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Private Equity

  • October 16, 2018

    Burford Seeks Arbitration In Suit Over $50M Note's Sale

    Litigation funder Burford Capital has asked an Arizona federal court to toss or pause allegations that it undermined a former client when it sold a promissory note for well below its $50 million face value, saying the case belongs in arbitration instead.

  • October 16, 2018

    CVR Takes Another Swing At Wachtell In Icahn Takeover Case

    Following the recent dismissal of a drawn-out malpractice suit against Wachtell Lipton Rosen & Katz, CVR Energy Inc. on Monday filed a modified complaint focused on allegedly faulty U.S. Securities and Exchange Commission disclosures prepared by the firm more than six years ago.

  • October 16, 2018

    Mayer Brown Adds NY Tax Partner For Fund Practice

    Mayer Brown LLP announced Monday that a tax attorney experienced in fund formation was joining the firm as a partner in its New York City office.

  • October 16, 2018

    1,200-Room Sheraton Denver Downtown Hotel Trades Hands

    A venture of High Street Real Estate Partners and private equity shop Eagle Four Real Estate Partners has picked up a 1,231-room hotel in downtown Denver from The Chartres Lodging Group LLC, according to an announcement on Tuesday from Holliday Fenoglio Fowler LP, which brokered the deal for the seller.

  • October 16, 2018

    Deals Rumor Mill: Uber, Lyft, Tribune

    Proposals have valued Uber at a whopping $120 billion in its initial public offering, Lyft tapped JPMorgan Chase & Co., Credit Suisse and Jefferies as underwriters on its IPO, and Hicks Equity Partners is eyeing Tribune Media and its nearly four dozen TV stations.

  • October 16, 2018

    Brazilian Fintech Startup Preps $1.1B IPO Led By Davis Polk

    Brazilian digital payments processor StoneCo Ltd. on Tuesday launched an estimated $1.1 billion initial public offering, represented by Davis Polk & Wardwell LLP, hoping to capitalize on growing demand for financial technology services being provided outside of traditional banks.

  • October 16, 2018

    Sinovac Investor Can't Halt Share Issue In Board Dispute

    A federal judge declined to impose a stock injunction against Chinese biopharmaceutical firm Sinovac on Monday after a Massachusetts family and its private equity arm had argued the company was unlawfully issuing private placement shares to prevent a takeover of its board on the island of Antigua.

  • October 16, 2018

    Skadden, Cleary Steer Hanwha Solar Cell Tie-Up

    South Korea’s Hanwha Q Cells Co. Ltd. on Tuesday said majority shareholder Hanwha Solar Holdings Co. will acquire the remaining portion of the company it does not own in a deal guided by Skadden Arps Slate Meagher & Flom LLP and Cleary Gottlieb Steen & Hamilton LLP that values the solar cell manufacturer at $825 million.

  • October 16, 2018

    Instacart Receives $600M In Funding Led By D1 Capital

    Grocery delivery service Instacart received $600 million in a financing round led by investment management firm D1 Capital Partners, raising the company's valuation to $7.6 billion, the companies said on Tuesday.

  • October 16, 2018

    The Path To Becoming A Supreme Court Advocate

    A look at the careers of attorneys who have dominated oral advocacy at the U.S. Supreme Court over the last decade shows a similar path for men and women, with a few key differences. Here’s how the top 10 male and female advocates stack up. (This article is part of a series examining the gender gap among high court advocates.)

  • October 16, 2018

    Vinson & Elkins Adds Ex-Kirkland M&A Pro To New York Office

    A former partner at Kirkland & Ellis LLP with experience representing Nexstar Broadcasting Group Inc. and print and online media company Tronc Inc. in transactional matters has joined Vinson & Elkins LLP's mergers and acquisitions practice as a partner in its New York office, the firm said on Tuesday.

  • October 16, 2018

    Summit Nabs Stake In Cloud-Based Service Firm For $67M

    Summit Partners is paying $67 million to take a minority stake in Syncron, a cloud-based product solutions and after-sales service firm catering to major manufacturers in the automotive, electronics, industrial and aerospace and defense industries, the buyer said Tuesday.

  • October 15, 2018

    Nine West Creditors Ask To Sue Sycamore For LBO Losses

    The unsecured creditors of Nine West Holdings Inc. on Saturday asked a New York bankruptcy court for permission to file more than $1 billion in claims against company owner Sycamore Partners for allegedly stripping the company’s assets and sending it into Chapter 11.

  • October 15, 2018

    Gender Disparity At The High Court: How Top Law Firms Measure Up

    For the women at elite law firms, an enduring gender gap among advocates can create a high hurdle for their high court ambitions. Here, Law360 looks at the law firms where women score Supreme Court arguments, and where they don’t. (This article is part of a series examining the gender gap among high court advocates.)

  • October 15, 2018

    2nd Circ. Seems Skeptical Of Tilton Bid For D&O Insurance

    A Second Circuit panel didn’t seem convinced by businesswoman Lynn Tilton's company that Axis Insurance Co. should be made to cover up to $5 million in legal fees incurred during a Securities and Exchange Commission investigation, expressing skepticism at how Patriarch Partners LLC interpreted its directors and officers insurance policy.

  • October 15, 2018

    Deals Rumor Mill: Innovent, Lime, HNA

    Innovent Biologics wants to raise as much as $422 million when it goes public in Hong Kong, scooter and bike startup Lime has talked to investors about more funding and an at least $3.3 billion valuation, and HNA Group is looking to sell consulting and technology company Pactera.

  • October 15, 2018

    Schulte Roth Guides Veritas Capital In Learning Biz Buy

    New York-based private equity firm Veritas Capital said Monday that it has agreed to acquire Cambium Learning Group Inc. in a deal guided by Schulte Roth & Zabel LLP and Lowenstein Sandler LLP that values the educational technology solutions company at $685.2 million.

  • October 15, 2018

    DPW Holdings Helps Nab $85M Loan For Tribeca Hotel

    California-based DPW Holdings Inc. on Monday said an unnamed group it invests in has scored an $85 million loan for the construction of a 96-room luxury hotel in New York City's Tribeca neighborhood.

  • October 15, 2018

    Ropes & Gray Helps Lead $1B Purchase Of Greencore Unit

    Ropes & Gray LLP guided private equity-backed Hearthside Food Solutions on its $1.075 billion purchase of Arthur Cox-represented Greencore Group’s American refrigerated sandwich and to-go meal business, the companies said Monday.

  • October 15, 2018

    Cooler Maker Yeti Sets Sights On Renewed $400M IPO

    Texas-based Yeti Holdings Inc. on Monday said it could raise $400 million at midpoint through its initial public offering, bringing the heavy-duty cooler and insulated drinkware company closer to listing on the New York Stock Exchange after pulling an initial bid seven months ago.

Expert Analysis

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • Fortress Ruling Helps Temper Overzealous SEC Enforcement

    Perrie Weiner

    The insider trading action against certain Fortress securities traders is one more example of the U.S. Securities and Exchange Commission relying upon analytical data to pursue what may be suspicious activity. But a New Jersey federal court's recent decision in the case reinforces that suspicious trades are not enough, say attorneys with DLA Piper.

  • CFIUS Pilot Program: Immediate Investment Implications

    Ama Adams

    The Committee on Foreign Investment in the United States has announced a pilot program to review noncontrolling foreign investments in certain U.S. industries that were formerly outside the scope of its jurisdiction. This is a rapid assertion of CFIUS' new powers under the Foreign Investment Risk Review Modernization Act, say attorneys with Ropes & Gray LLP.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.

  • Q&A

    Back To School: BC's Kent Greenfield Talks Corporate Law

    Kent Greenfield

    In this series featuring law school luminaries, Boston College Law School professor Kent Greenfield reflects on his corporate law theories, his legal battle with the Pentagon over free speech and gay rights, and important constitutional law issues to watch out for.

  • Investment Firms, Beware Changing Compliance Goal Posts

    Bart Schwartz

    Private equity and hedge funds are under greater compliance scrutiny and, as a result, increased regulatory and legal exposure. The responsibilities of board members are not limited to investment performance monitoring — regulators are moving up the corporate ladder to identify wrongdoing, says Bart Schwartz of Guidepost Solutions LLC.

  • How FIRRMA Changes The Game For Tech Cos. And Investors

    Steven Croley

    The Foreign Investment Risk Review Modernization Act, signed into law in August, will significantly alter how the Committee on Foreign Investment in the United States conducts its work. Emerging technology companies, and their prospective investors, must be mindful of whether investments are now subject to CFIUS jurisdiction, say attorneys at Latham & Watkins LLP.

  • Kavanaugh Cannot Be Compelled To Recuse Himself

    Donald Scarinci

    Whether Justice Brett Kavanaugh’s prior statements may be grounds for disqualification when it comes to judging certain cases is debatable, but there are no specific recusal guidelines for the U.S. Supreme Court. The justices themselves don’t even agree on where to draw the line when it comes to perceived political bias, says Donald Scarinci, a founding partner of Scarinci Hollenbeck LLC.