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Private Equity

  • November 8, 2018

    Biz Travel Company Nabs $154M From Funding Round

    Business travel management firm TripActions on Thursday said investors poured in $154 million during the company’s latest funding round as it looks to increase research and development and roll out new technologies in an effort to continue global growth.

  • November 8, 2018

    China’s LightInTheBox To Drop $86M In E-Commerce Deal

    Chinese online retailer LightInTheBox Holding Co. Ltd. on Thursday said it will buy venture capital-backed Singaporean e-commerce platform Ezbuy in an $85.55 million deal, boosting the company’s existing online shopping capabilities and product offerings, especially in the Southeast Asian markets.

  • November 8, 2018

    Health Care, Tech-Focused Firm Snags $300M For 2nd Fund

    Seattle, Washington-based Biomatics Capital Partners, a private and venture capital investment shop focused on the intersection of health care and technology, has clinched its sophomore fund after raising $300 million from limited partners, according to a Thursday statement.

  • November 8, 2018

    9 Firms Sculpt CommScope’s $7.4B, PE-Backed ARRIS Buy

    CommScope said Thursday it will buy ARRIS in a private equity-backed deal worth $7.4 billion that was shaped by 9 law firms, setting the stage for the creation of a communications infrastructure and equipment company better able to tap into trends like 5G and the internet of things.

  • November 8, 2018

    Dechert Guides PE Firm In $625M PeroxyChem Sale

    Middle market private equity firm One Equity Partners has agreed to sell chemical manufacturer PeroxyChem LLC, which serves the food safety, electronics, environmental, energy and other industrial end markets, to German Evonik Industries AG for $625 million, the companies said Thursday.

  • November 7, 2018

    Web.com Investor Seeks Toss Of $2B Merger Doc Suit, Fees

    Internet service company Web.com Group Inc. investors who sued in Delaware to block the company’s $2 billion acquisition by Siris Capital Group LLC have agreed to scuttle the federal court action following additional company disclosures about the deal.

  • November 7, 2018

    Deals Rumor Mill: Xilinx, SoftBank, Blackstone

    Xilinx has reportedly tapped Barclays to aid a potential deal to snap up Mellanox, SoftBank wants to raise 2 trillion Japanese yen ($17.6 billion) from Japanese individuals when it floats its mobile phone unit, and Blackstone and LLOG Exploration Co. have tapped an investment bank to help sell their joint venture.

  • November 7, 2018

    Ares-Specht JV Drops $49M On Ore. Industrial Property

    A joint venture of Specht Development Inc. and real estate funds managed by Ares Management LP has purchased a grocery-leased industrial property in the greater Portland, Oregon, metro area for $48.5 million, according to an announcement from the companies on Wednesday.

  • November 7, 2018

    3 Firms Rep Leggett In $1.3B Foam Co. Buy

    Bedding and furniture component manufacturer Leggett & Platt on Wednesday said it will buy a specialty foam and chemicals producer from Arsenal Capital Partners in a $1.25 billion deal, with Perkins Coie LLP, Latham & Watkins LLP and Jones Day steering the buyer. 

  • November 7, 2018

    Pharma Biz Nabs $120M For Liver Disease Drug Development

    Mirum Pharmaceuticals on Wednesday said it has secured $120 million in financing during its Series A funding round, which will be used to finance the development of its drug candidate for treatment of a rare liver disease.

  • November 7, 2018

    Hyundai, Kia Pour $250M Into Singapore Ride-Hailing Service

    Hyundai Motor Group and Kia Motors Co. will join forces to invest $250 million into Singapore-based ride-hailing service Grab Holdings Inc., as part of a partnership focused on forming electric vehicle pilot programs in Southeast Asia, the companies said Wednesday.

  • November 7, 2018

    3 Firms Steer Newell's $2.5B Fishing, Memorabilia Sale

    Newell Brands said Wednesday that the consumer and commercial products marketing company has agreed to sell its fishing business and its memorabilia manufacturer to two private equity firms in separate deals that carry a combined value of approximately $2.5 billion of after-tax proceeds and were guided by Jones Day, Latham & Watkins LLP and Schiff Hardin LLP.

  • November 6, 2018

    Kavanaugh Fallout Fuels GOP's Senate Expansion

    A backlash over Justice Brett Kavanaugh's bitter confirmation battle played a key role in Republicans adding to their Senate majority, as so-called “Trump state” Democrats who opposed confirmation fell to GOP challengers in Tuesday’s midterm elections.

  • November 6, 2018

    Dems Pump Brakes On Trump Agenda With House Win

    Democrats won back the House on Tuesday night and with it divided the chambers of Congress, putting them in position to step up investigations into President Donald Trump’s presidential campaign and to run interference on his conservative agenda.

  • November 6, 2018

    Senate Republican Win Cements Trump's Judicial Makeover

    With Senate Republicans returning from a slew of victories at the ballot box, Majority Leader Mitch McConnell looks to continue a two-year project to remake the federal courts by confirming waves of conservative judges to the bench.

  • November 6, 2018

    Voting Machine Critics Tout Low-Tech Fix For Hacking Fears

    Russia’s meddling in the 2016 presidential election pushed U.S. voting security into the spotlight, leaving officials scrambling to shore up the infrastructure before midterms. But efforts remained uneven two years later, with a number of states on Tuesday shirking the surprisingly low-tech fix touted by election-integrity experts: paper ballots.

  • November 6, 2018

    Valens Lands $63M To Bolster Autonomous Car Portfolio

    Valens, an Israel-based developer of technology for the audiovisual and automotive markets, said Tuesday it has received $63 million from Linse Capital and Oppenheimer Asset Management as part of its latest financing round that will be used to bolster its portfolio in the autonomous vehicle sector.

  • November 6, 2018

    Deals Rumor Mill: Altice, Telefónica, Symantec

    Allianz and private equity giant KKR are leading competing groups that are vying for a stake in Altice’s fiber network business, Telefónica is weighing selling off a data centers unit, and Symantec Corp. has been approached by private equity firm Thoma Bravo about an acquisition.

  • November 6, 2018

    Blockchain Biz Bitfury Closes $80M Private Placement

    Full-service blockchain technology company The Bitfury Group on Tuesday said it has closed an $80 million private placement that was led by Korelya Capital, the European growth-capital firm backed by Korean digital giant Naver Group, among others.

  • November 6, 2018

    Cooley, White & Case Steer $1.8B ConvergeOne Sale To CVC

    Private equity-backed information technology firm ConvergeOne on Tuesday said affiliates of a CVC Capital Partners fund will take the company private in a $1.8 billion deal, with White & Case LLP and Cooley LLP steering the buyer and seller, respectively.

Expert Analysis

  • 8 Operating Agreement Tips For Funds Seeking Financing

    Kris Henman

    Private equity and venture capital investment funds are increasingly interested in entering into credit facilities, but a fund's limited partnership or operating agreement must be drafted to satisfy the lender’s diligence requirements. Attorneys with Troutman Sanders LLP look at the clauses that are typically flagged by lenders' counsel.

  • NY Tax Minutes: October

    Timothy Noonan

    This month in NY Tax Minutes, Timothy Noonan and K. Craig Reilly of Hodgson Russ LLP discuss a new coalition fighting the SALT deduction cap, highlight a $30 million settlement in a tax whistleblower action against a hedge fund manager and review the draft amendments to the business corporation franchise tax.

  • Tips For Drafting M&A Agreements After Akorn

    Gail Weinstein

    The Delaware Chancery Court's recent decision in Akorn v. Fresenius has been widely reported because the court, for the first time, found that a target company had suffered a “material adverse effect.” But the 246-page opinion is also a primer on how the court may interpret numerous standard provisions in merger agreements and in corporate contracts generally, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • An In-Depth Guide To The Opportunity Zone Guidance: Part 1

    Marc Schultz

    On Oct. 19, the U.S. Department of the Treasury released proposed regulations, a related revenue ruling and Form 8996 pertaining to the new opportunity zone program. In this two-part article, Marc Schultz of Snell & Wilmer LLP analyzes material portions of this highly anticipated guidance and highlights where guidance is still necessary.

  • Protecting Law Firm Talent At Both Ends

    Susan Blakely

    By 2030, it is possible that 75 percent of lawyers practicing in the U.S. will be millennials. A broadened focus on retention and advancement of all young lawyers is therefore a logical step forward but it fails to address another major retention issue that law firms should explore, says Susan Smith Blakely of LegalPerspectives LLC.

  • Q&A

    Wendy Olson Talks Twin Falls, Tribes, Private Practice

    Wendy Olson

    Former U.S. Attorney for the District of Idaho Wendy Olson discusses her decades of experience prosecuting white collar crimes and civil rights violations, her work and challenges as U.S. attorney, and her move to private practice.

  • Prospects For Tax Policy In A Divided Post-Election Congress

    Evan Migdail

    The outcome of next week's election remains uncertain, but it is possible to predict some of the policy changes and legislative initiatives likely to arise during lame duck and 116th congressional sessions if Democrats regain a majority in the House of Representatives, say Evan Migdail and Melissa Gierach at DLA Piper LLP.

  • Series

    Judging A Book: Brown Reviews 'Dangerous Leaders'

    Judge Nannette Jolivette Brown

    Anthony Thompson’s "Dangerous Leaders: How and Why Lawyers Must Be Taught to Lead" explores the conflict many lawyers face when charged with the responsibility of leadership. The book is an excellent read for all lawyers, says U.S. District Chief Judge Nannette Jolivette Brown of the Eastern District of Louisiana.

  • Breaking The Rules: 3 Ways To 'Lead' A Direct Examination

    Matthew Menchel

    Trial lawyers are frequently taught that they should appear invisible during direct examination — that their job is merely to prompt the witness to start speaking. But the most powerful direct examinations are the ones in which the examiner, not the witness, is controlling the pace, say attorneys with Kobre & Kim LLP.

  • Utilities' Build-Transfer Deals Spur Renewable Projects

    Sean Shimamoto

    Build-transfer agreements — where an electric utility hires a third party to develop and construct a renewable energy project, then transfer ownership to the utility — can create opportunities and challenges for developers and utilities. Some common themes have emerged from recent transactions, say Sean Shimamoto and Frank Shaw of Skadden Arps Slate Meagher & Flom LLP.