Hogan Lovells said Monday it has guided digital data and content company Adobe Systems Inc. in a deal to acquire e-commerce platform Magento Commerce from global private equity firm Permira in an all-cash $1.68 billion transaction.
A settlement reached among key players Monday in the Delaware Chapter 11 cases of the Zohar Funds will pause active litigation between the parties for 15 months and will see founder Lynn Tilton largely step aside from running the funds in favor of an independent director.
The long-running bankruptcy case of trucking firm Jevic Holding Corp. will convert to a Chapter 7 liquidation after a Delaware judge denied approval Monday of the latest proposed settlement floated by the company and its creditors to dismiss the case.
Private equity firm Nordic Capital on Monday said it has closed its latest fund with €4.3 billion ($5.1 billion) in commitments from a mix of new and returning investors.
Hitachi Automotive hopes to buy Elliott Management’s stake in Italian rail-signaling business Ansaldo STS, U.S. and European institutional investors are in talks to buy small stakes in Pakistan’s Meezan Bank, and Kuwait Energy is mulling the sale of an oil and gas field in southern Iraq.
Activist shareholder Carl Icahn hit AmTrust Financial Services Inc. with a suit in Delaware Chancery Court on Monday claiming its proposed $2.7 billion go-private deal undervalues the insurance giant while financially benefiting the family at its helm, saying the record backing the merger price has been manipulated.
Switzerland-based Partners Group, led by Ropes & Gray LLP, will snap up Apax Partners' stake in GlobalLogic in a deal that values the digital product engineering services provider at more than $2 billion, with plans to help the company grow its services in Europe.
Roper Technologies Inc. has agreed to buy private equity-backed PowerPlan Inc., which provides accounting, tax and capital budgeting services to industries including oil and gas, telecom, and transportation, in an all-cash deal worth $1.1 billion, the companies said Monday.
Winston & Strawn LLP has hired two partners in California with strong private equity and mergers and acquisitions experience from Katten Muchin Rosenman LLP, including one who headed up that firm's Los Angeles corporate practice and previously presided over a private investment company, the firm announced.
Simpson Thacher & Bartlett LLP on Monday said it guided Blackstone's $4.8 billion deal for real estate investment trust LaSalle Hotel Properties, the fourth multibillion-dollar real estate deal the New York City-based firm has steered for the private equity giant since the start of the year.
London-headquartered data and analytics firm IHS Markit Ltd. has agreed to buy private equity-backed banking software provider Ipreo Holdings LLC for $1.86 billion, in a deal guided by Davis Polk & Wardwell LLP and Weil Gotshal & Manges LLP, according to a Monday statement.
The U.S. Securities and Exchange Commission asked an Illinois federal judge Thursday to sign off on settlements it reached with two men facing parallel criminal charges over alleged insider trading that occurred ahead of Life Time Fitness Inc.’s $2.8 billion private equity buyout in 2015.
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 Simpson Thacher & Bartlett LLP and Ropes & Gray LLP. Here, Law360 recaps the ones you may have missed.
China is growing on Qualcomm’s $44 billion proposed takeover of NXP Semiconductors, BMC Software Inc. tapped Goldman Sachs and Credit Suisse to aid a sale, and Kazakhstan wants to sell one-quarter of its state-owned uranium importer and exporter.
In this week’s Taxation with Representation, gas pipeline operator Williams swallowed up its master limited partnership Williams Partners for $10.5 billion, Enbridge acquired several of its sponsored vehicles for $8.9 billion, EQT merged its hearing aid business with Widex A/S for $8.3 billion and Zoetis snapped up Abaxis for $2 billion.
The co-founder and an early investor of Energy Efficient Equity Inc., a company that provides financing for energy and water savings home improvements, have filed a suit against a venture capital fund and its officers alleging the company used a $5 million loan to push them out, according to a complaint made public Friday in Delaware state court.
As major private equity firms consider converting from a partnership to a corporation to take advantage of new U.S. tax laws, here are some factors attorneys must be prepared to discuss with their PE clients about when a conversion might make sense and what risk comes with a change in corporate tax status.
The agency tasked with collecting taxes in Denmark filed three suits in Massachusetts federal court on Friday claiming Bay State-based pension plans were part of a massive multinational fraud scheme to dupe the Danish government out of $2.1 billion in reimbursed taxes.
Funds advised by private equity giant KKR & Co. LP and investment firm Triton Investment Management Ltd. agreed to sell Finnish private health care and social services company Mehiläinen to CVC Capital Partners and a group of minority shareholders in Mehiläinen, the firms said Friday.
A New York federal judge rejected a proposed shareholder derivative settlement with 6D Global Technologies Inc. on Thursday, dubbing the planned corporate reforms lackluster in their attempt to end claims that the digital marketing company was complicit in allowing its share price to be manipulated by a private equity firm's CEO.
A knowledge qualification is applied to representations and warranties of an M&A agreement in order to limit their scope. But understanding the precise nature of the risk allocation in a knowledge-qualified representation also requires understanding what it means for a party to have “knowledge,” say attorneys with Winston & Strawn LLP.
After moving into a new law office, tenants often file their signed leases away, figuring that the terms are set for a few years at least. However, leases can be very flexible instruments, and should be reviewed annually even if nothing seems amiss, says Tiffany Winne of Savills Studley Inc.
Based on his experience as a BigLaw associate for six years and now as general counsel for a tech startup, Jason Idilbi of Passport Labs offers some best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.
For the first time in four years, the National Venture Capital Association recently updated its model legal documents. The latest drafts not only reflect the necessity for quick transactions and bespoke solutions to unique problems facing venture capital investors, but they anticipate needs that will arise in this ever-evolving industry, say attorneys with Paul Hastings LLP.
My advice to prospective clerks will now include the suggestion that they read Adam Winkler's new book, "We the Corporations: How American Businesses Won Their Civil Rights," for the same reason I recommend taking a corporations course — appreciating the critical role of business corporations in American life and law, says Ninth Circuit Judge Marsha Berzon.
In this third installment of their series on how the tax overhaul impacts U.S. media companies, Bracewell LLP attorneys Michele Alexander and Ryan Davis look at how the international and domestic provisions intended to bring tax dollars home have affected media companies' decisions regarding foreign versus domestic production.
The United States government recently sent shock waves through the private equity industry by charging a PE firm for its portfolio company’s alleged health care fraud in U.S. v. Diabetic Care RX. Four measures can help private equity firms mitigate their risk so they avoid the same fate, say Christopher Hewitt and Jayne Juvan of Tucker Ellis LLP.
In the #MeToo era, the American Bar Association’s recently passed Resolution 302 is a reminder of harassment policy best practices to all employers, and it should be of particular interest to employers in the legal industry, say attorneys with Hunton Andrews Kurth LLP.
A risk alert recently issued by the U.S. Securities and Exchange Commission identifies the top fee and expense deficiencies from over 1,500 examinations over the last two years, providing valuable information for investment advisers. This guidance should serve as more than a warning, say attorneys with K&L Gates LLP.
By incorporating an explicit requirement that discovery must be “proportional to the needs of the case,” the 2015 amendments to the Federal Rules of Civil Procedure garnered much speculation as to their impact on courts’ decision-making processes. Now that the rules have been implemented for over two years, several themes have emerged, say attorneys with Buckley Sandler LLP.