Private Equity

  • April 23, 2018

    Deals Rumor Mill: Tencent, Techcombank, Kazakhtelecom

    Tencent Music is eyeing an initial public offering, Techcombank and its investors are set to reap $922 million in an IPO of its own, and JP Morgan and VTB Capital have been tapped to lead the international offering of Kazakhstan’s largest telecommunications company.

  • April 23, 2018

    Covington Hires Ex-Wilson Sonsini Tech Deals Pro

    Covington & Burling LLP said it has bolstered its technology transactions practice in Silicon Valley with the hire of a former longtime Wilson Sonsini Goodrich & Rosati partner who has advised on intellectual property matters in multiple billion-dollar transactions.

  • April 23, 2018

    Zohar Reaches Deal To End Dismissal, Stay Fights In Ch. 11

    The Zohar Funds told a Delaware bankruptcy judge Monday that they had reached terms with creditors and insurers to resolve a motion to dismiss the Chapter 11 cases of the debtors, eliminating the need for scheduled hearings on the matter.

  • April 23, 2018

    Construction Firm Leads 4 IPO Launches Totaling $468M

    A private equity-backed road construction firm focusing on the southeastern U.S., joined by a cybersecurity provider and two life sciences startups, launched initial public offerings on Monday that are projected to raise about $468 million total, sustaining the recent momentum of the IPO market.

  • April 23, 2018

    Latham Advises Consumer-Focused PE Firm On $152M Fund

    Monogram Capital Partners, a California-based private equity firm that focuses on consumer and retail businesses, was advised by Latham & Watkins LLP on the closing of its latest fund, which saw $152 million in commitments, the firm said on Monday.

  • April 23, 2018

    Mass. Resident Stole $7M From Duped Investors, Jury Hears

    A Massachusetts man swindled would-be investors out of nearly $7 million in a desperate attempt to pay down a staggering pile of personal bills instead of putting their money into the market as he had promised, federal prosecutors told a jury Monday.

  • April 23, 2018

    4 Firms Lead Humana's PE-Backed $1.4B Hospice Co. Buy

    Humana Inc. and two private equity firms said on Monday they have agreed to buy hospice operator Curo Health Services LLC for $1.4 billion in a deal that featured Fried Frank Harris Shriver & Jacobson LLP and Manatt Phelps & Phillips LLP guiding Humana and Debevoise & Plimpton LLP and Mintz Levin Cohn Ferris Glovsky and Popeo PC advising the private equity firms.

  • April 20, 2018

    Undoing CFPB Guidance May Yield Unintended Effects

    The U.S. Senate’s recent passage of a measure to scrap Consumer Financial Protection Bureau guidance on auto lending has been framed by supporters as a business-friendly move to rein in a rogue agency, but some experts say this use of the Congressional Review Act could lead to greater uncertainty and more regulation by enforcement.

  • April 20, 2018

    Toys R Us Fetches $235M Offer For Canadian Stores

    Toys R Us has entered into an agreement to sell its Canadian stores and assets for at least C$300 million (roughly $235 million), the bankrupt retail giant said in a court filing Thursday, stating that Toronto-based Fairfax Financial Holdings Ltd. has come in as a stalking horse bidder.

  • April 20, 2018

    Deals Rumor Mill: Walmart, Xerox, Cosco Shipping

    Walmart’s deal to buy a more than 51 percent stake in Indian e-commerce company Flipkart could come as soon as next week, Fujifilm and Xerox are working on renegotiating their $6.1 billion planned tie-up, and a deal by Cosco Shipping has sparked national security concerns.

  • April 20, 2018

    6 Firms To Guide Tech-Heavy IPO Lineup Set To Exceed $1.3B

    Six firms are set to guide companies on initial public offerings estimated to surpass $1.3 billion during the week of April 23, steering a technology-dominated lineup led by a projected $542 million offering from electronic signature company DocuSign Inc.

  • April 20, 2018

    Health Hires: Goodwin, Shook Hardy, Michael Best, Orrick

    The latest firms to expand their life sciences and health care abilities are Goodwin Procter LLP, Shook Hardy & Bacon LLP, Michael Best & Friedrich LLP, Orrick Herrington & Sutcliffe LLP, Harter Secrest & Emery LLP, Eversheds Sutherland and Cole Schotz PC.

  • April 20, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a contract dispute erupt between Russia's Sberbank and a fellow state-controlled bank in Azerbaijan, Greece's Alpha Bank sue more than a dozen Lloyd's syndicates, and underwriters and Lit Securities take on Morgan Stanley.

  • April 20, 2018

    K&L Gates, Ex-Client Agree To Toss Houston Malpractice Suit

    K&L Gates LLP and the owner of an oil and gas equipment company are both seeking the dismissal of a legal malpractice suit the executive brought against the firm and one of its partners, the parties told a state district court judge in Houston on Thursday.

  • April 20, 2018

    2 Water Island Funds Contest Barracuda $1.6B Buyout Price

    Two funds of Water Island Capital LP petitioned Delaware’s Chancery Court  late Thursday for appraisal of their Barracuda Networks Inc. stock following Barracuda's $27.55 per share, $1.6 billion, go-private acquisition by private equity Thoma Bravo in early February.

  • April 20, 2018

    Kirkland Steers GTCR’s £1B Cash Deal To Sell Callcredit

    Kirkland & Ellis LLP guided GTCR's cash deal to sell United Kingdom-based Callcredit Information Group to TransUnion for £1 billion ($1.4 billion), the private equity firm said Friday.

  • April 20, 2018

    Latham Eyes Real Estate Expansion With New Group Co-Chair

    Latham & Watkins LLP is looking to grow its real estate footprint in Europe, as well as in San Francisco and other U.S. markets, while continuing to focus in part on private equity and real estate investment trust work, the firm's newest global real estate co-chair, Michael Haas, told Law360 in a recent interview.

  • April 20, 2018

    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 Davis Polk and Ropes & Gray. Here, Law360 recaps the ones you might have missed.

  • April 19, 2018

    Logistics Co. Investor Cries Foul On Board's Control Transfer

    An investor in logistics firm Steel Connect Inc. accused its board of directors in a derivative suit filed Wednesday in Delaware of improperly issuing preferred equity to its largest shareholder, giving majority voting control to the shareholder without any compensation to minority investors.

  • April 19, 2018

    3 IPOs Tap Markets For $841M With Mixed Results

    A private equity-backed steel products company and two biotechnology firms completed initial public offerings that raised a combined $841 million after pricing deals at varying ends of the price spectrum, kicking off a busy week for IPOs with mixed results on Thursday.

Expert Analysis

  • 5 Factors Driving Private Equity In Asia

    Scott Jalowayski

    Private equity in Asia is booming, with $75.3 billion in new capital raised last year and $121.6 billion invested. Scott Jalowayski and James Jackson of Gibson Dunn & Crutcher LLP examine why PE sponsors are eager to invest and why there might still be untapped opportunities.

  • Avoiding Pitfalls In Physician Practice Acquisitions

    Excerpt from Lexis Practice Advisor
    William Eck

    The past few years have seen a resurgence in the acquisition of physician practices, both by hospitals and by private equity firms. However, acquiring a physician group carries special challenges in view of the heavy regulation of the health care provider industry, says William Eck of Seyfarth Shaw LLP.

  • Battery Supply Chain: A Unique Growth Opportunity

    Rebecca Campbell

    Battery materials and electric vehicles offer something unique to today’s commodity producers and investors: a sustainable growth story that is not just China-dependent. The exponential growth in demand is creating a scramble for resources not seen since the last great commodity supercycle, say attorneys with White & Case LLP.

  • Common Pitfalls In Cross-Border M&A

    Siegmar Pohl

    When negotiating and closing deals between U.S. and European or Asian companies, applying well-known principles of one jurisdiction can sometimes lead to unexpected outcomes in another. Siegmar Pohl and Shin Iwata of Squire Patton Boggs LLP discuss hidden liabilities, cultural differences and other surprises in cross-border mergers and acquisitions.

  • Best Practices For Building A Better Meeting

    Nicholas Cheolas

    How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.

  • 5 Ways Law Firms Are Becoming More Like Hotels

    Bella Schiro

    One way law firms differentiate themselves from the competition to attract and retain top talent is through their real estate and workplace strategies. Taking a lead from the hospitality industry can help create a more inviting, welcoming and collaborative workspace environment, says Bella Schiro of Jones Lang LaSalle Inc.

  • The Impact Of Tax Reform On Film, TV And Print Media: Part 2

    Michele Alexander

    The Tax Cuts and Jobs Act has imposed new limitations on a corporation’s ability to take advantage of net operating losses. Certain changes will disproportionately affect media companies, impacting their debt restructuring, acquisition and disposition strategies, say Michele Alexander and Ryan Davis of Bracewell LLP in New York.

  • Opinion

    Gorsuch's 1st Year Shows He Is A Conservative Activist

    Elliot Mincberg

    In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.

  • Trump Tariffs May Violate Investment Treaty Protections

    Javier Rubinstein

    Foreign companies affected by the America First tariffs should consider the extent to which such tariffs may violate their rights under applicable investment treaties or free trade agreements, and thus may provide them with recourse in international arbitration for the harm they have suffered, say Javier Rubinstein and Lauren Friedman of Kirkland & Ellis LLP.

  • Leveling The Purchase Price Adjustment Playing Field

    Jordan Weiss

    M&A contracts often set forth a detailed methodology for arriving at the actual working capital of the business at close. Notably, they almost never contemplate the failure of the buyer to deliver its calculation of working capital by the deadline, say Jordan Weiss and Jenna Newmark of Goodwin Procter LLP.