Capital Markets

  • June 4, 2014

    PE Funds Keeping Options Open With Dual-Track Exits

    The dual-track exit process — where the company files for an IPO but also pursues an outright sale — is back in style for private equity firms as initial public offerings have again become a viable option after years of financial-crisis malaise.

  • June 4, 2014

    Andrews Kurth Reps Trinity In Premium Pet Food Co. Sale

    Trinity Hunt Partners said Wednesday it sold premium pet food company C.J. Foods Inc. to fellow private equity shop J.H. Whitney Capital Partners LLC for an undisclosed amount, as two other gourmet kibble companies look to go public.

  • June 4, 2014

    Blackstone Hopes Third Time's A Charm For Travelport IPO

    Blackstone Group LP is preparing for round three of its attempt to take airline ticketing company Travelport Worldwide Ltd. public, this time in the U.S., according to a filing with regulators on Wednesday.

  • June 4, 2014

    Deals Rumor Mill: CVC, Lenovo, Hutchison

    CVC Capital and KKR are said to be eyeing units to be sold by cement makers Holcim Ltd. and Lafarge SA to win EU regulatory approval, while Lenovo and IBM are seeking more time for a national security review of Lenovo's planned $2.3 billion purchase of IBM's low-end server unit.

  • June 4, 2014

    Volkswagen Raises $2.7B In Share Sale To Fund Scania Buy

    German auto giant Volkswagen AG said Wednesday that it raised up to €2 billion ($2.72 billion) from issuing new preferred shares in a capital increase that will partially finance its €6.7 billion ($9.2 billion) acquisition of Swedish truck maker Scania AB.

  • June 4, 2014

    FINRA Hits Barclays, Goldman, Merrill With $1M Fines

    The Financial Industry Regulatory Authority has fined Barclays Capital Inc., Goldman Sachs & Co. and Merrill Lynch Pierce Fenner & Smith Inc. $1 million each for failing to submit accurate information about their trading activity, the regulator announced Wednesday.

  • June 4, 2014

    Female Powerbrokers Q&A: Hanson Bridgett's Linda Klamm

    In the hope of dissuading me from my folly, my father sent me at least one article every week on how women were having difficulties succeeding in the legal profession. He did not stop until I made partner five years after graduation, at age 29 — the youngest ever to attain partnership status in my firm, says Linda Klamm, chairwoman of Hanson Bridgett LLP's insurance recovery practice.

  • June 3, 2014

    Conflict Mineral Filings To Draw Harsher Spotlight

    Now that Monday's deadline has passed for public companies to report whether their products contain conflict minerals, experts say the real pressure facing businesses such as Barnes & Noble and Target Corp. won't be from federal regulators, but from outside parties challenging them to disclose even more.

  • June 3, 2014

    Buchanan Ingersoll Adds Finance Pro To Philly, NY Offices

    Buchanan Ingersoll & Rooney PC said Tuesday it has strengthened the firm’s financial services in its Philadelphia and New York offices with the addition of a former Carter Ledyard & Milburn LLP attorney who has experience in capital markets, tax-exempt and taxable bond finance transactions, and securities.

  • June 3, 2014

    Massad Confirmed As CFTC Chief By Senate

    The U.S. Senate on Tuesday confirmed Treasury official Timothy Massad to lead the Commodity Futures Trading Commission, alongside the confirmation of two other CFTC nominees, including Latham & Watkins LLP corporate partner Sharon Y. Bowen.

  • June 3, 2014

    SEC To Tackle Proxy Adviser Conflicts In New Guidance

    The U.S. Securities and Exchange Commission is expected to soon take steps that could force proxy advisory firms to be more forthcoming about their conflicts of interest, according to a report published Tuesday.

  • June 3, 2014

    Deals Rumor Mill: DIA France, Kontera, Triton

    Two French retailers are expected to make firm offers for loss-making DIA France, while Singapore's largest mobile operator is mulling an acquisition of U.S. advertising technology company Kontera Technologies.

  • June 3, 2014

    5 Insights From Nationwide Chief Legal Officer Pat Hatler

    One area we're watching closely is the emerging regulation of new trends in transportation, such as autonomous cars, ride-sharing and car-sharing. There will have to be new insurance products and likely new regulatory approaches for these and other innovations, says Pat Hatler, executive vice president and chief legal and governance officer for Nationwide Mutual Insurance Co.

  • June 2, 2014

    FINRA Begins Shining Light On 'Dark Pool' Data

    The Financial Industry Regulatory Authority on Monday began making public data on trades conducted in so-called dark pools, saying the increased transparency is designed to boost market confidence.

  • June 2, 2014

    PE-Backed Aussie Toiletry Maker Aims For $638M IPO

    Australia-based Pacific Equity Partners and joint venture partner Svenska Cellulosa AB said Monday they're hoping to raise up to AU$690 million ($638 million) through an initial public offering of their toilet paper and diaper maker Asaleo Care Ltd., marking the private equity firm’s most recent exit from an investment.

  • June 2, 2014

    Chicago Charter School Settles SEC Doc Suit Over $38M Bond

    A Chicago charter school has agreed to settle a lawsuit filed by the U.S. Securities and Exchange Commission claiming it failed to inform investors that it was paying its senior officers' brothers millions to perform construction work, the agency announced Monday.

  • May 30, 2014

    Halliburton’s Middle Ground Still Promises Sweeping Change

    Many bets have the U.S. Supreme Court striking a middle-of-the-road decision on the landmark securities class action known as the Halliburton case, but attorneys and experts say even that course presents unknowns that could tie up district courts with knotty new questions or expose new classes of defendants to litigation.

  • May 29, 2014

    Deals Rumor Mill: GSK, Softbank, Swift Worldwide

    GlaxoSmithKline is seeking out private equity suitors for its older drugs sold in Western markets, while Deutsche Telekom could hold onto a stake in T-Mobile if the wireless carrier is sold to Sprint's majority shareholder, Softbank.

  • May 28, 2014

    GCs Question If Partners Are Worth The Cost

    General counsel have shifted their billing rate pressure from associates to partners, scrutinizing each bill that comes across their desks and getting even more aggressive in asking for reduced rates, experts say.

  • May 28, 2014

    5 Insights From Ingram Micro's Lily Hughes

    We are keeping a close eye on Dodd-Frank rules and regulations still to be finalized — such as U.S. Securities and Exchange Commission rules relating to disclosure of CEO pay versus the rest of the company’s employees, says Lily Hughes, vice president and associate general counsel of Ingram Micro.