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Private Equity

  • June 13, 2018

    Blackstone Inks $2.3B REIT Deal After Closing 2 Funds

    The Blackstone Group has agreed to buy an Australian real estate investment trust for roughly AU$3.08 billion ($2.33 billion), according to a Wednesday statement, in a deal that comes only one day after the private equity giant closed two multibillion-dollar investment funds.

  • June 13, 2018

    Cooley Guides Opendoor's $325M Series E Raise

    Private equity-backed online real estate broker Opendoor, with counsel from Cooley LLP, has raised $325 million in Series E financing and with the latest round has now raised a total of $645 million, according to an announcement on Wednesday from the San Francisco-based company.

  • June 13, 2018

    LLR Partners Taps Latham & Watkins For $1.2B PE Fund

    Lower middle market private equity firm LLR Partners, with help from legal adviser Latham & Watkins LLP, has clinched a $1.2 billion fund that will invest in companies within the realms of education, fintech, health care, security and software, according to a Wednesday statement.

  • June 12, 2018

    PE's Emerging Markets Push Presents Opportunity For Attys

    As private equity players continue to form funds focused on emerging markets, attorneys will be charged with drawing up fund documents that will enable fund managers to flourish while taking into account the risks and geopolitical issues that can arise with foreign investment.

  • June 12, 2018

    UK Worries Towbar Co.'s €169M Merger Will Harm Competition

    The U.K.’s competition enforcer said Tuesday it has concerns tow truck and trailer equipment maker Horizon Global Corp.’s planned €169 million ($198.9 million) purchase of the Brink Group from its private equity backer would leave too few competitors in the supply of towbars to large car manufacturers.

  • June 12, 2018

    Hospital Plaza Transfer Sank PE Firm's Deal, 3rd Circ. Told

    A private equity firm on Tuesday urged the Third Circuit to revive its $5 million case against a New Jersey hospital over the firm's would-be acquisition of a medical plaza under foreclosure, arguing that an ownership transfer that sank the sale ran afoul of the purchase deal.

  • June 12, 2018

    Leeds Equity Brings In More Than $750M For Latest PE Fund

    New York private equity firm Leeds Equity Partners LLC has eclipsed the $750 million target for its latest investment vehicle, with plans to target businesses within the realms of education, training, information services and software, according to a statement on Tuesday.

  • June 12, 2018

    Deals Rumor Mill: Abraaj, Sportradar, Xiaomi

    Abraaj is accused of owing a private debt specialist roughly $300 million, KKR and Blackstone landed a spot in a second bidding round for a minority stake in Sportradar AG, and smartphone maker Xiaomi aims to raise $5 billion from mainland Chinese investors.

  • June 12, 2018

    Blackstone REIT's $10B Raise To Come With $2.6M Legal Bill

    Blackstone Real Estate Income Trust Inc., which is represented by Venable LLP and Simpson Thacher & Bartlett LLP, said in a regulatory filing on Tuesday that it plans to raise up to an additional $10 billion in a deal expected to result in an estimated $2.6 million in legal fees.

  • June 12, 2018

    Alta Partners Rakes In $130M For Health Care-Focused Fund

    Alta Partners, a private and venture capital investment firm focused on health care, has clinched its latest fund after raising $130 million from investors, with plans to focus on businesses that are developing biotherapeutics and technology enabled health care services, the firm has announced.

  • June 12, 2018

    Tilton Balks At $500K White & Case Role In Zohar Ch. 11

    Financier Lynn Tilton and her investment firm Patriarch Partners LLC objected Monday to the appointment of White & Case LLP under a $500,000 retainer as counsel to an independent director assigned to the Delaware Chapter 11 cases of her Zohar funds.

  • June 11, 2018

    Deals Rumor Mill: TPG, Stryker, Fortum

    TPG reportedly wants $1.5 billion for a fund aimed at betting on technology companies putting off going public, Stryker Corp. offered to take over Boston Scientific, and the European Commision is set to approve Fortum’s bid to buy a 46.65 percent stake in Uniper

  • June 11, 2018

    Fenwick Guides Workday In $1.55B Adaptive Insights Buy

    Workday Inc., guided by Fenwick & West LLP, said Monday it will pick up venture capital-backed Adaptive Insights in a $1.55 billion deal, halting the latter cloud-based business software company’s plans to go public.

  • June 11, 2018

    S. African Miner Asks Watchdog To Step In To Merger Row

    Engineering and mining contractor Murray & Roberts Holdings Ltd. has asked a South African competition tribunal to intervene in the shareholder vote for an alternative to Aton GmbH's $400 million takeover bid, the German investment company said Friday.

  • June 11, 2018

    Chinese Electric Car Co. Closes $500M Series B Round

    A Chinese smart electric car company said Monday it has closed its series B fundraising round with $500 million in commitments that it will use toward mass production, research and development, and product development.

  • June 11, 2018

    Pebblebrook Ups Bid After LaSalle Inks $3.7B Blackstone Deal

    Pebblebrook Hotel Trust increased its offer price Monday for LaSalle Hotel Properties, looking to disrupt a $3.7 billion deal that the hotel-focused real estate investment trust struck with private equity giant Blackstone Group LP last month.

  • June 11, 2018

    Fengate Reaches $100M Solar Co-Development Deal

    Fengate Real Asset Investments on Monday said it has agreed to a $100 million equity commitment and co-development partnership with Texas-based solar power development company PowerFin Partners LLC that includes the acquisition of a portfolio of solar projects.

  • June 11, 2018

    15 Minutes With The General Counsel Of Vencore

    Kevin Boyle has been the general counsel of Vencore for approximately the past year, guiding the $1.2 billion provider of information solutions, cybersecurity, engineering and analytics for the U.S. government through an initial public offering and a merger. Here, Law360 talks to Boyle about the recent merger, the one thing he values most in outside counsel, and his thoughts on the billable hour.

  • June 11, 2018

    Simpson Thacher Leads KKR In $10B Envision Healthcare Buy

    KKR, led by Simpson Thacher & Bartlett LLP, revealed Monday it will buy physician-led services and post-acute care provider Envision Healthcare in a $9.9 billion deal, including debt.

  • June 8, 2018

    Taxation With Representation: Fenwick, Latham, Vinson

    In this week’s Taxation with Representation, Microsoft acquired GitHub for $7.5 billion, Global Infrastructure Partners bought all of Devon Energy Corp.’s interests in EnLink Midstream Partners LP for $3.13 billion, and Taylor Morrison scooped up AV Homes Inc. for $963 million.

Expert Analysis

  • Opinion

    Recovering Lawyers' Lost Position Of Independence

    Samuel Samaro

    In these politically divisive times, many ask whether our institutions and traditions can help us return to a greater consensus. In days long past, the legal profession could have been counted on to serve just such a function. But lawyers are now just as polarized as everyone else, says Samuel Samaro of Pashman Stein Walder Hayden PC.

  • Defining 'Knowledge' In A Purchase Agreement

    Kyle Gann

    A knowledge qualification is applied to representations and warranties of an M&A agreement in order to limit their scope. But understanding the precise nature of the risk allocation in a knowledge-qualified representation also requires understanding what it means for a party to have “knowledge,” say attorneys with Winston & Strawn LLP.

  • 8 Reasons To Take A Fresh Look At Your Law Office Lease

    Tiffany Winne

    After moving into a new law office, tenants often file their signed leases away, figuring that the terms are set for a few years at least. However, leases can be very flexible instruments, and should be reviewed annually even if nothing seems amiss, says Tiffany Winne of Savills Studley Inc.

  • A General Counsel's Tips For Succeeding As A New Associate

    Jason Idilbi

    Based on his experience as a BigLaw associate for six years and now as general counsel for a tech startup, Jason Idilbi of Passport Labs offers some best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.

  • Smarter, Faster, Stronger: A New Suite Of VC Model Docs

    Samuel Waxman

    For the first time in four years, the National Venture Capital Association recently updated its model legal documents. The latest drafts not only reflect the necessity for quick transactions and bespoke solutions to unique problems facing venture capital investors, but they anticipate needs that will arise in this ever-evolving industry, say attorneys with Paul Hastings LLP.

  • Series

    Judging A Book: Berzon Reviews 'We The Corporations'

    Judge Marsha Berzon

    My advice to prospective clerks will now include the suggestion that they read Adam Winkler's new book, "We the Corporations: How American Businesses Won Their Civil Rights," for the same reason I recommend taking a corporations course — appreciating the critical role of business corporations in American life and law, says Ninth Circuit Judge Marsha Berzon.

  • The Impact Of Tax Reform On Film, TV And Print Media: Part 3

    Michele Alexander

    In this third installment of their series on how the tax overhaul impacts U.S. media companies, Bracewell LLP attorneys Michele Alexander and Ryan Davis look at how the international and domestic provisions intended to bring tax dollars home have affected media companies' decisions regarding foreign versus domestic production.

  • Diabetic Care RX Case Is A Warning Sign For Private Equity

    Christopher Hewitt

    The United States government recently sent shock waves through the private equity industry by charging a PE firm for its portfolio company’s alleged health care fraud in U.S. v. Diabetic Care RX. Four measures can help private equity firms mitigate their risk so they avoid the same fate, say Christopher Hewitt and Jayne Juvan of Tucker Ellis LLP.

  • What ABA’s Position On Harassment Means For Employers

    Minjae Song

    In the #MeToo era, the American Bar Association’s recently passed Resolution 302 is a reminder of harassment policy best practices to all employers, and it should be of particular interest to employers in the legal industry, say attorneys with Hunton Andrews Kurth LLP.

  • A Closer Look At SEC Guidance On Investment Adviser Fees

    Sonia Gioseffi

    A risk alert recently issued by the U.S. Securities and Exchange Commission identifies the top fee and expense deficiencies from over 1,500 examinations over the last two years, providing valuable information for investment advisers. This guidance should serve as more than a warning, say attorneys with K&L Gates LLP.