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.
The battle to buy Unilever's margarine and spreads business is nearing a conclusion, two Mexican lenders have agreed to merge in a deal worth $1.42 billion, and Chinese garment-label manufacturer Trimco could be worth about $500 million in a sale.
A Surgery Partners Inc. shareholder on Monday told the Delaware Chancery Court that Bain Capital Private Equity was allowed to work both sides of a deal and get favorable terms to finance the $760 million acquisition of a surgery facility owner this year.
Growth lending company Runway Growth Credit Fund Inc. announced Tuesday that it has closed its $275 million initial equity capital offering with help from an increased commitment from funds managed by Oaktree Capital Management LP.
Canadian pension funds and private equity firms will be making a formal bid for German metering business Techem, Nordic Capital is set to shell out roughly €1.1 billion to acquire a German nursing home operator, and 21st Century Fox Inc. is favoring The Walt Disney Co. over other suitors for the sale of certain assets.
The U.S. Securities and Exchange Commission has requested public comment on a New York Stock Exchange proposal to ease rules on special-purpose acquisition companies, which include halving the minimum number of investors and adding a capital requirement to exempt SPACs from penny-stock rules.
Delaware’s chancellor said Monday he was considering the use of an expert in deciding part of a $2 billion stockholder dispute over the appraisal of Solera Holdings Inc. after its $6.5 billion sale to Vista Equity Partners LP in 2015, citing a bruising reversal in an earlier case.
The largest U.S. independent broker-dealer urged a California federal judge on Friday to toss a proposed class action accusing it of covering up "severely disappointing" financial results while a major private equity backer cashed out to the tune of $187 million, saying the investors behind the suit haven't fixed the problems that got their last complaint thrown out.
Two companies eager to seal deals before the year-end holiday break launched initial public offerings on Monday, led by commercial real estate broker Newmark Group Inc.’s estimated $615 million IPO, followed by private equity-backed cable equipment maker Casa Systems Inc.’s approximate $134 million offering.
Florida-based Exactech Inc. on Monday said that private equity giant TPG Capital raised its offer price for the orthopedic implant device maker in a deal now valued at $737 million, just weeks after the companies agreed to a tie-up valued at $625 million.
The accelerated course of the Republicans’ $1.4 trillion tax cut bill, heralding some of the most sweeping changes for corporations in decades, has created ambiguities that could take years to iron out while the process to reconcile differences between the House and Senate versions of the bill will leave nothing sacrosanct, including the cardinal 20 percent corporate tax rate.
The U.S. Senate passed an expansive tax cut bill early Saturday that is projected to add more than $1 trillion to the deficit, after garnering enough support from faltering and fiscally conservative Republicans.
A D.C. federal judge on Friday granted a venture capital group's bid to vacate a Trump administration rule that delayed an Obama-era regulation for international entrepreneurs, finding it unlawful because the government failed to give time for public notice or comment.
Five firms are slated to lead five issuers set to raise nearly $581 million in initial public offerings during the week of Dec. 4, anchored by three venture-backed life science companies joined by a bank that specializes in real estate lending and a payday lender.
The last week has seen more than a dozen Indian banks sue the co-owner of the Force India Formula 1 team as he faces possible extradition from the U.K., the Nigerian government takes on JPMorgan, and Ace lodges a dispute against Aviva Life.
Minority shareholders of insurance technology company Bolt Solutions Inc. filed suit Friday in Delaware alleging the firm’s majority shareholder and board of directors engaged in self-dealing to sell the controlling interest in Bolt and eroded any value due to minority investors through repeated capital injections.
Blackstone Group LP’s real estate finance subsidiary will make a secondary public offering of at least $344.5 million in class A common stock in order to fund the purchase of additional commercial mortgage loans, the company announced Friday.
With the United States Foreign Investment Review Act recently introduced in the Senate, foreign investors, U.S. sellers and other concerned parties may soon be required to consider both the national security implications and the U.S. domestic economic impact of their proposed transactions, say attorneys with Morgan Lewis & Bockius LLP.
The deadline for foreign financial institutions to sign up with the U.S. Internal Revenue Service's Foreign Account Tax Compliance Act registration system came and went last month. While deregulatory and tax reform efforts in Washington could eventually change FATCA enforcement, for the time being, failure to be in compliance can have serious implications, say attorneys with Burr & Forman LLP.
Are the latest books on the judicial system worth reading? Federal judges share their thoughts in this series of book reviews.
Law firms are businesses where partners operate with significant autonomy. To see their priorities translate into individual partner action, firm leaders should use a few collaborative strategies, suggests Hugh A. Simons, former senior partner of The Boston Consulting Group and former COO of Ropes & Gray LLP.
Courts have consistently held that social media accounts are subject to established discovery principles but are reluctant to allow parties to rummage through private social media accounts. Recent case law confirms that narrowly tailored information requests get the best results, say Matthew Hamilton, Donna Fisher and Jessica Bae of Pepper Hamilton LLP.
Jeh Johnson, the former secretary of homeland security, was kind enough to let me visit him to reflect on his diverse career. He told stories that left me speechless. And yes, the man who was responsible for the Transportation Security Administration removed his shoes when going through airport security. You bet I asked, says Randy Maniloff of White and Williams LLP.
Attorneys should follow seven key points to ensure that their discovery requests and pleadings are appropriately prepared to overcome common hurdles that may be encountered when requesting production of a personnel file, say Michael Errera and Paul Ferland of Foran Glennon Palandech Ponzi & Rudloff PC.
It is important to appreciate that the “locked-box” approach to M&A purchase price adjustments is becoming more and more accepted in the U.S., and that, all things being equal, there is nothing inherently wrong with it, say John Pollack and Pavel Shaitanoff of Gibson Dunn & Crutcher LLP.
While Alexander Hamilton is the subject of a hit Broadway musical and renewed biographical examinations, professor Kate Brown takes us down a road less traveled in her book "Alexander Hamilton and the Development of American Law" — showing Hamilton as first, last and foremost an American lawyer, says U.S. District Judge Rodney Gilstrap of the Eastern District of Texas.
There are at least four reasons supporting the need for some form of a mediation group within a law firm, especially in firms with larger practices, according to Dennis Klein, owner of Critical Matter Mediation and former litigation partner at Hughes Hubbard & Reed LLP.