Private Equity

  • 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.

  • July 21, 2017

    Crown Castle Prices $5B In Offerings For Lightower Buy

    Shared wireless infrastructure provider Crown Castle International Corp. said Friday that it has priced concurrent offerings of $3.5 billion in common stock and $1.5 billion in mandatory convertible preferred stock in connection with its proposed acquisition of Lightower Fiber Networks.

  • July 21, 2017

    KKR Joins Venture To Invest $117M In Spanish Real Estate

    KKR & Co. LP, Altamar Capital Partners and Deutsche Finance Group have joined forces with residential real estate firm Elix to create an investment platform that will inject €100 million ($116.7 million) in Spain's residential real estate market, according to an announcement from the firms on Friday.

  • July 21, 2017

    Blackstone, CVC To Offer $3.8B For Paysafe

    Online payments processor Paysafe Group PLC said Friday that it has received a £2.95 billion ($3.8 billion) preliminary buyout proposal from capital equity firms Blackstone Group LP and CVC Capital Partners, the latest stir amid a flurry of recent deals in the payments sector.

  • July 21, 2017

    Oak Hill Closes 4th Buyout Fund At $2.65B

    Private equity firm Oak Hill Capital Partners on Friday announced it closed an oversubscribed buyout fund at $2.65 billion after significantly surpassing its $2 billion target and $2.5 billion hard cap.

  • July 20, 2017

    IRS Loss Over Foreign Profit Is Boon For US Middle Market

    A stinging loss for the Internal Revenue Service that occurred when the U.S. Tax Court rejected the agency’s 26-year-old stance on taxing foreign investor profits from partnership interest sales could simplify investment structures and encourage middle-market growth in the U.S.

  • July 20, 2017

    Entitled Insider Trader Deserves Up To 8 Years, Feds Say

    Federal prosecutors asked a New York federal court on Wednesday to imprison former MSD Capital LP analyst John Afriyie for up to eight years, saying he exemplified greed and a sense of entitlement when using inside knowledge of a $15 billion private equity buyout to turn a profit.

  • July 20, 2017

    Jones Day Adds Ex-Shearman Capital Markets Pro In Calif.

    Jones Day has added to its Silicon Valley office a capital markets partner from Shearman & Sterling LLP with experience handling a wide variety of securities offerings, mergers and acquisitions, and venture capital and private equity investments in markets such as Hong Kong, Beijing and Shanghai.

  • July 20, 2017

    Deals Rumor Mill: ADT, Cardinal Health, Adnoc

    Private equity-backed ADT may go public at a $15 billion valuation, Cardinal Health is mulling a $1.5 billion sale of its China unit, and Adnoc tapped four banks for an initial public offering of its retail unit.

  • July 20, 2017

    Kirkland Guides Summit Partners In $814M Euro Fund Close

    Private equity firm Summit Partners said Thursday that it has closed a new fund focused on investing in European companies, after hitting its hard cap by pulling in €700 million ($814 million), with guidance from Kirkland & Ellis LLP.

  • July 20, 2017

    Novacap Closes $840M Tech, Media, Telecom Fund

    Canadian private equity firm Novacap said Thursday that it has closed a new fund with $840 million, which it will use to make investments in technology, media and telecommunications companies as well as tech companies serving the energy and health care industries.

  • July 20, 2017

    How To Help PE Clients Avoid Being The Next Cyber Victim

    The potential for serious cyberattacks will continue rising in an increasingly digital world, with no sector off-limits to attackers, so it’s imperative that private equity attorneys be well-versed in the best practices to help mitigate today's cyberthreat risks and keep damage to a minimum.

  • July 20, 2017

    Ingenico Drops $1.74B On Rival Payment Firm Bambora

    French payment services company Ingenico Group said Thursday it will pay €1.5 billion ($1.74 billion) to acquire Swedish rival Bambora from private equity owner Nordic Capital Funds, in another major tie-up between payment providers in July.

  • July 19, 2017

    Deals Rumor Mill: Dalian Wanda, Univision, Global Blue

    Dalian Wanda reworked its plans to sell a series of hotels and theme parks, Univision is drawing interest from potential suitors, and private-equity-backed Global Blue is preparing to hit the sales block.

  • July 19, 2017

    5 Ways To Keep Cybersecurity Woes From Derailing A Deal

    As corporate America becomes more reliant on technology in an increasingly digital world, data breaches and other cybersecurity concerns are threatening to derail a rising number of transactions. Here, Law360 outlines five ways dealmakers can get ahead of potential cybersecurity deal-breakers.

  • July 19, 2017

    Toshiba Can Again Block Western Digital’s JV Access

    A California state court on Tuesday gave Toshiba the green light to again block Western Digital’s access to their joint venture, granting the Japanese company a stay, for the time being, of a temporary restraining order the California-based company had secured earlier this month.

  • July 19, 2017

    Private Equity Pro Joins McGuireWoods From Smith Anderson

    McGuireWoods LLP has bolstered its private equity practice with its latest addition, an attorney whose expertise centers on government-regulated and publicly traded private equity funds, debt financing, as well as deals and equity matters, the firm recently announced.

  • July 19, 2017

    Trump To Nominate Hester Peirce As SEC Commissioner

    The Trump administration is nominating Hester M. Peirce to the U.S. Securities and Exchange Commission, nearly two years after the research fellow and former Senate aide was first tapped for the vacant Republican seat, the administration announced Tuesday.

  • July 19, 2017

    Panera Shareholders Drop Remaining Merger Suits

    Three more Panera Bread Co. shareholders have agreed to drop proposed class actions in Missouri and Delaware federal court accusing the fast-casual restaurant chain of providing insufficient disclosures related to its $7.5 billion acquisition by JAB Holding, saying a June supplemental filing by the company addressed their concerns.

Expert Analysis

  • 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.

  • Equity And Incentive Compensation Plans For Startups

    Excerpt from Lexis Practice Advisor
    Jotham Stein

    To effectively advise startups, and the investors that frequently finance them, it is imperative to understand startup equity and incentive compensation structures. Jotham Stein of the Law Offices of Jotham S. Stein PC discusses common compensation practices of investor-backed, Kickstarter-funded and bootstrapped startup enterprises.

  • Weekly Column

    Innovating For Wise Juries: Matching Experts

    Stephen Susman

    In the penultimate installment of this series, Stephen Susman, Richard Lorren Jolly and Dr. Roy Futterman of the NYU School of Law Civil Jury Project answer a question on many legal analysts’ minds: What if both sides’ expert witnesses sat in a hot tub discussing the case while a jury watched?

  • Rebuttal

    The Rise Of Midsize Firms

    Ronald Shechtman

    Recently, this publication featured an op-ed in which one law firm partner contended that midsize firms will be the next casualty of the legal market, due to a supposed inability to compete with BigLaw or boutique firms for business. Though we can expect to see Am Law firms continue to lead the market in megadeals and life-or-death litigations, by all indications midsize is on the rise, says Ronald Shechtman of Pryor Cashman LLP.

  • 5 Questions To Ask Yourself Before Submitting Litigation AFA

    Gregory Lantier

    Outside counsel should be able to articulate why she is proposing an alternative fee arrangement for this matter. If the client has not requested an AFA or the case is unusually difficult to budget with accuracy, this might not be the case to propose an AFA, say attorneys with WilmerHale.

  • How Mobile Apps Can Benefit Your Practice

    Sean Cleary.jpg

    Despite the boom in mobile application development, many lawyers are still reluctant when it comes to using apps in their daily work. Attorney Sean Cleary explores the benefits and shares some recommendations for apps geared toward attorneys.

  • A Snapshot Of M&A Activity In June

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    Despite headline-grabbing deals such as Amazon's proposed acquisition of Whole Foods, overall M&A activity was down in June. Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP brings us the latest changes in U.S., global and sponsor-related M&A activity.

  • Rebuttal

    The Future Of Litigation Finance Is Analytics

    Eva Shang

    In a recent Law360 guest article, Christopher Bogart of Burford Capital LLC claimed that "while theoretically well designed to find the proverbial needle in a haystack, big data and AI currently lack the ability to do so usefully in a commercial litigation financing context." But AI can manage many of the tasks that litigation financiers would otherwise perform, says Eva Shang, co-founder of Legalist Inc.