Private Equity

  • January 20, 2017

    Lynn Tilton Calls Zohar Funds Lawsuit 'Tactical Game'

    Financier Lynn Tilton on Wednesday accused three collateralized loan obligation funds she founded of playing “tactical games” when they filed a fraud lawsuit seeking judgment on their ownership after convincing her to drop a similar case in New York federal court, prompting the funds to fire back in a letter Thursday, calling her accusations “unfounded and irrelevant.”

  • January 20, 2017

    Chancery Urged To Ax Fraud Claims Over $800M Plastics Deal

    Citadel Plastics and its former private equity backers urged the Delaware Chancery Court on Friday to nix fraud claims from A. Schulman Inc., which purchased the company for $800 million, arguing the case is simply an overblown contract dispute.

  • January 20, 2017

    8 Firms To Steer IPOs Totaling $1.9B As 2017 Gets Cranking

    Eight firms will guide initial public offerings aiming to raise about $1.9 billion the week of Jan. 23, representing a wide range of issuers that could jolt a sluggish IPO market, including the year's first technology "unicorn," several private equity-backed deals, an energy offering and four biotechs.

  • January 20, 2017

    Deals Rumor Mill: ING Life, Fairfax, Cushman & Wakefield

    Private equity-backed ING Life Korea hopes to raise more than $1 billion in a 2017 IPO, Fairfax Financial is in preliminary talks to sell part of its stake in India's top private general insurer and commercial real estate services brokerage Cushman & Wakefield is mulling a public listing.

  • January 20, 2017

    Greybrook Capital Unit To Develop $30.15M Fla. Complex

    The real estate asset management and advisory services division of private equity firm Greybrook Capital will pay CA$40.165 million ($30.15 million) to acquire a plot of land in Fort Lauderdale, Florida, and develop it into two multiresidential rental towers and retail space, the firm said on Friday.

  • January 20, 2017

    PE-Backed Keane Group Raises $508M In Upsized IPO

    Advised by Schulte Roth & Zabel LLP, private-equity-backed energy company Keane Group Inc. on Friday completed the first initial public offering of 2017, with an upsized $508.4 million offering that saw the sale of 26.8 million shares at $19 apiece.

  • January 20, 2017

    Cosmetics Co. Merger Suit Settled With $5.6M For Investors

    A $5.6 million settlement to resolve class claims brought by the shareholders of Physicians Formula Holdings Inc. over an ignored merger offer in 2012 received the approval of the Delaware Chancery Court on Friday.

  • January 20, 2017

    Private RE Firm Merlone Geier Pays $170M For 2 US Malls

    California-based private real estate investment firm Merlone Geier Partners has agreed to pick up two U.S. malls from the Macerich Co. in a deal worth $170 million, the companies said Friday.

  • January 20, 2017

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

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Ropes & Gray and Davis Polk. Here, Law360 recaps the ones you might have missed.

  • January 19, 2017

    The Lawyer Who Will Shape Trump’s Presidency

    Jones Day’s Donald McGahn is stepping into the role of White House counsel, a powerful but little-understood position that has a strong history of impacting the president’s authority.

  • January 19, 2017

    In The Polarized Era Of Trump, BigLaw Searches For Balance

    The alignment of law firms with or against the new administration in legal battles to come could open rifts among attorneys and clients. But the publicity earned for taking on a potentially unpopular case could ultimately be worth any public fallout.

  • January 19, 2017

    Rolling Back Regulation In The Age Of Trump

    The incoming president’s plans to rein in the power of federal agencies will lead to uncertainty for lawyers and their clients as pending investigations and rulemaking are stopped in their tracks.

  • January 19, 2017

    Most Influential Judges On Trump’s Supreme Court Short List

    A new look at the potential U.S. Supreme Court nominees’ rulings reveals a ranking of judicial influence with some surprises at the top — and at the bottom.

  • January 19, 2017

    PE-Backed AdvancePierre Inks $338M Secondary Offering

    Private-equity-backed frozen foods maker AdvancePierre Foods Inc. priced a secondary share sale that raised $338 million Wednesday, mostly benefiting stockholder Oaktree Capital Management, taking advantage of favorable equity markets and the expiration of a lockup period that restricted share sales following its initial public offering.

  • January 19, 2017

    Deals Rumor Mill: Aon, Evry, Louis Vuitton

    Insurance broker Aon will net nearly $4.5 billion from the sale of Hewitt Associates to a private equity firm, Apax Partners is planning an initial public offering for Norwegian information technology services provider Evry, and Louis Vuitton is in talks to buy a stake in Italian eyeglass frames maker Marcolin.

  • January 19, 2017

    Rockwood Capital Closes $1B Real Estate Fund

    Real estate investment firm Rockwood Capital LLC said Wednesday that it has closed a new fund at its hard cap of $1.1 billion that will look to invest in a variety of property types in growing neighborhoods around the U.S.

  • January 19, 2017

    Blank Rome Gains Cross-Border Transaction Partner In NY

    Blank Rome LLP announced it has added a Withers Bergman LLP partner to its corporate, mergers and acquisitions, and securities group and its cross-border practice.

  • January 19, 2017

    Starwood Capital Grabs Milestone REIT In $2.85B Deal

    Starwood Capital Group said Thursday that it would buy Canadian real estate investment trust Milestone Apartments REIT in a $2.85 billion cash deal that will see the investment firm bolster its multifamily holdings in the southern United States.

  • January 18, 2017

    Indicted CEO Can't Escape Securities Fraud Charges

    A New York federal judge on Wednesday refused to toss criminal securities fraud and money laundering charges against private equity CEO Benjamin Wey, and said the court would rule on his effort to suppress evidence seized during government searches after a hearing next week.

  • January 18, 2017

    Deals Rumor Mill: Chuck E. Cheese, Cosco, OneBeacon

    Private equity-owned Chuck E. Cheese could go public this year in an IPO valuing it at around $1 billion; Chinese state-owned Cosco is in talks to buy rival Orient in a deal worth more than $4 billion; and specialty insurer OneBeacon, worth around $1.6 billion, is up for grabs.

Expert Analysis

  • Another Jurisdiction, Another Disclosure Settlement?

    Sean J. Griffith

    A year after the Delaware Chancery Court announced in Trulia that the paragon of nuisance settlements — the “disclosure only” settlement — would no longer be welcome, deal litigation is still common and, increasingly, it is avoiding Delaware. This is because of the failure of the forum-selection solution advertised in Trulia, says professor Sean Griffith of Fordham University School of Law.

  • How Litigation Funding Is Bringing Champerty Back To Life

    John H. Beisner

    While some courts have declined to apply the common-law doctrine of champerty to invalidate third-party litigation funding agreements, two recent rulings by appellate courts in New York and Pennsylvania have brought renewed attention to champerty principles, casting doubts on the legality of certain forms of third-party litigation funding, say John Beisner and Jordan Schwartz of Skadden Arps Slate Meagher & Flom LLP.

  • The Need For A Limitations Period On SEC Disgorgement Claims

    Daniel McCaughey

    The U.S. Supreme Court recently granted certiorari in U.S. Securities and Exchange Commission v. Kokesh to review whether civil enforcement claims brought by the SEC for the remedy of disgorgement are subject to any statute of limitations. Attorneys with Ropes & Gray LLP examine the significance of the statute of limitations question, especially for private equity firms.

  • Attracting And Retaining The Millennial Lawyer

    Christopher Imperiale

    Instead of trying to change the new workforce to follow a law firm's existing processes and procedures, perhaps it's time for firms to start changing their processes and procedures to better accommodate the mentality of this next generation of lawyers, says Christopher Imperiale, a law firm adviser with Berdon LLP.

  • A Snapshot Of M&A Activity In 2016

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    2016 was a strong year for M&A activity with a global deal volume of $3.71 trillion. But year-end results did not surpass the records set in 2015 as we saw fewer megadeals and a decline in global cross-border deal volume. In this short video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP looks at the top U.S. target industries and other trends in last year’s deals.

  • It’s Time To Change The Law Firm Business Model

    Lucia Chiocchio

    Every year, statistics reveal very little change in the number of women and minorities in the ranks of partnership. So how do law firms change this painfully slow rate of progress? It takes more than adding a diversity policy or a women’s leadership program to the current law firm business model, says Lucia Chiocchio, co-chair of Cuddy & Feder LLP's telecommunications and land use, zoning & development groups.

  • Amended Rule 37(e): 1 Year Later

    Samantha Southall

    After a full year in effect, the amended Federal Rule of Civil Procedure 37(e) has been tested in a variety of district courts. A sampling of these decisions reveals that courts seem to be adhering closely to the amended rule and ordering adverse inference instructions only where there was intent to deprive another party of access to relevant information, say Carrie Amezcua and Samantha Southall of Buchanan Ingersoll & Rooney PC.

  • Avoiding The Hidden Costs Of Bargain-Priced E-Discovery

    Michael Cousino

    Many organizations are interested in finding electronic discovery partners who offer tantalizingly low prices for electronic discovery services. However, unforeseen gaps, lax security practices, ignorance of global practices and delayed deliverables can all add up to a surprisingly large final cost, says Michael Cousino of Epiq Systems.

  • Why Anti-Corruption Due Diligence Is Important In M&A

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    When acquiring and investing in companies, it is critical to evaluate and mitigate the risk of both previous and future violations of the Foreign Corrupt Practices Act. Mark Mendelsohn and Peter Jaffe of Paul Weiss Rifkind Wharton & Garrison LLP discuss unique challenges for investors and essential considerations for mergers and acquisitions.

  • Saving Lawyers 1 Breath At A Time: Mindfulness In The Law

    Jennifer Gibbs

    As critical as lawyers are to society, they are reported to be the most frequently depressed occupational group in the United States. In response to the inherently stressful nature of the practice of law, more and more lawyers are turning to an ancient contemplative practice called “mindfulness,” says Jennifer Gibbs of Zelle LLP.