Mergers & Acquisitions

  • May 21, 2018

    Roper Technologies Pays $1.1B For PE-Backed PowerPlan

    Roper Technologies Inc. has agreed to buy private equity-backed PowerPlan Inc., which provides accounting, tax and capital budgeting services to industries including oil and gas, telecom, and transportation, in an all-cash deal worth $1.1 billion, the companies said Monday.

  • May 21, 2018

    Winston & Strawn Boosts PE Team With 2 Ex-Katten Partners

    Winston & Strawn LLP has hired two partners in California with strong private equity and mergers and acquisitions experience from Katten Muchin Rosenman LLP, including one who headed up that firm's Los Angeles corporate practice and previously presided over a private investment company, the firm announced.

  • May 21, 2018

    NextEra Pays $6.5B For Southern Co. Florida Utilities

    Utility giant Southern Co. said Monday that it's exiting the Florida utility business, agreeing to sell a pair of Sunshine State utilities and stakes in two gas-fired power plants to NextEra Energy Inc. in a set of deals worth a combined $6.48 billion.

  • May 21, 2018

    3 Firms Guide $4.7B Merger Of Fifth Third, MB Financial

    Fifth Third Bancorp and an Illinois-based holding company for MB Financial Bank NA on Monday said that they have agreed to merge in a deal that is valued at $4.7 billion and was guided by Simpson Thacher & Bartlett LLP, Silver Freedman Taff & Tiernan LLP and Vedder Price PC.

  • May 21, 2018

    Simpson Thacher Guides Blackstone's $4.8B Deal For LaSalle

    Simpson Thacher & Bartlett LLP on Monday said it guided Blackstone's $4.8 billion deal for real estate investment trust LaSalle Hotel Properties, the fourth multibillion-dollar real estate deal the New York City-based firm has steered for the private equity giant since the start of the year.

  • May 21, 2018

    PE-Backed Bank Software Biz Ipreo Sold In Nearly $1.9B Deal

    London-headquartered data and analytics firm IHS Markit Ltd. has agreed to buy private equity-backed banking software provider Ipreo Holdings LLC for $1.86 billion, in a deal guided by Davis Polk & Wardwell LLP and Weil Gotshal & Manges LLP, according to a Monday statement.

  • May 21, 2018

    Jones Day, Davis Polk Guide $11B Wabtec, GE Rail Tie-Up

    Rail products and services firm Wabtec Corp. will combine with General Electric Co.’s transportation unit in a deal valued at $11.1 billion, with Jones Day and Davis Polk & Wardwell LLP guiding Wabtec and GE, respectively, the companies announced Monday.

  • May 18, 2018

    Mobile Ad Firm Investor Sues To Nullify $34M Merger

    A common stockholder of Mobile Posse Inc. filed suit Friday in Delaware Chancery Court to void the mobile advertising technology firm's $33.8 million merger with a company that allegedly has deep ties to the directors of Mobile Posse and its preferred shareholders.

  • May 18, 2018

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

    With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Simpson Thacher & Bartlett LLP and Ropes & Gray LLP. Here, Law360 recaps the ones you may have missed.

  • May 18, 2018

    Deals Rumor Mill: Qualcomm, BMC Software, KazAtomProm

    China is growing on Qualcomm’s $44 billion proposed takeover of NXP Semiconductors, BMC Software Inc. tapped Goldman Sachs and Credit Suisse to aid a sale, and Kazakhstan wants to sell one-quarter of its state-owned uranium importer and exporter.

  • May 18, 2018

    Taxation With Representation: Gibson, Freshfields, Wachtell

    In this week’s Taxation with Representation, gas pipeline operator Williams swallowed up its master limited partnership Williams Partners for $10.5 billion, Enbridge acquired several of its sponsored vehicles for $8.9 billion, EQT merged its hearing aid business with Widex A/S for $8.3 billion and Zoetis snapped up Abaxis for $2 billion.

  • May 18, 2018

    FCC's O'Rielly Rebukes Rumors Of Sinclair-Tribune Benefits

    In no uncertain terms, Federal Communications Commissioner Michael O’Rielly rebuked rumblings that the agency has been taking action to singularly enable Sinclair Broadcast Group’s $3.9 billion proposed acquisition of Tribune Media Co., writing in a Friday blog post that such suggestions are a “misguided fantasy” and a “rhetorical tool” to cause divisions.

  • May 18, 2018

    Health Hires: Michael Best, Martin Clearwater, McCarter

    Michael Best & Friedrich LLP, Martin Clearwater & Bell LLP and McCarter & English LLP have all recently enhanced their health care abilities with new attorneys in Wisconsin, New York and Pennsylvania, respectively. 

  • May 18, 2018

    Williams, Enbridge Deals Signal FERC-Driven MLP Purge

    Williams Cos. and Enbridge Inc. are exiting the master limited partnership business following the Federal Energy Regulatory Commission's revocation of a key tax benefit, and experts say they won't be the only pipeline companies to ditch the MLP model for a traditional corporate structure due to FERC's policy shift.

  • May 18, 2018

    Ex-Perry Ellis CEO Proposes Board Members Amid $430M Bid

    George Feldenkreis, the former CEO of Miami-based Perry Ellis International, on Friday said he nominated four people to the company’s board of directors amid his $430 million offer to take the company he helped found private.

  • May 18, 2018

    Triton, KKR Sell Finnish Private Health Care Biz To CVC

    Funds advised by private equity giant KKR & Co. LP and investment firm Triton Investment Management Ltd. agreed to sell Finnish private health care and social services company Mehiläinen to CVC Capital Partners and a group of minority shareholders in Mehiläinen, the firms said Friday.

  • May 18, 2018

    Gibson Dunn Adds 4 Corporate, M&A Attys in DC, NY

    Gibson Dunn & Crutcher LLP has added four former Kirkland & Ellis LLP attorneys as partners in its New York and Washington, D.C., offices, in a move that will expand its corporate, mergers and acquisitions, and private equity practices, the firm said Thursday.

  • May 17, 2018

    $9.7M Valeant Payment Was Legal, Ex-Execs Argue In Closing

    Prosecutors and two health care businessmen charged with defrauding Valeant Pharmaceuticals International Inc. out of $9.7 million when it moved to buy mail-order pharmacy Philidor Rx Services LLC made their closing arguments to a Manhattan federal jury on Thursday, advancing competing views of whether Valeant was a victim or a beneficiary of Philidor’s rise.

  • May 17, 2018

    PayPal Announces Deal To Buy Sweden's iZettle For $2.2B

    PayPal Holdings Inc. announced Thursday it has agreed to pay $2.2 billion to acquire Sweden’s iZettle, a payments platform boasting nearly half a million merchants across 11 international markets, in a bid to strengthen in-store presence by acquiring the business behind the world’s first mini chip card reader.

  • May 17, 2018

    Chancery Court Denies Reversal Of $1B ETE Equity Issue

    A Delaware state court on Thursday declined to cancel a $1 billion convertible unit distribution by Kelcy Warren's Energy Transfer Equity LP, ruling that while ETE did breach its limited partnership agreement, the court lacked authority to cancel the transfer of securities.

Expert Analysis

  • Defining 'Knowledge' In A Purchase Agreement

    Kyle Gann

    A knowledge qualification is applied to representations and warranties of an M&A agreement in order to limit their scope. But understanding the precise nature of the risk allocation in a knowledge-qualified representation also requires understanding what it means for a party to have “knowledge,” say attorneys with Winston & Strawn LLP.

  • 8 Reasons To Take A Fresh Look At Your Law Office Lease

    Tiffany Winne

    After moving into a new law office, tenants often file their signed leases away, figuring that the terms are set for a few years at least. However, leases can be very flexible instruments, and should be reviewed annually even if nothing seems amiss, says Tiffany Winne of Savills Studley Inc.

  • A General Counsel's Tips For Succeeding As A New Associate

    Jason Idilbi

    Based on his experience as a BigLaw associate for six years and now as general counsel for a tech startup, Jason Idilbi of Passport Labs offers some best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.

  • Smarter, Faster, Stronger: A New Suite Of VC Model Docs

    Samuel Waxman

    For the first time in four years, the National Venture Capital Association recently updated its model legal documents. The latest drafts not only reflect the necessity for quick transactions and bespoke solutions to unique problems facing venture capital investors, but they anticipate needs that will arise in this ever-evolving industry, say attorneys with Paul Hastings LLP.

  • Series

    Judging A Book: Berzon Reviews 'We The Corporations'

    Judge Marsha Berzon

    My advice to prospective clerks will now include the suggestion that they read Adam Winkler's new book, "We the Corporations: How American Businesses Won Their Civil Rights," for the same reason I recommend taking a corporations course — appreciating the critical role of business corporations in American life and law, says Ninth Circuit Judge Marsha Berzon.

  • The Impact Of Tax Reform On Film, TV And Print Media: Part 3

    Michele Alexander

    In this third installment of their series on how the tax overhaul impacts U.S. media companies, Bracewell LLP attorneys Michele Alexander and Ryan Davis look at how the international and domestic provisions intended to bring tax dollars home have affected media companies' decisions regarding foreign versus domestic production.

  • What ABA’s Position On Harassment Means For Employers

    Minjae Song

    In the #MeToo era, the American Bar Association’s recently passed Resolution 302 is a reminder of harassment policy best practices to all employers, and it should be of particular interest to employers in the legal industry, say attorneys with Hunton Andrews Kurth LLP.

  • Practical Considerations For Litigating Proportionality

    Elizabeth McGinn

    By incorporating an explicit requirement that discovery must be “proportional to the needs of the case,” the 2015 amendments to the Federal Rules of Civil Procedure garnered much speculation as to their impact on courts’ decision-making processes. Now that the rules have been implemented for over two years, several themes have emerged, say attorneys with Buckley Sandler LLP.

  • Antitrust Concerns About Big Data May Be Overblown

    Paul Eckles

    The antitrust world has begun to take notice of the ever-growing amount of data being shared across networks and devices, resulting in calls for new laws and increased enforcement efforts. However, existing antitrust principles — when correctly applied — are sufficient to police a firm’s purported misuse of big data, say Paul Eckles and Luke Taeschler of Skadden Arps Slate Meagher & Flom LLP.

  • Supporting Nontraditional Data Types In E-Discovery

    Jason Paroff

    The advancement in connected technologies and software has created an explosion of nontraditional data sources that present challenges to e-discovery practitioners. Many tools and techniques used to process traditional data may not be practical for these new data types, say Jason Paroff and Sagi Sam of Epiq.