Private Equity

  • February 17, 2017

    SEC, State Watchdogs To Share Info On Private Capital

    The U.S. Securities and Exchange Commission on Friday announced that it has signed an information sharing pact with a group of state securities regulators to monitor the effects of new rules for intrastate crowdfunding and regional offerings.

  • February 17, 2017

    White & Case Nabs Troutman Sanders Litigation Partner

    Global law firm White & Case LLP has hired as partner a trial lawyer from Troutman Sanders LLP who specializes in representing public and private equity firms in complex commercial litigation and intellectual property disputes, according to White & Case.

  • February 17, 2017

    Deals Rumor Mill: Kinder Morgan, DigitalGlobe, Ventas

    Kinder Morgan seeks funding for the $5.2 billion expansion of the Trans Mountain pipeline and is considering an IPO of shares in the project, MacDonald Dettwiler is nearing an up to $3 billion acquisition of earth imagery and information provider DigitalGlobe and Ventas may acquire senior living community operator Brookdale.

  • February 17, 2017

    PE CEO In Fraud Case Wants 'Bad Faith' Warrants Suppressed

    Scandal-plagued private equity CEO Benjamin Wey asked a New York federal judge Friday to suppress the fruits of two search warrants in a securities fraud and money laundering case, saying the warrants were defective and after the government seized more than it should have, it impermissibly searched electronic data years later.

  • February 17, 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 Vinson and Latham. Here, Law360 recaps the ones you might have missed.

  • February 17, 2017

    Taxation With Representation: Weil, Skadden, Kirkland

    In this week’s Taxation With Representation, Japanese telecommunications giant SoftBank Group acquires a private equity firm for $3.3 billion in cash, Hologic buys medical aesthetics company Cynosure for $1.65 billion, and a Texas oil and gas company purchases new assets in North Louisiana for $465 million.

  • February 17, 2017

    Summa Equity Secures Almost $505M For Debut Fund

    Summa Equity, a recently formed private equity firm that is based in Northern Europe and focuses on environmental, social and governance issues when making investments, said on Friday that it has clinched its debut fund with 4.5 billion Swedish krona ($504.7 million) in tow.

  • February 17, 2017

    Oil & Gas Deals Already Soaring To Record Highs In 2017

    Global oil and gas deal-making skyrocketed to record highs at the outset of 2017 as the sector forges a turnaround in the wake of a wave of price instability that spurred a series of distressed sales, experts say.

  • February 17, 2017

    Proskauer Steers £3.1B In Fund Closings For HgCapital

    Technology-focused European private equity shop HgCapital on Thursday announced that it has closed two funds worth a combined £3.1 billion ($3.85 billion), with assistance from legal counsel Proskauer Rose LLP.

  • February 17, 2017

    Unilever Blasts $143B Kraft Heinz Buyout Offer As Too Low

    London-listed Unilever spurned a $143 billion takeover approach from The Kraft Heinz Co., contending that the private equity-backed U.S. food and beverage company’s cash-and-stock offer to combine the two well-known household brands “fundamentally undervalues” the company, according to a statement on Friday.

  • February 17, 2017

    Spotify-Backed B2B Streaming Service Raises $22M In Funds

    Soundtrack Your Brand, a Spotify-backed background music streaming service, said Friday that it has raised $22 million in its latest funding round, led by Nordic venture capital fund Industrifonden, as it looks to ramp up international expansion plans.

  • February 16, 2017

    Commerzbank Tells Judge Not To Toss Wells Fargo RMBS Suit

    Commerzbank AG on Thursday urged a New York federal judge not to toss its suit alleging that Wells Fargo Bank NA failed to protect it from massive residential mortgage-backed securities losses, saying a ruling in a similar suit against Deutsche Bank National Trust Co. supports such an outcome. 

  • February 16, 2017

    Keurig Gets Vt. Securities Suit Over $14B Merger Tossed

    A Vermont federal judge on Thursday tossed a proposed class action alleging that Keurig Green Mountain Inc. misled shareholders ahead of its $13.9 billion merger with a private equity firm, saying the company didn't need to tell investors about every alternative outcome.

  • February 16, 2017

    Ex-Apax, IBM Execs' PE Firm Clinches $137M Debut Fund

    A private equity shop led by former Apax Partners and IBM employees has clinched its inaugural fund after collecting $137 million from investors, the firm said Wednesday, with plans to focus on investments in enterprise software and solutions businesses.

  • February 16, 2017

    Deals Rumor Mill: KKR, ConocoPhillips, Goldman Sachs

    KKR is mulling a sale of software company Mitchell International, ConocoPhillips is looking to sell up to $2 billion worth of Canadian conventional natural gas assets, and Goldman Sachs is nearing a $1.8 billion sale of South Korean industrial gas business Daesung.

  • February 16, 2017

    Greenberg Adds Corporate Finance Partner From Carrington

    Greenberg Traurig LLP has bolstered its corporate and securities practice with the addition to its Dallas office of a former partner from Carrington Coleman Sloman & Blumenthal LLP who is well versed in mergers and acquisitions and private equity and investment management. 

  • February 16, 2017

    Private Equity Group Of The Year: Weil Gotshal & Manges

    In a year of slowing deal flow for much of the sector, Weil Gotshal & Manges LLP's private equity group turned in a busy 2016, advising more than 130 private equity transactions valued at nearly $100 billion, earning it a spot as one of Law360’s 2016 Practice Groups of the Year.

  • February 16, 2017

    Greenberg Traurig Adds Philly Government, Corporate Pro

    Greenberg Traurig LLP said Wednesday it hired an attorney with experience handling government policy and real estate matters for its Philadelphia office, where he will bring his expertise in representing elected officials and private-sector clients in matters including casino land use and licensing disputes.

  • February 16, 2017

    Simpson Thacher Guides True Wind To $560M Fund Close

    A new private equity firm formed by former KKR & Co. LP executives that is focused on lower middle-market technology investments has closed its debut fund with nearly $560 million in tow, the company said Wednesday, with help from legal adviser Simpson Thacher & Bartlett LLP.

  • February 16, 2017

    Social Media Giant Snap Launches Eagerly Watched $3B IPO

    Snapchat maker Snap Inc. on Thursday launched the largest initial public offering of the year and biggest tech deal since Alibaba, setting terms on an IPO that could raise $3 billion and value the social media giant at $21 billion and potentially opening doors for more flashy technology startups.

Expert Analysis

  • A Snapshot Of M&A Activity In January

    Video Thumbnail

    2017 got off to a mixed start in terms of M&A activity, with the global market generally down and the U.S. market generally up. In this video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP discusses three trends related to U.S. public company mergers and other recent changes in U.S., global and sponsor-related M&A activity.

  • In Retrospect

    Relearning The Lessons Of Korematsu's Case

    Randy Maniloff

    Fred Korematsu’s U.S. Supreme Court case challenging President Franklin Roosevelt’s executive order that led to the incarceration of approximately 120,000 people of Japanese ancestry may sound like ancient history. However, Feb. 19 marks the 75th anniversary of the order's signing, and that it’s celebrating its diamond anniversary now is breathtaking timing, says Randy Maniloff of White and Williams LLP.

  • How A General Counsel Should Think About AI: Part 2

    Bruce J. Heiman

    General counsels face the challenging task of understanding how companies can navigate the rules surrounding uses of artificial intelligence. To get smart on AI, general counsels must ask the right questions about areas such as human resources, intellectual property, liability and insurance, say Bruce Heiman and Elana Reman of K&L Gates LLP.

  • How A General Counsel Should Think About AI: Part 1

    Bruce J. Heiman

    Though the Trump administration has yet to make an official statement regarding artificial intelligence, support for AI is consistent with its expressed desire to promote American business. As such, general counsel will inevitably have to navigate what big data and AI mean for compliance with current and future laws and regulations, say Bruce Heiman and Elana Reman of K&L Gates LLP.

  • Saving Lawyers 1 Less Drink At A Time

    Jennifer Gibbs

    Lawyers are likely turning to alcohol to lessen stress and anxiety, to socialize, and even to sleep better. Unfortunately, many are unaware that their nightly pour could be causing or exacerbating the anxiety that is plaguing the legal profession, says Jennifer Gibbs of Zelle LLP.

  • Opinion

    Lawyers Cannot Stay Silent While Trump Belittles The Courts

    Alexandra Wald

    This is not the first time that a president has criticized the judiciary. But what is unique about President Donald Trump's attacks is that they target not just a specific decision, but the judiciary and its decision-making power altogether. Every lawyer, regardless of political persuasion, must speak up, says Alexandra Wald of Cohen & Gresser LLP.

  • Marketing Basics For Solo Practitioners And Small Law Firms

    Matthew Horn

    There is no question that solo practitioners and small law firms need to spend the majority of time on legal work, but in order to achieve sustainable growth, marketing should not be a secondary task “put-off” until you have some free time, says Matthew Horn, founder of Legal Services Link LLC.

  • Implications Of Closing The 'Carried-Interest Loophole'

    Excerpt from Lexis Practice Advisor
    Robert D. Starin

    Politicians from both major political parties tout closing the “carried-interest loophole” as a primary aspect of their tax reform agendas. Carried-interest legislation, if enacted, would impose questions and challenges not only on private equity firms and their advisers, but on a wide array of businesses, says Robert Starin of K&L Gates LLP.

  • Why Venture Debt Is An Attractive Tool For Startups

    Samuel A. Waxman

    Startup and growth-stage companies typically rely on venture capital equity financing for their fundraising needs, but it may not be the best tool available if the objective is cash infusion. Taking on debt in the form of a venture loan may best serve companies’ cash needs while avoiding unnecessary dilution, say Samuel Waxman and Jordan Goldman of Paul Hastings LLP.

  • Law Firm Margin Improvement: The Long Game

    Jack Diggle

    For all the lessons learned since 2008, it's surprising that margin management remains so tactical, rather than an ongoing strategic endeavor, for law firms. The firms that will survive and thrive must invest in ongoing margin-improvement capability, which will combine enhanced business- and change-management skills and take a long-term view to drive out the more difficult changes, says Jack Diggle of Elevate Services Inc.