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Private Equity

  • December 12, 2018

    Nixon Peabody Snags Corporate Pro For San Francisco Office

    Nixon Peabody LLP has announced that it boosted its corporate practice in Northern California with a former Perkins Coie LLP attorney with experience in emerging growth companies, venture capital and mergers and acquisitions in the technology industry.

  • December 12, 2018

    Deals Rumor Mill: Uber, Warburg Pincus, Luckin Coffee

    Morgan Stanley will lead the IPO of Uber, which could value the ride-hailing giant at up to $120 billion, Warburg Pincus is launching a $1 billion joint venture that will invest in Chinese real estate, and China's Luckin Coffee has received a $200 million capital injection from private investors.

  • December 12, 2018

    4 Firms Advise As PE Firm Pays $183M For Defense Tech Co.

    Private equity firm Cerberus Capital Management LP has agreed to buy defense technology company Sparton Corp. for about $183 million, the companies said Wednesday, a deal shepherded by Lowenstein Sandler LLP, Kirkland & Ellis LLP, Blank Rome LLP and Mayer Brown LLP.

  • December 12, 2018

    Gaw-Goldman Venture Drops $1.5B On 12 Hong Kong Malls

    A venture led by Hong Kong private equity shop Gaw Capital Partners that includes Goldman Sachs Group Inc. is buying 12 Hong Kong shopping centers from Link REIT for HK$12.01 billion ($1.54 billion), according to announcements on Wednesday from Gaw Capital and Link REIT.

  • December 12, 2018

    Allen & Overy, Linklaters Lead €770M Sale Of Universities

    Laureate Education Inc., a network of higher education institutes, has agreed to sell its institutions in Spain and Portugal to an affiliate of European private equity firm Permira for €770 million ($875 million), the companies said Wednesday, in a deal guided by Allen & Overy LLP and Linklaters LLP.

  • December 11, 2018

    Judge Passionately Defends Juries In Denying Instant Wins

    A Massachusetts federal judge unleashed a Seventh Amendment polemic Tuesday against five separate motions for summary judgment in a complicated suit over a grave injury to a farmworker, saying that to bar a jury from deciding whether to put a private equity firm on the hook for damages would evince "an unabashed retreat from the magnificent vision of the founders."

  • December 11, 2018

    Tencent Music's IPO Raises Nearly $1.1B Led By Davis Polk

    Chinese streaming streaming giant Tencent Music Entertainment Group on Tuesday priced an initial public offering that raised nearly $1.1 billion, completing one of the year’s largest IPOs with the guidance of Davis Polk & Wardwell LLP.

  • December 11, 2018

    Xura Breach Claims Advance In $643M Chancery Merger Suit

    An aggrieved investor of telecommunications technology company Xura Inc. cleared some early hurdles Tuesday in a Chancery Court suit challenging the company’s $643 million go-private sale to Siris Capital Group LLC, beating motions to dismiss claims that Xura’s former CEO had regular undisclosed contacts with the buyer.

  • December 11, 2018

    Deals Rumor Mill: Cisco Systems, Plaid, Nvidia Corp.

    Cisco Systems Inc. is discussing a deal to buy Luxtera, Plaid was valued at $2.65 billion in a Mary Meeker-led funding round, and SoftBank wants to shed its stake in California-based Nvidia Corp.

  • December 11, 2018

    Accountant Seeks No Prison Time For $18M Tax Return Fraud

    An accountant found guilty of helping a venture capitalist siphon $18 million from a fund through false tax returns has told a California federal court he should serve no time behind bars despite prosecutors' request for a "significant" prison sentence.

  • December 11, 2018

    Proskauer Steers JMI On $1.2B Software-Focused Fund

    JMI Equity on Tuesday said it has picked up $1.2 billion to pour into software businesses following the close of its latest private equity fund, with Proskauer Rose LLP steering the private equity firm on its fundraising.

  • December 11, 2018

    PE-Backed Blank Check Co. Files $375M IPO Guided By Weil

    Gores Metropoulos Inc., a blank check company formed by private equity firm The Gores Group, filed its $375 million initial public offering Tuesday that was guided by Weil Gotshal & Manges LLP and saw Ropes & Gray LLP advising the underwriters.

  • December 11, 2018

    CVC Lobs $2B Offer To Take Ahlsell Private Again

    CVC Capital Partners on Tuesday lobbed a 17.97 billion Swedish krona ($1.98 billion) offer to take Swedish construction products supplier Ahlsell AB private, just over two years after the private equity giant floated the Stockholm-based company to raise roughly 6 billion krona.

  • December 11, 2018

    Online Used Car Dealer Vroom Nabs $146M From Investors

    A group of private investors has agreed to inject $146 million into online used car retailer Vroom Inc., which intends to use the capital infusion to bolster its technology, make acquisitions and hire new talent, the companies said Tuesday.

  • December 10, 2018

    Neiman Marcus Accused Of Funneling $1B To LBO Sponsors

    Neiman Marcus Group Inc. was hit with a suit in Texas state court Monday alleging the company orchestrated a plot to loot its own luxury department store and online retailer of about $1 billion and transfer the cash to indirect owners Ares Management LP and the Canada Pension Plan Investment Board.

  • December 10, 2018

    Bankrupt Helicopter Co. Nabs $49M DIP, $650M Stalking Horse

    An Irish helicopter leasing company told a New York bankruptcy court Monday it has secured $49 million in debtor-in-possession financing and a $650 million stalking horse bid for its fleet from another helicopter leasing company.

  • December 10, 2018

    Ex-Financial Co. CEO Accuses Financier Of Sabotage

    The former CEO of a financial firm has sued Emigrant Bank and several of its board members in Texas state court, accusing them of personal and professional sabotage intended to drive down the value of the company so it could be acquired on the cheap. 

  • December 10, 2018

    Deals Rumor Mill: Vivendi, Ferrero, Sailing Capital

    Vivendi SA is vying for a stake in PT Global Mediacom’s TV operations, the company behind Nutella is eyeing the international business of The Campbell Soup Co., and Sailing Capital is looking to raise $1.5 billion through its second fund.

  • December 10, 2018

    Lexington Leads $1B In Commitments For TPG Vintage Funds

    Alternative investment manager Lexington Partners on Monday said it closed a so-called secondary liquidity transaction that saw it helm a roughly $1 billion capital commitment in a pair of TPG Asia vintage funds as the lead investor on the deal.

  • December 10, 2018

    Investment Co. Sues Schnader Harrison Over $10M Deal Flub

    A Schnader Harrison Segal & Lewis LLP attorney allowed a Canadian investment firm to become “ensnared in a toxic relationship” with an electric vehicle company by allowing the investment firm's stock value to be undercut and costing the firm $10 million, according to a malpractice suit filed Friday in New York federal court.

Expert Analysis

  • Q&A

    A Chat With Bryan Cave Innovation Chief Katie DeBord

    Katie DeBord

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Katie DeBord, chief innovation officer at Bryan Cave Leighton Paisner LLP.

  • Simple Secrets For Improving Your CLE

    Daniel Karon

    With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.

  • 3rd-Party Releases Bring Chapter 11 Venue Considerations

    Samuel Schwartz

    Courts are increasingly upholding involuntary releases of third parties and nondebtors in bankruptcy, including recently in the case of Millennium Lab Holdings. This means parties should consider several factors when picking a venue for a Chapter 11 filing, say Samuel Schwartz and Kristina Perez of Brownstein Hyatt Farber Schreck LLP.

  • It’s Time For Law Firms To Start Talking About Gen Z

    Eliza Stoker

    Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.

  • Shaping Health Care In America Through M&A And Innovation

    Mark Goran

    Research conducted by our firm explores two different kinds of health care transactions, shedding light on why they are occurring and areas where we expect to see future deals proliferate, say Mark Goran and Michael Dolan of Polsinelli PC.

  • What To Expect From New Democratic Investigation Efforts

    Reginald Brown

    The new Democratic House majority is expected to direct much of its attention to executive branch oversight and accountability. Companies and their legal counsel should be prepared for a dramatically changed collateral environment as investigations cover a wide range of topics, say attorneys at WilmerHale.

  • Q&A

    Back To School: Yale's Linda Greenhouse Talks Journalism

    Linda Greenhouse

    In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.

  • Opinion

    Celebrate Veterans By Improving Their Access To Justice

    Linda Klein

    Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.

  • Beware FCPA Risks When Courting Foreign Investment

    Brandt Leibe

    As the growth of foreign direct investments in the U.S. continues, companies and their employees should focus on the risk that they are interacting with “foreign officials” — as defined by the Foreign Corrupt Practices Act and the courts — even if that interaction takes place entirely within the U.S., say attorneys with King & Spalding LLP.

  • Opinion

    Time To Reclaim Wellness For All Lawyers

    Leesa Klepper

    The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.