doesn't mean the district no longer maintains a speedy civil docket, says Robert Tata at Hunton.

  • Home Equity Option Contracts Appear Ripe For Rating

    Author Photo

    Given that home equity option contracts share similarities with evolving asset types like litigation funding, and that courts continue to characterize them as real estate option contracts, it seems they are poised to be rated in the near future, say Darius Horton and Holly Spencer Bunting at Mayer Brown.

  • Broadcast Deal Parties, Beware In-House FCC Hearings

    Author Photo

    Potential buyers and sellers in the telecom space should take note of the recent collapse of Standard General's attempted takeover of Tegna, which could not find its way out of a procedural maze created by the Federal Communications Commission's administrative law judge review, says Dennis Corbett at Telecommunications Law Professionals.

  • 'Varsity Blues' Reversal May Inform Conspiracy Defenses

    Author Photo

    The First Circuit’s recent decision vacating the convictions of two “Varsity Blues” defendants provides potential support for creative arguments against conspiracy charges, particularly where defense counsel can show competition or indifference among alleged co-conspirators, say Cormac Connor and Emily Mikes at Husch Blackwell.

  • 5 Management Tips To Keep Law Firm Merger Talks Moving

    Author Photo

    Many law firm mergers that make solid business sense still fall apart due to the costs and frustrations of inefficient negotiations, but firm managers can increase the chance of success by effectively planning and executing merger discussions, say Lisa Smith and Kristin Stark at Fairfax Associates.

  • SEC Agenda Indicates A Blistering Rulemaking Pace

    Author Photo

    The U.S. Securities and Exchange Commission's recently released agenda lists several major rule proposals slated for adoption in the second half of this year, reflecting the SEC's proactive shift toward taking final action on previously proposed rules pertaining to investment advisers, private funds and registered funds, say attorneys at Simpson Thacher.

  • Recent Bills Show Congress' Growing Maturity On Cannabis

    Author Photo

    Though two recently introduced cannabis reform bills, the Prepare Act and the Small Business Tax Equity Act, are unlikely to pass in this Congress, they demonstrate a new level of focus and sophistication on the part of lawmakers as it relates to cannabis at the federal level, says Irina Dashevsky at Greenspoon Marder.

  • Bank Agencies' 3rd-Party Risk Guidance: 6 Things To Know

    Author Photo

    Although third-party risk management is already a standard practice, final guidance recently issued by federal banking agencies indicates that banks should expect a heightened supervisory focus on this area, say attorneys at Covington.

  • Rethinking In-Office Attendance For Associate Retention

    Author Photo

    The hybrid office attendance model doesn't work for all employees, but it does for many — and balancing these two groups is important for associate retention and maintaining a BigLaw firm culture that supports all attorneys, says Summer Eberhard at Major Lindsey.

  • Practice Tips For Structuring Corporate Venture Capital Deals

    Author Photo

    With traditional financial venture capitalists scaling back and corporate venture capital emerging as a key player in the funding landscape, lawyers advising these strategic investments should limit exposure to competitive information and follow other best practices to minimize potential hazards, say Evan Kipperman and Paul Hughes at Wiggin and Dana.

  • SEC Form PF Amendments Show Private Fund Adviser Focus

    Author Photo

    The U.S. Securities and Exchange Commission recently adopted amendments to Form PF that will establish new event-reporting requirements for private equity and large hedge fund advisers, reflecting the SEC's increased attention on the private markets also seen in its stated examination priorities and latest rule proposals, say attorneys at King & Spalding.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Private Equity archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!