Patriarch Partners LLC founder Lynn Tilton sought a protective order in the Chapter 11 cases of the Zohar Funds in Delaware bankruptcy court Wednesday, asking to keep private the financial information of companies owned by the funds to preserve the value of the portfolio companies in the event of a sale by Zohar.
Tencent Music wants to raise roughly $2 billion in an initial public offering, Linde AG is selling more assets, and Coca-Cola is pushing forward with its bid to swallow Nigeria’s Chi Ltd.
Indian home interior and renovation company Livspace on Wednesday said it had reaped $70 million in a Series C funding round led by TPG Growth and Goldman Sachs.
Billionaire William I. Koch and his flagship company, Oxbow Carbon LLC, must post an $87.8 million bond before appealing a Chancery Court order to sell the company to pay minority unitholders that were denied a right to a buyout in 2016, a vice chancellor ruled early Wednesday.
Spotify has reportedly subleased 85,666 square feet in Manhattan from the Port Authority of New York and New Jersey, a Carlyle venture is said to have sold three Florida self-storage buildings for $100 million and Sterling Bay has reportedly dropped roughly $20 million on a Chicago Fulton Market building.
Canadian private fund manager Northleaf Capital Partners said Wednesday that it has raised $2.2 billion through its global private equity program and will use the capital to invest in the firm’s various existing funds.
Major plaintiffs' firms including Grant & Eisenhofer PA and Kessler Topaz Meltzer & Check LLP sought the lead counsel spot Tuesday in putative class action suits against AmTrust Financial Services Inc. in Delaware Chancery Court over a $2.95 billion take-private proposal brought by the company's controlling shareholders.
Venture-backed online ticketing platform Eventbrite Inc. on Tuesday raised the price range and fundraising target of its initial public offering to $230 million, possibly indicating demand for its impending IPO was better than expected.
UiPath, a software company focused on robotic process automation, on Tuesday said it reaped $225 million from a Series C funding round co-led by Alphabet Inc.'s investment fund CapitalG and venture capital firm Sequoia Capital, valuing the company at $3 billion.
GlaxoSmithKline’s health nutrition unit Horlicks has received bids from Coca-Cola, Nestle and Unilever, ADC Therapeutics is considering going public, and Haidilao nabbed almost $1 billion after the Chinese hot pot chain priced its Hong Kong initial public offering
On-demand delivery service Postmates Inc. said on Tuesday that it raised $300 million led by hedge fund and private equity fund manager Tiger Global Management LLC as the company gears up to increase its coverage to more than 70 percent of the U.S. before the end of the year.
Tesla said Tuesday that the U.S. Department of Justice is investigating CEO Elon Musk's August tweet suggesting he was poised to take the electric-car maker private, a comment that caused an uproar and the company's stock to soar before Musk made an abrupt about-face under pressure.
Uber is in talks to buy Careem Networks FZ, Bayer is wooing suitors for a stake in Currenta, and the Qatar Investment Authority is discussing a deal to invest in Chinese online lending powerhouse Lufax.
After several hours of negotiations, Claire's was able to avoid what was likely to be a highly contentious confirmation hearing for the accessory retailer's Chapter 11 restructuring plan after settling with second-lien creditors now set to recover millions more under the plan.
Simpson Thacher & Bartlett LLP represented The Blackstone Group LP in connection with its roughly €947.9 million ($1.1 billion) purchase of a majority stake in Spain-based Testa Residencial SOCIMI SA, which Testa announced on Monday.
Univar Inc., led by Wachtell Lipton Rosen & Katz, said Monday it will snap up private equity-backed chemicals and plastics distributor Nexeo Solutions Inc. in a $2 billion — including debt — deal in the latest chemicals industry tie-up.
A New York federal judge has fined the former manager of private equity fund Camelot Acquisitions Secondary Opportunities almost $9.3 million and ordered him to disgorge the same amount, using the dollar figure he pled guilty to stealing from the fund in a state criminal case years ago, according to a Friday filing.
Lucid Motors, working with legal adviser O'Melveny and Myers LLP, has inked an agreement under which the California-based electric-car company will receive $1 billion from the public investment arm of the government of Saudi Arabia, according to a Monday statement.
Investcorp on Monday said it paid roughly $300 million for its largest-ever acquisition of a U.S. warehouse portfolio that includes properties in Texas, Pennsylvania, Delaware and Illinois, the ninth deal of its kind for the investment manager in the past three years.
Midland, Texas-based oil and gas exploration and production company Tall City Exploration III LLC said on Monday that it has received a line of equity financing of up to $500 million from funds affiliated with private equity firm Warburg Pincus LLC.
The Delaware Supreme Court has eschewed bright-line tests for determining the value of a company in an appraisal. Two recent Delaware Chancery Court decisions illustrate the ways that the courts are determining appraisal valuation in light of this guidance, say Michael O'Bryan and James Beha of Morrison & Foerster LLP.
A few weeks ago, the IRS proposed regulations related to the Tax Cuts and Jobs Act's 20 percent deduction on qualified business income for pass-through entities. The guidance offers long-awaited clarity, but is mostly bad news for many law firms, says Evan Morgan of Kaufman Rossin PA.
Current market conditions have set the stage for a wave of real estate investment trust public-to-private transactions. While there is no one-size-fits-all process, attorneys with King & Spalding LLP look at some common ways these deals are being initiated and negotiated today.
Judicial impeachment fever seems to be spreading through the states, with West Virginia legislators recently voting to remove their state's entire Supreme Court, and lawmakers in Pennsylvania and North Carolina threatening the same. These actions are a serious threat to judicial independence, says Jan van Zyl Smit of the Bingham Centre for the Rule of Law.
In this time of partisan conflict over judicial selection, a new book by Canadian jurist Robert J. Sharpe — "Good Judgment" — represents a refreshing, deeply thoughtful departure from binary arguments about how and why judges make decisions, says U.S. District Judge Jeremy Fogel, director of the Federal Judicial Center.
In recent years, there has been an increased interest from the U.S. Securities and Exchange Commission in enforcing Section 15(a)(1) against unregistered finders and other solicitors in private placement offerings. These violations are easy to prove, especially since no culpable state of mind is required, says Joe Edmondson of Foley & Lardner LLP.
E-discovery is not easy, but employing these 10 strategies may help minimize future headaches, say Debbie Reynolds and Daryl Gardner of EimerStahl Discovery Solutions LLC.
The United Kingdom has taken the unusual step of introducing significant retrospective powers that could unravel acquisitions and transactions from decades ago. The government's intentions are laudable, but its new "unexplained wealth orders" cast doubts on the U.K.'s appetite for foreign investment and may hurt national interests, says Simon Bushell of Signature Litigation LLP.
A well-drafted partnership agreement protects a law firm's founders, establishes a process for new and outgoing partners, and sets forth guidelines for navigating conflict along the way. Startup firms can begin with something less complex, but there are important elements that every agreement should include, says Russell Shinsky of Anchin Block & Anchin LLP.
The Delaware Chancery Court's ruling last month in Olenik v. Lodzinski is notable for providing a substantial discussion of the difference between “negotiations” and “preliminary discussions” for determining whether a merger meets MFW's “ab initio requirement” and qualifies for review under the deferential business judgment rule standard, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.