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Mergers & Acquisitions
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December 12, 2025
2 Firms Guide Stake Deal For Data Center Services Company
Middle market private equity firm Kohlberg will obtain a majority stake in industrial services company Loenbro LLC in a deal guided by Kirkland & Ellis LLP and Greenberg Traurig LLP, the companies announced.
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December 12, 2025
Chancery Lets Nextdoor Argue De-SPAC Suit Filed Too Late
The Delaware Chancery Court on Friday let Nextdoor Inc. and related defendants argue that investors waited too long to sue over the company's de-SPAC merger, while pausing discovery as the court considers motions that could end the case.
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December 12, 2025
MVP: Wachtell Lipton's Jake Kling
Jake Kling of Wachtell Lipton Rosen & Katz guided Global Payments' $24.25 billion acquisition of Worldpay and the PGA Tour's groundbreaking $3 billion investment from Strategic Sports Group, earning him a spot as one of the 2025 Law360 Mergers & Acquisitions MVPs.
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December 12, 2025
Taxation With Representation: Cravath, Skadden, Debevoise
In this week's Taxation With Representation, Paramount Skydance Corp. launches a hostile bid for Warner Bros. Discovery, challenging Netflix's deal to acquire the studio and streaming business, IBM acquires data streaming company Confluent, and natural gas company Antero Resources Corp. expands via a deal with HG Energy.
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December 12, 2025
UK Energy Biz Harbour To Buy Rival's Subsidiaries For $170M
British oil and gas company Harbour Energy PLC said Friday that it has agreed to acquire the rival Waldorf group, which is currently in administration, for $170 million, increasing its interests in at least two North Sea fields.
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December 12, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Shell hit with a climate change claim from 100 survivors of a typhoon in the Philippines, London Stock Exchange-listed Oxford Nanopore bring legal action against its co-founder, and the editors of Pink News sue the BBC for defamation following its investigation into alleged sexual misconduct at the news site.
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December 12, 2025
Ashurst-Led Dutch Fintech To Buy Rival For €1B
Dutch financial technology company Mollie BV has agreed to acquire GoCardless, a U.K. bank payments provider, for €1.1 billion ($1.28 billion) to create a pan-European platform for more than 350,000 merchants.
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December 12, 2025
Fasken Martineau-Led Miner Gets £842M Offer From Jiangxi
Ecuador-focused mining company SolGold said on Friday that it is "minded to" accept a revised offer from China's biggest copper producer, Jiangxi, which values it at approximately £842 million ($1.1 billion).
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December 11, 2025
FTC Challenges $725M Construction Adhesives Deal
The Federal Trade Commission filed suit Thursday in New York federal court to challenge a $725 million merger combining Loctite with Liquid Nails, arguing that joining "the clear top two brands of construction adhesives" would drive up costs for home building and improvement.
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December 11, 2025
Chancery OKs $13M Concord SPAC Deal, Delays Fee Ruling
Delaware Vice Chancellor Paul A. Fioravanti Jr. on Thursday approved a $13.08 million settlement resolving claims that Concord Acquisition Corp.'s insiders tried to divert a $20 million breakup fee to themselves after the SPAC's failed merger with cryptocurrency company Circle, but he deferred ruling on attorney fees until plaintiffs supply additional time records.
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December 11, 2025
Ga. Dorm Operator Gets Approval For Ch. 11 Sale Plan
A Delaware bankruptcy judge Thursday approved the Chapter 11 plan for the operator of the dormitories at eight Georgia public university campuses, overruling an objection to the claims releases in the plan.
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December 11, 2025
DOJ-UnitedHealth Deal Requiring Home Health Sale OK'd
A Maryland federal judge signed off on the U.S. Department of Justice settlement resolving its challenge to UnitedHealth's $3.3 billion acquisition of home health and hospice company Amedisys, under a deal requiring the sale of least 164 locations across 19 states.
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December 11, 2025
3 Firms Guide Enova's $369M Grasshopper Bank Acquisition
Fintech lender Enova International said Thursday it plans to buy digital bank Grasshopper in a $369 million deal guided by Covington & Burling LLP, Squire Patton Boggs LLP and Hogan Lovells LLP.
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December 11, 2025
4 Firms Guide PE-Backed Avocet's $500M Launch, First Deal
A new insurance-focused investment firm called Avocet Partners has been launched with the backing of a $500 million investment from Oaktree Capital Management LP and Lane42 Investment Partners LLC, Avocet announced Thursday.
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December 11, 2025
Chancery Skeptical Of B. Riley Investors' Investment Loss Suit
A vice chancellor in the Delaware Chancery Court on Thursday pressed the lawyer for a B. Riley Financial Inc. stockholder to justify Caremark oversight claims tied to the investment firm's failed bets on the Franchise Group Inc., repeatedly questioning whether the complaint plausibly alleged bad faith board inaction rather than business judgment disagreements.
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December 11, 2025
MVP: Milbank's Iliana Ongun
Milbank LLP partner Iliana Ongun spearheaded U.S. Steel's $15 billion sale to Japan's Nippon Steel Corp., along with H&E Rentals' $5.3 billion sale to Herc Holdings Inc., earning her a spot as one of the 2025 Law360 Mergers & Acquisitions MVPs.
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December 11, 2025
Sembcorp Entering Australia With $4.3B Alinta Energy Deal
Singapore's Sembcorp Industries said Thursday it has agreed to acquire Alinta Energy, marking the company's entry into the Australian power market, through a deal valued at AU$6.5 billion, or about $4.3 billion, including debt.
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December 11, 2025
4 Firms Guide As Arcline Exits Medical Tech Co. In $685M Deal
Perimeter Solutions Inc. has agreed to acquire Medical Manufacturing Technologies LLC from Arcline Investment Management for approximately $685 million in cash, including certain tax benefits.
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December 10, 2025
Boardwalk Pipeline Case Sees Partial Reversal
The Delaware Supreme Court on Wednesday partially revived long-running challenges to Loews Corp.'s 2018, $1.5 billion cash-out of Boardwalk Pipeline Partners LP, ruling that the Chancery Court misread the high court's 2022 guidance and prematurely shut down minority unitholder claims attacking the legal opinion that triggered the buyout.
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December 10, 2025
HPE Fights State AGs' Bid To Block Juniper Integration
Hewlett Packard Enterprise told a California federal court that even though it has already combined with Juniper Networks, state enforcers are seeking to temporarily break up the companies while the court mulls a U.S. Department of Justice settlement over the $14 billion wireless networking deal.
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December 10, 2025
Sports Floor Distributors Say Acquisition Cut Their Profits
A group of 16 distributors have challenged the sole ownership of two of the largest manufacturers of indoor and outdoor sports courts, saying that placing them under the same parent company created a monopoly ultimately resulting in lower sales and revenues.
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December 10, 2025
MVP: Latham's Brad Faris
Brad Faris of Latham & Watkins LLP helped guide Omnicom in its planned $13.5 billion acquisition of Interpublic, worked on a pending $34.5 billion deal as Cox Communications is acquired by Charter Communications Inc. and is leading an expected $5.75 billion deal as Lumen Technologies sells off its fiber optic network business to AT&T, earning him a spot as one of the 2025 Law360 Mergers & Acquisitions MVPs.
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December 10, 2025
Macquarie Capital Plugs $150M Into Insurance Brokerage Biz
Insurance brokerage platform Enterprise Risk Associates on Wednesday announced that it received a $150 million investment from Macquarie Capital Principal Finance that will be used to support its acquisition-driven growth strategy across insurance distribution verticals.
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December 10, 2025
Nelson Mullins Adds Former K&L Gates Partner In Pittsburgh
An attorney with more than 30 years of experience counseling clients on their investment management strategies has moved his practice to Nelson Mullins Riley & Scarborough LLP's Pittsburgh office after nearly 12 years with K&L Gates.
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December 10, 2025
Weil, Reed Smith Build WTW's Newfront Buy For Up To $1.3B
Advisory, brokerage and solutions company WTW, advised by Weil Gotshal & Manges LLP, announced Wednesday it had agreed to acquire Reed Smith LLP-led broker Newfront for up to $1.3 billion in a deal that will expand WTW's reach in the middle market and presence in technology, fintech and life sciences.
Expert Analysis
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Series
Writing Musicals Makes Me A Better Lawyer
My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.
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How Fashion, Tech Can Maximize New Small Biz Tax Breaks
Fashion and technology companies, which invest heavily in innovation, should consider taking advantage of provisions in the One Big Beautiful Bill Act that favor small businesses, restructuing if necessary to become eligible for expanded research and experimental expenditure credits and qualified small business stock incentives, says Aime Salazar at Olshan Frome.
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Series
Adapting To Private Practice: From Va. AUSA To Mid-Law
Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.
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7 Document Review Concepts New Attorneys Need To Know
For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.
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FTC Actions Highlight New Noncompete Enforcement Strategy
Several recent noncompete-related actions from the Federal Trade Commission — including its recent dismissal of cases appealing the vacatur of a Biden-era noncompete ban — reflect the commission's shift toward case-by-case enforcement, while confirming that the agency intends to remain active in policing such agreements, say attorneys at Debevoise.
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How Trump's Space Order May Ease Industry's Growth
President Donald Trump's recent executive order aimed at removing environmental hurdles for spaceport authorization and streamlining the space industry's regulatory framework may open opportunities not only for established launch providers, but also smaller companies and spaceport authorities, say attorneys at Morgan Lewis.
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FTC's Reseller Suit Highlights Larger Ticket Platform Issues
Taken together, the recent Federal Trade Commission lawsuit and Ticketmaster's recent antitrust woes demonstrate that federal enforcers are testing the resilience of antitrust and consumer-protection frameworks in an evolving, tech-driven marketplace, says Thomas Stratmann at George Mason University.
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Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.
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HSR Compliance Remains A Priority From Biden To Trump
Several new enforcement actions from the Federal Trade Commission and the U.S. Department of Justice illustrate that rigorous attention to Hart-Scott-Rodino Act compliance has become a critical component of the U.S. merger review process, even amid the political transition from the Biden to Trump administrations, say attorneys at Baker McKenzie.
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Series
Being A Professional Wrestler Makes Me A Better Lawyer
Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.
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Opportunity Zone's Future Corp. Tax Benefits Still Uncertain
Despite recent legislative enhancements to the qualified opportunity fund program, and a new G7 understanding that would exempt U.S.-parented multinationals from the undertaxed profits rule, uncertainties over future tax benefits could dampen investment interest in the program, says Alan Lederman at Gunster.
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How GILTI Reform Affects M&A Golden Parachute Planning
Deal teams should evaluate the effect of a recent seemingly technical change to U.S. international tax law on the golden parachute analysis that often plays a critical part of many corporate transactions to avoid underestimating its impact on an acquirer's worldwide taxable income following a triggering transaction, say attorneys at MoFo.
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Series
Law School's Missed Lessons: Adapting To The Age Of AI
Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.
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Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning
A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.
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Demystifying The Civil Procedure Rules Amendment Process
Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.