Private Equity

  • July 25, 2017

    Deals Rumor Mill: SoftBank, Toshiba, HNA Group

    SoftBank is looking to make a multibillion-dollar investment in Uber, Toshiba's board will meet to discuss the sale of Toshiba's memory business, and HNA Group has tapped an investment bank for the U.S. IPO of a Beijing-based IT outsourcing firm it owns.

  • July 25, 2017

    Barnes & Noble Urged By Activist Sandell To Mull Sale

    Activist investor Sandell Asset Management Corp. revealed a stake Tuesday in Barnes & Noble Inc., calling for the “unconscionably” undervalued book retailer to consider going private as it would likely make a prime target for internet or media companies or private equity sponsors.

  • July 25, 2017

    $5B Parexel Take-Private Deal Incites Investors

    Pamplona Capital Management LLP's plans to take biopharmaceutical services provider Parexel International Corp. private sparked a Massachusetts federal lawsuit Monday alleging the $5 billion deal is unfair to investors.

  • July 25, 2017

    Stada Boards Back Sweetened €4.12B Bain, Cinven Buyout

    German pharmaceutical company Stada Arzneimittel AG on Tuesday encouraged shareholders to accept a sweetened €4.12 billion ($4.8 billion) takeover offer from Bain Capital and Cinven, after an earlier buyout offer from the private equity shops failed to secure enough shareholder support to move forward.

  • July 24, 2017

    Wells Fargo Fights Investor's Class Cert. Bid In RMBS Suit

    Wells Fargo Bank NA has slammed a bid for class certification from an investor suing the bank over its alleged failures as trustee of two residential mortgage-backed securities trusts, telling a New York federal court on Monday that the proposed class is unworkable.

  • July 24, 2017

    Partners Group Buys IT Services Firm Civica In $1.3B Deal

    Swiss asset manager Partners Group said Monday that it has agreed to buy information technology services provider Civica from an affiliate of the Ontario Municipal Employees Retirement System in a deal valuing the company at just over £1 billion ($1.3 billion), including debt.

  • July 24, 2017

    $425M DSI Renal Ch. 7 Recovery Suit Can Proceed

    The court-appointed trustee of defunct DSI Holdings LLC can pursue a $425 million suit against insiders and investors in the dialysis provider who he says abused the bankruptcy process to cheat creditors out of proceeds from the company’s lucrative sale, as a Delaware bankruptcy court mostly denied requests last week to toss the case.

  • July 24, 2017

    Deals Rumor Mill: Spotify, UPL, Nestle

    Spotify is nearing a royalty deal that's needed before it seeks a U.S. IPO, India's UPL may lob a competing bid for Platform Specialty Products' agrochemical business, and private equity-backed Ferrara Candy is seen as a potential suitor for Nestle's U.S. candy business.

  • July 24, 2017

    Pigments Maker Venator Sets Terms For $447M Spinoff IPO

    Pigments manufacturer Venator Materials PLC on Monday said it expects to receive approximately $477 million as a midrange yield for a total of 22.7 million ordinary shares in its initial public offering, as the company heads toward a spinoff from parent Huntsman Corp.

  • July 24, 2017

    Simpson Thacher Leads KKR In $2.8B WebMD Buyout

    KKR, led by Simpson Thacher, inked a $2.8 billion deal for WebMD through a portfolio company, after the online platform for health information services began exploring its strategic options earlier this year, in one of the buyout firm’s two deals unveiled Monday.

  • July 24, 2017

    ARI Investors Sue Over Info Missing From $140M Sale

    A proposed class of shareholders for ARI Network Services Inc. launched a lawsuit in Wisconsin federal court, accusing the software tools and marketing services provider of leaving out key information in disclosures related to the company’s $140 million sale to private equity firm True Wind Capital Management LLC.

  • July 24, 2017

    Navigating The PE Industry's Push Into Emerging Markets

    The assets held by private equity funds focused on investments in emerging markets have increased dramatically over the last decade, and attorneys interested in capitalizing on the industry's quest to find value in uncommon places need to be aware of the trends and risks involved.

  • July 21, 2017

    The Best Law Firms For Female Partners

    Although women have made some strides toward gender parity in the lower ranks of law firms, breaking into the equity tier remains elusive. These 20 firms, however, are leaders in advancing equality at the top, earning them the designation of Law360 Ceiling Smasher.

  • July 21, 2017

    The Best Law Firms For Female Attorneys

    While the legal industry continues to struggle with gender parity, this year’s Glass Ceiling Report shows that some firms are ahead of the rest. Here, Law360 reveals its third annual ranking of the best law firms for female attorneys, based on their representation of women at the nonpartner and partner levels.

  • July 21, 2017

    The 2017 Law360 Glass Ceiling Report

    U.S. law firms have long been overwhelmingly dominated by men, particularly at the partnership level, and Law360’s latest Glass Ceiling Report shows that recent progress has been — at best — only incremental.

  • July 21, 2017

    How 4 Firms Are Moving The Needle On Gender Diversity

    A handful of law firms of various sizes and types are outpacing their peers on including women in their ranks. Here’s why four of them are positioned toward the front of the pack.

  • July 21, 2017

    Could An NFL Diversity Rule Be A BigLaw Game-Changer?

    In a bid to elevate more women to positions of authority, law firms are taking a page from the National Football League's playbook.

  • July 21, 2017

    BigLaw Bias Suits New Wild Card In Fight For Gender Equity

    As gender bias suits pile up against law firms, it remains to be seen how they will impact recruiting in the industry. But some legal experts say firm leaders may want to look at the complaints as blueprints for change.

  • July 21, 2017

    Deals Rumor Mill: China Unicom, Bombardier, RLJ Lodging

    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.

  • July 21, 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 Fenwick & West and Cleary Gottlieb. Here, Law360 recaps the ones you might have missed.

Expert Analysis

  • Financial Covenants In Project Financing: Key Points

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    Project finance lenders typically require that borrowers agree to financial covenants in loan agreements, prescribing the parameters within which the business venture may operate. These covenants and related provisions are often highly negotiated, and reflect the ultimate confidence of the parties in the financial success of the project, say Emeka Chinwuba and Laura Pettinelli of Norton Rose Fulbright LLP.

  • 5 Questions Firms Should Ask When Evaluating Litigation AFA

    Gregory Lantier

    Law firm management should understand the client’s reasons for requesting an alternative fee arrangement, and whether approving the fee will help grow the relationship with the client, say attorneys with WilmerHale.

  • For Law Firm Offices, Business Savvy Is The New Cool

    Craig Braham

    Having embraced the notion that the right space can reinforce the right firm culture, law firm leaders have been evaluating real estate primarily for its physical properties. However, It's hard to be collegial, even in the coolest of in-house coffee bars, if your cost structure is untenable, says Craig Braham of Advocate Commercial Real Estate Advisors LLC.

  • How To Avoid Portfolio Co. Valuation Risks

    Joshua Newville

    For private fund advisers that are registered with the U.S. Securities and Exchange Commission, valuation will always be a key component of any exam. Over the past year, the SEC has requested information from mutual fund companies about how they value private technology companies, looking for discrepancies, say attorneys with Proskauer Rose LLP.

  • The Best Documents In Your Case May Be From 3rd Parties

    Wyatt Dowling

    Cases are built on evidence and evidence comes from discovery. But discovery is largely a voluntary process. Serving a document subpoena on a third party can be an efficient and creative way to fill in the gaps that may exist in the productions of opposing parties, says Wyatt Dowling of Yetter Coleman LLP.

  • Planning A Legal Career With A Future Relocation In Mind

    Jacqueline Bokser LeFebvre

    Lawyers move to New York City to work on some of the most sophisticated work the legal market has to offer. This exposure and experience is an amazing asset and many of the skills developed will make associates very marketable in the event they consider relocating to another market. However, this isn’t always the case, says Jacqueline Bokser LeFebvre of Major Lindsey & Africa.

  • 4 Female Perspectives On BigLaw Leadership

    Regina Pisa

    Only a handful of the largest U.S. law firms are led by women. Here, in their own words, are perspectives from Shook Hardy & Bacon Chair Madeleine McDonough, Crowell & Moring Chair Angela Styles, Morgan Lewis & Bockius Chair Jami Wintz McKeon and Goodwin Procter Chair Emeritus Regina Pisa.

  • The Elephant In The Room: Advancing Women To Partnership

    Anusia Gillespie

    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.

  • How Midsize Law Firms Can Minimize Cybersecurity Threats

    K. Stefan Chin

    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.

  • Clayton Speech Signals New Tone At The Top

    Nicolas Morgan

    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.