Private Equity

  • October 19, 2021

    6 Firms Rep Quartet Of Blank-Check Cos. Raising $561M

    Four blank-check companies targeting industries such as technology, blockchain and financial technology began trading on the Nasdaq on Tuesday after raising a combined $561 million in initial public offerings guided by six law firms.

  • October 19, 2021

    Cleary-Led Chipmaker Leads Four IPO Launches Totaling $4B

    Cleary-led semiconductor company GlobalFoundries Inc. set a price range Tuesday for an estimated $2.4 billion initial public offering, one of four companies to launch plans on IPOs that could raise $4 billion combined next week.

  • October 19, 2021

    KKR Inks $1.1B Deal For Kobalt Capital Music Portfolio

    KKR will pay roughly $1.1 billion to buy a music portfolio from Kobalt Capital featuring the rights to more than 62,000 songs in pop, rock and other genres, in a transaction written by Latham, DLA Piper and Manatt Phelps, the companies said Tuesday.

  • October 19, 2021

    Fintech Co. Pismo Grabs $108M In Series B

    Pismo, a cloud-native digital banking platform based in Brazil, announced on Tuesday that it raised $108 million in a funding round led by SoftBank, Accel and Amazon.

  • October 19, 2021

    Dentons Adds 2 Ex-Wilson Sonsini Tech Lawyers

    Dentons has snagged another technology lawyer from Wilson Sonsini Goodrich & Rosati PC, its second acquisition from the firm in two months, the firm announced Monday.

  • October 19, 2021

    GLP's $2.75B Japan Real Estate Fund Breaks Record

    The largest-ever Japanese private real estate fund has brought in about $2.75 billion (311 billion yen) in commitments for its still ongoing fundraising, its backer Singapore logistics firm GLP said Tuesday.

  • October 19, 2021

    Delivery Hero Leads Nearly $1B Funding For Peer Gorillas

    Delivery Hero plans to buy a minority stake in fellow German online food ordering company Gorillas Technologies GmbH as part of a nearly $1 billion funding round for the European grocery delivery app developer, the companies said Tuesday.

  • October 18, 2021

    O'Melveny Snags Top Entertainment Atty From Manatt Phelps

    O'Melveny & Myers LLP has added one of the entertainment industry's most preeminent deal-makers to its Century City, California, office, bringing aboard the former leader of the entertainment group at Manatt Phelps & Phillips LLP, the firm announced Monday.

  • October 18, 2021

    Orrick-Led Deel Lands $5.5B Valuation For Series D

    Deel, which provides an online platform for companies to make hires and handle payroll, said Monday its valuation more than quadrupled in just six months to $5.5 billion as part of its Series D funding round.

  • October 18, 2021

    Informatica Plans $8.3B Valuation In Public Markets Return

    Data analytics company Informatica detailed plans Monday for its return to the public markets after a six-year hiatus, in an initial public offering guided by Wilson Sonsini Goodrich & Rosati PC and underwriters' counsel Fenwick & West LLP that values the group at more than $8.3 billion.

  • October 18, 2021

    Cancer-Focused Biotech Xilio Joins Packed IPO Pipeline

    Cancer-focused biotechnology firm Xilio Therapeutics Inc. launched plans on Monday to conduct an estimated $125 million initial public offering, joining a packed pipeline of up to 13 operating companies planning to go public this week, potentially exceeding $2 billion in proceeds.

  • October 18, 2021

    Mobile Bank N26 Vaults To Over $9B Valuation With Series E

    German mobile banking platform N26, advised by Freshfields Bruckhaus Deringer LLP and Osborne Clarke LLP, said Monday it raised $900 million in a Series E funding round and surpassed a $9 billion valuation, calling the investment round the largest to date for a European digital bank.

  • October 18, 2021

    Kirkland, Willkie Pilot Blue Owl's Up To $1.6B Bid On RE Firm

    Asset management firm Blue Owl, steered by Kirkland, said Monday that it plans to grab Willkie-led Oak Street, a real estate investment firm, for up to $1.6 billion.

  • October 18, 2021

    3 Firms Guide €709M Deal For Silver Lake Stake In Euroclear

    Technology-focused private equity firm Silver Lake, led by Simpson Thacher and Loyens & Loeff, said Monday it's buying a nearly 10% stake in financial market infrastructure company Euroclear Holding NA/SV from Stibbe-guided Intercontinental Exchange Inc. for €709 million (about $824 million).

  • October 18, 2021

    Mayer Brown Hires Former Oil Co. GC In Houston

    Mayer Brown LLP has expanded its energy transactions team in Houston with the addition of an attorney who spent over three years as general counsel of an oil and gas exploration company.

  • October 18, 2021

    Ares Management Amasses $5.1B For 2nd Junior Debt Fund

    Ares Management Corp. has wrapped up its second junior capital lending fund after raising $5.1 billion from limited partners, the private equity firm said Monday, with plans to provide financing for upper middle market companies based in North America.

  • October 18, 2021

    3 Firms Drive $2.5B PE-Backed IT Services Co. Buy

    CDW Corp. will pay $2.5 billion in cash to pick up private equity-backed information technology company Sirius Computer Solutions, the companies said Monday, in a transaction put together by legal advisers Sidley, Kirkland and Debevoise.

  • October 15, 2021

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

    This past week in London has seen another Italian region in a lawsuit over derivatives contracts, the U.K.'s high-speed railway project facing a fresh legal challenge, and a British chain of discount retail stores suing Shoosmiths. Here, Law360 looks at those and other new claims in the U.K.

  • October 15, 2021

    Don't Miss It: Saul Ewing, Cooley Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Saul Ewing and Cooley. Here, Law360 recaps the ones you may have missed.

  • October 15, 2021

    Latham-Led Orthopedics Firm Leads 2 IPOs Totaling $165M

    Latham-led orthopedic implant maker Paragon 28 Inc. rallied in debut trading Friday after the medical device company priced a $125 million initial public offering, joined by cancer-focused biotechnology firm Mink Therapeutics Inc.'s $40 million IPO.

  • October 15, 2021

    5 SPACs Hit Public Markets For $875M Total

    Five special-purpose acquisition vehicles, steered by nine law firms, went public Friday after raising $875 million combined in initial public offerings, aiming to target companies for mergers in industries including technology, health care and cannabis.

  • October 15, 2021

    3 Firms Construct SPAC Deal For $2.6B Philippines Casino

    The parent of Philippines-based casino and luxury resort Okada Manila will merge with a special-purpose acquisition vehicle in a transaction that features an enterprise value of $2.6 billion and was built by Baker McKenzie, Milbank and Schulte Roth, the companies said Friday.

  • October 15, 2021

    Alston Real Estate Leader Sees More Fundraising Competition

    While Blackstone has dominated the real estate fundraising space for years, a new wave of entrants seeking returns in commercial real estate is likely to chip into some of its market share, one of Alston & Bird LLP's real estate leaders told Law360 in a recent interview.

  • October 15, 2021

    Goodwin Snags Another Litigator From Manatt In SoCal

    Goodwin Procter LLP nabbed another litigation partner from Manatt Phelps & Phillips LLP to join its Santa Monica office, continuing to bolster its West Coast litigation offerings.

  • October 15, 2021

    Starwood Snags More Than $10B For New Real Estate Fund

    Starwood Capital Group has wrapped up its 12th opportunistic real estate fund after hitting its hard cap with more than $10 billion in capital commitments from limited partners, representing the largest fundraise in firm history, Starwood said Friday.

Expert Analysis

  • Preparing Remote Deposition Defenses For Corporate Entities

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    As remote depositions will remain common for the foreseeable future, attorneys defending a deposition notice or subpoena to a corporation should implement certain strategies to mitigate unique challenges, such as less planning time and increased difficulty of establishing rapport with witnesses, say attorneys at Sidley.

  • Opinion

    Opportunity Zone Regulations Require More Fine Tuning

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    Problems with the latest revisions to the qualified opportunity zone investment rules reinforce a recurring theme of regulatory hiccups that may prevent investors and communities from actualizing the program's potential benefits, unless we have more guidance, says Mitchell Goldberg at Berger Singerman.

  • FTC's New Approach Creates Challenges For M&A Deals

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    The Federal Trade Commission's recently announced shift in how it will review proposed mergers and acquisitions is part of a broader trend toward increased, social policy-oriented antitrust enforcement, so parties should prepare for longer, more expansive FTC reviews and greater regulatory risks, say attorneys at Fried Frank.

  • Avoiding Fraudulent Transfer Liability In Leveraged Buyouts

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    In a record-setting year for leveraged buyouts, private equity firms should look to 2007 — the previous record year for acquisitions — for lessons in avoiding fraudulent transfer claims in potential target bankruptcies, which could unravel the current boom, say attorneys at Reed Smith.

  • Perspectives

    Why Law Schools Should Require Justice Reform Curriculum

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    Criminal defense attorney Donna Mulvihill Fehrmann argues that law schools have an obligation to address widespread racial and economic disparities in the U.S. legal system by mandating first-year coursework on criminal justice reform that educates on prosecutorial misconduct, wrongful convictions, defense 101 and more.

  • Girardi Scandal Provides Important Ethics Lessons

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    The litigation and media maelstrom following allegations that famed plaintiffs attorney Thomas Girardi and his law firm misappropriated clients' funds provides myriad ethics and professional responsibility lessons for practitioners, especially with regard to misconduct reporting and liability insurance, says Elizabeth Tuttle Newman at Frankfurt Kurnit.

  • Series

    Embracing ESG: Jabil GC Talks Compliance Preparation

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    Tried-and-true compliance lessons from recent decades can be applied to companies’ environmental, social and governance efforts, especially with regard to employee training and consistent application of policies — two factors that can create a foundation for ESG criteria to flourish, says Robert Katz at Jabil.

  • Upshots Of Del. Holding On Appraisal Rights Waivers In M&A

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    The Delaware Supreme Court's recent Manti v. Authentix holding offers key takeaways clarifying the enforceability of the dual approach of appraisal waivers and drag-along rights, to keep common stockholders in check in a merger or stock sale, while also framing the contexts in which these waivers might not be enforceable, say attorneys at Troutman Pepper.

  • 3 Ways CLOs Can Drive ESG Efforts

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    Chief legal officers are specially trained to see the legal industry's flaws, and they can leverage that perspective to push their companies toward effective environmental, social and governance engagement, says Mark Chandler at Stanford Law School.

  • How Law Firms Can Rethink Offices In A Post-Pandemic World

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    Based on their own firm's experiences, Kami Quinn and Adam Farra at Gilbert discuss strategies and unique legal industry considerations for law firms planning hybrid models of remote and in-office work in a post-COVID marketplace.

  • Opinion

    PTAB Revision Bill Offers US Makers Much-Needed Protection

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    A bipartisan Senate bill that would restore reliable access to patent validity review at the Patent Trial and Appeal Board, ensuring that rewards flow to innovators and protecting American manufacturers against the depredations of hedge funds, deserves Congress' support, says former USPTO acting director Joseph Matal, now at Haynes and Boone.

  • NYC Fair Chance Act Updates Challenge Finance Employers

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    Financial institutions may struggle to reconcile industry regulators’ criminal background check requirements for job applicants with new restrictions imposed by New York City’s Fair Chance Act amendments, but certain best practices can help employers in this arena balance their competing obligations, say Tyler Hendry and Pamela K. Terry at Herbert Smith.

  • Series

    Embracing ESG: Baker Hughes CLO Talks Sustainability Team

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    For businesses focused on addressing environmental, social and governance considerations, a legal team that can coordinate sustainability efforts across the company can help to manage risk and compliance issues, anticipate and prepare for change, and identify new opportunities, says Regina Jones at Baker Hughes.

  • What Mainstreaming Of Litigation Finance Means For Industry

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    The rush of new capital and investors into the litigation funding space is expected to bring heightened competition on price and other key deal terms, but litigants will need to be more in tune with individual financiers' proclivities, says William Weisman at Therium Capital Management.

  • What 9th Circ. Privilege Test Means For Dual-Purpose Advice

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    While the Ninth Circuit's recent ruling in In re: Grand Jury confirms that courts should use the primary-purpose test to determine whether communications with both legal and business purposes are shielded by the attorney-client privilege, questions on the application of the test remain, says Scott Tenley at Michelman & Robinson.

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