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.
The European Commission will block the proposed $30 billion merger of Deutsche Boerse and the London Stock Exchange, Amazon.com has agreed to buy United Arab Emirates-based online retailer and marketplace Souq.com, and Italian insurance giant Generali intends to sell its businesses in Colombia, Ecuador and Panama.
A former Chadbourne & Parke LLP tax partner with experience representing companies in mergers, including private equity fund I Squared Capital in its $1.2 billion acquisition of Latin American energy interests, has joined Holland & Knight LLP in New York.
Three collateralized loan obligation funds known as the Zohar Funds urged a New York federal court Monday to keep intact their suit alleging Patriarch Partners LLC magnate Lynn Tilton "pillaged" more than $1 billion from them, saying she is deliberately mischaracterizing the claims in a baseless attempt to preclude them.
The Pennsylvania Superior Court ruled Tuesday that a former employee of a venture capital fund is entitled to liquidated damages on top of a $1.26 million jury verdict in a suit over compensation under a severance agreement, finding that liquidated damages and prejudgment interest aren’t mutually exclusive.
Fengate Real Asset Investments has clinched its latest private equity fund after collecting $300 million from investors, the firm said on Wednesday, with plans to invest in North America-based middle market companies across a range of sectors, including energy, construction and housing.