Private Equity Law360 provides breaking news and analysis on private equity deals and the attorneys involved. Coverage includes high-impact deals, related litigation and enforcement actions, and policy developments that affect private equity firms.
Hedge fund titan Bill Ackman's multilayered proposal to acquire a minority stake in music giant UMG through his special purpose acquisition company, while also enabling future acquisitions, seeks to rewrite the SPAC playbook through several complicated steps that could spur imitators.
Investor J. David Page is reportedly on the hunt for $14 million of bond financing for a Florida senior housing project, a Wafra Capital venture is said to have landed roughly $500 million in financing for a Manhattan office tower and KD Properties is said to have paid $9.9 million for a Florida industrial building.
The Office of the U.S. Trustee balked Friday at a case-opening proposal by bankrupt jewelry retailer Alex and Ani LLC to bar public access to some terms of a creditor settlement woven into the debtor's Chapter 11 restructuring support agreement in Delaware.
Chinese job recruitment platform creator Kanzhun Ltd., advised by Skadden, led a trio of operating companies that debuted on the stock exchanges Friday, raising a combined $1.41 billion through their initial public offerings.
Foley & Lardner LLP has added an attorney previously with DLA Piper LLP who specializes in cross-border transactions in Latin America as a partner in its Silicon Valley office, the latest lawyer to join the firm's growing presence in northern California, Foley announced.