With so much mergers and acquisitions news in the last two weeks, you may have missed several deals announced in recent days helmed by law firms including Sidley Austin LLP and Vinson & Elkins LLP.
The recently affirmed owner of a $12 billion fleet of securitized student loan trusts moved late Wednesday to lock in its authority to settle a regulatory agency’s pending $22 million federal consent decree over debt collection practices, despite a seeming slowdown in the Delaware case.
Two venture-backed biotechnology firms and a private-equity backed payday lender raised a combined $307 million from initial public offerings — pricing at the middle or bottom of their respective ranges — while another life science company upsized its planned IPO on Thursday.
The U.K. wealth business of Old Mutual could be worth about £2.5 billion ($3.35 billion) in an IPO planned for 2018, Fosun is in talks concerning a flotation of its tourism business that could raise $500 million or more, and Johnson & Johnson is mulling a sale of anti-dandruff shampoo Nizoral.
Israel Chemicals Ltd. has agreed to sell its fire safety and oil additives businesses to health care and specialty chemicals-focused private equity firm SK Capital Partners in a deal worth about $1 billion, according to a Thursday statement from the Tel Aviv-based specialty minerals company.
Kimmeridge Energy Management Co. LLC, an energy-focused private equity firm, on Thursday announced the final closing of its latest fund after reaching its $400 million hard cap, which, along with other co-investments, nets the company $650 million for upstream oil and gas investments.
A strong year of private equity fundraising included the largest PE fund ever raised, and the top 10 investment vehicles of 2017 illustrate the industry's tendency to target businesses based in North America and Europe, as well as its increasing interest in the realm of technology. Here, Law360 counts down the 10 largest funds that held final closings in 2017.
A U.S. Securities and Exchange Commission hearing on whether convicted “pharma bro” Martin Shkreli should be booted from the securities industry was put on hold Tuesday as the in-house judge overseeing the matter looks to address a legal question that’s arisen since the federal government decided to switch sides in a pending U.S. Supreme Court petition known as Lucia v. SEC.
Natural gas storage venture Ryckman Creek Resources LLC won Delaware bankruptcy court approval Wednesday to switch its buyer and Chapter 11 plan sponsor to Sandton Capital Partners LP for a deal that is proposed to pay $6.2 million upfront in cash and a $10 million note going forward.
Bankrupt women’s shoe maker Aerogroup International Inc. told a Delaware judge Wednesday that it had decided to pursue a sale of its assets and a licensing deal and will be abandoning its dual-track Chapter 11 strategy, which included a liquidation option.
Energy developers and investors found new types of projects to fund as well as new ways to fund them in 2017, but the recent prospect of major U.S. tax law changes and tariffs on imported solar panels has injected fresh uncertainty into project development. Here, attorneys identify five energy project finance trends that stood out this year.
A former Houston-based financial adviser who ran a branch office for a registered brokerage firm on Wednesday settled fraud allegations leveled by the U.S. Securities and Exchange Commission in a suit in Texas federal court alleging he misled investors while raising $860,000 for a fund with no connection to the firm for which he worked.
Chinese smartphone maker Xiaomi could be valued at up to $100 billion in a 2018 IPO, Disney is nearing a deal to buy assets from 21st Century Fox that in total could be worth more than $60 billion, and Rogers Communications may sell multiple assets, including the MLB’s Toronto Blue Jays.
Apax Partners LLP has closed a new technology and internet-focused fund after taking in $1 billion from investors, the firm said on Wednesday, marking the completion of its fundraising by co-leading an investment round for an online luxury retailer.
ChinaCast Education Corp. is on its way out of Chapter 11 proceedings after a New York bankruptcy judge Wednesday approved the company's orderly liquidation plan and a linchpin settlement with a class of shareholders that freed up a path to plan confirmation.
Anzu Partners on Wednesday said that its inaugural fund took in $128.4 million worth of commitments as the private equity shop looks to invest in industrial technology ventures across the U.S. and Canada.
Sabre Insurance Group PLC priced an initial public offering that raised £287.5 million ($384.6 million) Wednesday on the London Stock Exchange, enabling private equity firm BC Partners to trim its holding in Sabre some three years after it bought a controlling stake in the U.K. car insurer.
Food distribution giant Performance Food Group Inc. unveiled an estimated $188 million secondary stock offering Tuesday that enables private equity firm Wellspring Capital Management LLC to sell its remaining stake in Performance Food two years after its initial public offering.
Industrial manufacturer Crane Co. on Tuesday said it inked an $800 million deal with private equity firm Lindsay Goldberg and members of the Crane family to buy all of the equity interests in Massachusetts-based global currency producer Crane & Co. Inc.
Nestle has acquired Canada-based nutritional health products maker Atrium Innovations Inc. from a group of investors for $2.3 billion, with Mayer Brown LLP advising the buyer, the company announced Tuesday.
Some experts estimate that the Burmese military controls up to 50 percent of the country’s economy, and that an additional 20 percent is controlled by individuals and entities targeted under separate sanctions programs. As a practical matter, enactment of the Burma Act of 2017 would mean that a significant portion of Myanmar's economy would be off-limits to U.S. investors, say members of Ropes & Gray LLP.
The Foreign Corrupt Practices Act case of U.S. v. Harris Corp. was tried in March 1991 — so long ago that pretty much only the parties and counsel remember it. With a smile, I’ve just about given up correcting people who say their case is "the only FCPA case ever to be tried,” says Robert Feldman of Quinn Emanuel Urquhart & Sullivan LLP.
In Dan Brown’s latest best-seller "Origin," he explores where we come from and how we will evolve. The U.S. Securities and Exchange Commission's fiscal 2017 enforcement report is no "Origin," "The Da Vinci Code" or even "Inferno," but the SEC has raised "Origin"-like questions, say Brian Rubin and Gregory Amoroso of Eversheds Sutherland.
At the U.S. Securities and Exchange Commission in April 1978, we filed a case against Page Airways and envisioned the trial of a precedent-setting enforcement action that would have defined Foreign Corrupt Practices Act standards at an early stage. Instead, the matter was settled under circumstances that I am sure are unique in SEC history, says Burton Wiand of Wiand Guerra King PA.
In a recent study, 20 out of 25 law firms surveyed have made billing process improvement a top priority for 2018. Firms can foster consistency and increase efficiency at all stages of their billing cycle by focusing on a few specific procedures, say Sharon Quaintance and Christine Indiano at HBR Consulting.
The Fifth Circuit is among the busiest federal circuit courts in the country. What can you do to increase your chances of reaching oral argument? And if given the opportunity, how can you present a persuasive argument? Former Fifth Circuit clerk Justin Woodard, an associate at Jones Walker LLP, shares some advice.
Catching a witness flat-footed on an important topic is no longer confined to cable news, and corporate legal defenses can likewise die when witnesses profess ignorance on things that jurors believe they should know. However, employing some common sense tools can minimize potential harm, says Matthew Keenan of Shook Hardy Bacon LLP.
Having just completed a six-year term as chair of the U.S. Sentencing Commission, I read Yale Law School professor James Forman's new book, "Locking Up Our Own: Crime and Punishment in Black America," with particular interest, says Judge Patti Saris, chief judge for the U.S. District Court for the District of Massachusetts.
Several recent Delaware Chancery Court opinions offer helpful insight about the impact that activist investor involvement has on board decision-making leading to a transaction, and how these board decisions will be reviewed by the courts in any subsequent litigation, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
Effective integration efforts start long before a deal is completed. In fact, integration should start at the target screening stage of the M&A process, says Jeremy Swan of CohnReznick LLP.