The group of big-name Chinese companies looking to back telecom firm China Unicom continues to grow, Bombardier and Siemens are in the final stages of talks about combining their rail businesses, and Blackstone is pursuing RLJ Lodging.
With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Fenwick & West and Cleary Gottlieb. Here, Law360 recaps the ones you might have missed.
Shared wireless infrastructure provider Crown Castle International Corp. said Friday that it has priced concurrent offerings of $3.5 billion in common stock and $1.5 billion in mandatory convertible preferred stock in connection with its proposed acquisition of Lightower Fiber Networks.
KKR & Co. LP, Altamar Capital Partners and Deutsche Finance Group have joined forces with residential real estate firm Elix to create an investment platform that will inject €100 million ($116.7 million) in Spain's residential real estate market, according to an announcement from the firms on Friday.
Online payments processor Paysafe Group PLC said Friday that it has received a £2.95 billion ($3.8 billion) preliminary buyout proposal from capital equity firms Blackstone Group LP and CVC Capital Partners, the latest stir amid a flurry of recent deals in the payments sector.
Private equity firm Oak Hill Capital Partners on Friday announced it closed an oversubscribed buyout fund at $2.65 billion after significantly surpassing its $2 billion target and $2.5 billion hard cap.
A stinging loss for the Internal Revenue Service that occurred when the U.S. Tax Court rejected the agency’s 26-year-old stance on taxing foreign investor profits from partnership interest sales could simplify investment structures and encourage middle-market growth in the U.S.
Federal prosecutors asked a New York federal court on Wednesday to imprison former MSD Capital LP analyst John Afriyie for up to eight years, saying he exemplified greed and a sense of entitlement when using inside knowledge of a $15 billion private equity buyout to turn a profit.
Jones Day has added to its Silicon Valley office a capital markets partner from Shearman & Sterling LLP with experience handling a wide variety of securities offerings, mergers and acquisitions, and venture capital and private equity investments in markets such as Hong Kong, Beijing and Shanghai.
Private equity-backed ADT may go public at a $15 billion valuation, Cardinal Health is mulling a $1.5 billion sale of its China unit, and Adnoc tapped four banks for an initial public offering of its retail unit.
Private equity firm Summit Partners said Thursday that it has closed a new fund focused on investing in European companies, after hitting its hard cap by pulling in €700 million ($814 million), with guidance from Kirkland & Ellis LLP.
Canadian private equity firm Novacap said Thursday that it has closed a new fund with $840 million, which it will use to make investments in technology, media and telecommunications companies as well as tech companies serving the energy and health care industries.
The potential for serious cyberattacks will continue rising in an increasingly digital world, with no sector off-limits to attackers, so it’s imperative that private equity attorneys be well-versed in the best practices to help mitigate today's cyberthreat risks and keep damage to a minimum.
French payment services company Ingenico Group said Thursday it will pay €1.5 billion ($1.74 billion) to acquire Swedish rival Bambora from private equity owner Nordic Capital Funds, in another major tie-up between payment providers in July.
Dalian Wanda reworked its plans to sell a series of hotels and theme parks, Univision is drawing interest from potential suitors, and private-equity-backed Global Blue is preparing to hit the sales block.
As corporate America becomes more reliant on technology in an increasingly digital world, data breaches and other cybersecurity concerns are threatening to derail a rising number of transactions. Here, Law360 outlines five ways dealmakers can get ahead of potential cybersecurity deal-breakers.
A California state court on Tuesday gave Toshiba the green light to again block Western Digital’s access to their joint venture, granting the Japanese company a stay, for the time being, of a temporary restraining order the California-based company had secured earlier this month.
McGuireWoods LLP has bolstered its private equity practice with its latest addition, an attorney whose expertise centers on government-regulated and publicly traded private equity funds, debt financing, as well as deals and equity matters, the firm recently announced.
The Trump administration is nominating Hester M. Peirce to the U.S. Securities and Exchange Commission, nearly two years after the research fellow and former Senate aide was first tapped for the vacant Republican seat, the administration announced Tuesday.
Three more Panera Bread Co. shareholders have agreed to drop proposed class actions in Missouri and Delaware federal court accusing the fast-casual restaurant chain of providing insufficient disclosures related to its $7.5 billion acquisition by JAB Holding, saying a June supplemental filing by the company addressed their concerns.
Despite more focus and investment, the numbers continue to show little progress in advancing women to the top tiers of firm leadership. Considering the irreversible nature of the transformation of the market for top talent, it is time to start experimenting and innovating from the core, rather than from the periphery, say Anusia Gillespie and Scott Westfahl of Harvard Law School.
It can be challenging for midsize law firms to develop an enterprise cybersecurity program that mitigates the eminent threat of data breach and meets the regulatory and compliance requirements of the firm and its clients. This challenge becomes daunting when considering the steady rise in client audits, say K. Stefan Chin of Peckar & Abramson PC and John Sweeney of Logicforce.
In his first public speech as U.S. Securities and Exchange Commission chairman, Jay Clayton pretty explicitly told us where we’re going to see changes, say Thomas Zaccaro and Nicolas Morgan, former SEC trial counsel now with Paul Hastings LLP.
To effectively advise startups, and the investors that frequently finance them, it is imperative to understand startup equity and incentive compensation structures. Jotham Stein of the Law Offices of Jotham S. Stein PC discusses common compensation practices of investor-backed, Kickstarter-funded and bootstrapped startup enterprises.
In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?
Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.
Outside counsel should be able to articulate why she is proposing an alternative fee arrangement for this matter. If the client has not requested an AFA or the case is unusually difficult to budget with accuracy, this might not be the case to propose an AFA, say attorneys with WilmerHale.
Despite the boom in mobile application development, many lawyers are still reluctant when it comes to using apps in their daily work. Attorney Sean Cleary explores the benefits and shares some recommendations for apps geared toward attorneys.
Despite headline-grabbing deals such as Amazon's proposed acquisition of Whole Foods, overall M&A activity was down in June. Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP brings us the latest changes in U.S., global and sponsor-related M&A activity.
In a recent Law360 guest article, Christopher Bogart of Burford Capital LLC claimed that "while theoretically well designed to find the proverbial needle in a haystack, big data and AI currently lack the ability to do so usefully in a commercial litigation financing context." But AI can manage many of the tasks that litigation financiers would otherwise perform, says Eva Shang, co-founder of Legalist Inc.