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Private Equity

  • November 5, 2018

    Morgan Stanley Growth PE Platform Scores $400M Fund

    The growth-focused private equity platform of Morgan Stanley Investment Management said Monday that it had locked up $400 million in commitments for a new fund as it looks to invest in businesses in the technology, health care and media sectors, among others.

  • November 5, 2018

    Wachtell, Kirkland Guide PE Firm's $950M Cybersecurity Buy

    Private equity firm Thoma Bravo LLC said Monday that it has agreed to buy application security testing platform Veracode from Broadcom Inc. for $950 million in cash, in a deal guided by Wachtell Lipton Rosen & Katz and Kirkland & Ellis LLP.

  • November 5, 2018

    TPG Capital Takes Aussie Pet Care Co. Private In $482M Deal

    Australian pet care business Greencross Ltd. said Monday that TPG Capital will acquire the company in an AU$668.6 million ($481.8 million) deal, taking the retailer and veterinary care provider private through an entity owned by funds affiliated with the private equity firm.

  • November 2, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a private equity firm sue a major U.K. pub operator, an Iranian shipper take on dozens of insurers and a breach of contract claim against Merrill Lynch. Here, Law360 looks at those and other new claims in the U.K.

  • November 2, 2018

    Sonic's $2.3B Acquisition Deal Omits Key Details, Suit Says

    A Sonic Corp. shareholder has filed a proposed class action in Delaware federal court to pump the brakes on Inspire Brands' planned $2.3 billion acquisition to take the drive-in restaurant chain private, arguing that the companies' proposed deal omits key financial data needed to gauge future success.

  • November 2, 2018

    Deals Rumor Mill: Schoeller Allibert, Brookfield, Tribune

    Schoeller Allibert Group BV is reportedly discussing a deal to merge with IPL Plastics, Brookfield Asset Management is in talks to sell off IDI Logistics, and Tribune Publishing has received offers from alternative investment firm Donerail Group, Active Interest Media and McClatchy Co.

  • November 2, 2018

    Dell Attacks Purpose Of Icahn Funds' Chancery Doc Demand

    Dell Technologies Inc. accused activist investor Carl Icahn late Thursday of using his funds’ suit in Delaware Chancery Court seeking an inspection of Dell's corporate books and records as a rhetorical platform to bolster his proxy contest opposing the company’s planned stock exchange plan.

  • November 2, 2018

    KKR Boosts Offer For Aussie Biz Software Co. MYOB To $1.3B

    KKR & Co. LP on Friday offered AU$1.78 billion ($1.28 billion) to take over Australian business management software firm MYOB, sweetening an original offer launched in early October to take the company private.

  • November 2, 2018

    Marcus Corp. Unit Inks $126M Deal For Cinema Dining Chain

    A unit of The Marcus Corp. on Friday said it inked a roughly $126 million deal to buy the assets of New Orleans-based theater dining chain Movie Tavern from a portfolio company of private equity firm Veronis Suhler Stevenson.

  • November 2, 2018

    Don't Miss It: Weil And Sullivan Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Weil Gotshal & Manges LLP and Sullivan & Cromwell LLP. Here, Law360 recaps the ones you might have missed.

  • November 2, 2018

    I Squared Gives $500M, Midstream Co. For EagleClaw Tie-Up

    Blackstone-backed EagleClaw Midstream Ventures LLC on Friday said private equity firm I Squared Capital will make a $500 million investment and hand over one of its portfolio companies as part of the private equity firm’s new partnership with EagleClaw’s parent company.

  • November 1, 2018

    Deals Rumor Mill: Pfizer, Apple, Ping An

    Pfizer Inc. is considering selling its women’s health portfolio, Apple has discussed a deal with iHeartMedia about taking a stake in the company, and Ping An Insurance is planning to float its health care technology business.

  • November 1, 2018

    Tilton Cos. Excluded From Zohar Ch. 11 Reports

    Citing the case’s extraordinary sensitivities, a Delaware bankruptcy judge on Thursday approved the withholding of all financial information regarding the Lynn Tilton-controlled portfolio companies now being “monetized” as part of a Chapter 11 for Tilton’s Zohar funds.

  • November 1, 2018

    3 Firms Steer $948M Deal To Take OneSpaWorld Public

    Haymaker Acquisition Corp. on Thursday agreed to buy and publicly list private equity-backed OneSpaWorld, which provides health and wellness products and services on cruise ships and in global destination resorts, in a deal that is worth $948 million and was guided by DLA Piper, Ellenoff Grossman & Schole, and Kirkland & Ellis LLP.

  • November 1, 2018

    Holland & Knight Adds Tax Partner In Dallas

    Holland & Knight LLP said a former Hunton Andrews Kurth LLP attorney experienced in federal income taxation of private equity, hedge funds, and mergers and acquisitions has joined the firm as a partner in its Dallas office.

  • November 1, 2018

    Icahn Funds Seek Dell's Books Over Stock Exchange Proposal

    A group of funds affiliated with investor Carl Icahn filed a petition late Wednesday in Delaware Chancery Court seeking to inspect the corporate books and records of Dell Technologies to look into a proposed stock exchange transaction the funds allege offers unfairly low value to certain investors.

  • November 1, 2018

    Cloud Automation Co. HashiCorp Snags $100M Investment

    Cloud-focused technology company HashiCorp on Thursday said investors contributed another $100 million in its latest funding round as the firm looks to forge ahead with product development and additional hiring to support its infrastructure automation platform.

  • November 1, 2018

    Gibson, Simpson Aid $160M AllianceBernstein Loan To Carlyle

    Gibson Dunn & Crutcher LLP represented AllianceBernstein LP in connection with its $160 million loan to Simpson Thacher & Bartlett LLP-counseled private equity shop Carlyle Group LP for dozens of commercial condo units at a property on United Nations Plaza in Manhattan, according to records made public in New York on Thursday.

  • November 1, 2018

    KKR Pares Gardner Denver Stake With $515M Offering

    Industrial equipment manufacturer Gardner Denver Holdings Inc. said Thursday that Kohlberg Kravis Roberts & Co. LP-affiliated investment funds will sell off 20 million company shares, bringing in $515 million for the private equity giant in a secondary offering.

  • November 1, 2018

    Jenner, Gibson Guide $630M Sale Of Water Co. To PE Shop

    Switzerland-based Lonza Group AG has agreed to sell its water care business to Los Angeles-headquartered Platinum Equity for $630 million, the companies said Thursday, in a deal guided by Jenner & Block LLP and Gibson Dunn & Crutcher LLP.

Expert Analysis

  • Opinion

    Skip The New 'Civility Courses' And Think Like A Lawyer

    Alex Dimitrief

    As we watch what passes for political discourse in our nation’s capital, it’s understandable that universities are launching programs on how to cope with ideological disputes. But our country needs fewer people who profess to be open-minded and more people who engage in and honor the conclusions of reasoned debates, says Alex Dimitrief of General Electric Co.

  • Beware Pitfalls In Private Equity Secondary Transactions

    Katherine Ashton

    The U.S. Securities and Exchange Commission's recent settlement with VSS Fund Management shows that secondary liquidity solutions for private equity funds can be rife with conflicts of interest, say attorneys with Debevoise & Plimpton LLP.

  • Why Law Firms Should Monitor The Dark Web

    Anju Chopra

    Dark web monitoring allows law firms to see what sensitive information may have made its way onto the thriving global underground marketplace where cybercriminals buy and sell exposed data. It can also help lawyers advise clients on a wide range of legal and business matters, say Anju Chopra and Brian Lapidus of Kroll.

  • Does Rule 45 Protect Nonparties From Undue Burden?

    Matthew Hamilton

    Interpretations of Rule 45 protections vary but what's clear is that "undue burden" does not mean no burden at all. To avoid the costs of compliance with a subpoena, a nonparty should be ready to demonstrate its disinterest in the litigation and the anticipated cost and burden of compliance, say attorneys at Pepper Hamilton LLP.

  • How US And EU Sanctions Clash With Russian Antitrust Laws

    Stefan Weber

    U.S. and EU sanctions on Russia are forcing many international companies to carefully evaluate and restructure their contractual relationships with Russian counterparties. In this process, Russian antitrust law provides obstacles that may be difficult to overcome in some situations, say attorneys with Noerr Consulting AG.

  • How Corporate Reputation Risk Is Exacerbating D&O Liability

    Nir Kossovsky

    At a time when the materiality of corporate reputation risk is widely recognized, but institutional safeguards against that risk are not, what are the implications for directors and officers? The current state of play is not comforting, says Nir Kossovsky of Steel City Re.

  • US' Secondary China Sanctions Signal New Risks For Cos.

    Ama Adams

    Last week, the U.S. government imposed broad sanctions on a component of the Chinese military — the first time that the U.S. has exercised its authority to impose secondary sanctions against non-U.S. parties for transactions occurring outside of the United States. This signals an era of expanded risks for U.S. and non-U.S. companies alike, say attorneys at Ropes & Gray LLP.

  • 5 More GC Tips For Succeeding As A New Associate

    Jason Idilbi

    Jason Idilbi, former BigLaw associate and general counsel of the tech startup Passport Labs Inc., returns to Law360 to share recent thoughts on best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.

  • Series

    Judging A Book: Block Reviews 'Tough Cases'

    Judge Frederic Block

    In a new, extraordinary book, "Tough Cases: Judges Tell the Stories of Some of the Hardest Decisions They’ve Ever Made," 13 of my judicial brethren have courageously and dramatically humanized the judicial process, says U.S. District Judge Frederic Block of the Eastern District of New York.

  • Election Interference Sanctions Expand Compliance Risks

    Nicole Erb

    President Donald Trump issued an executive order this month authorizing new sanctions against parties determined to have interfered in U.S. elections. In the event more sanctions are imposed, the number of sanctions targets could increase significantly, placing additional importance on screening of transaction parties and their ownership structures, say attorneys at White & Case LLP.