Private Equity

  • February 12, 2018

    Scotiabank Expands Investment Biz With $950M Deal

    Scotiabank, Canada’s international bank, has agreed to purchase Montreal-based investment firm Jarislowsky Fraser for $950 million, the bank said Monday.

  • February 12, 2018

    Deals Rumor Mill: Comcast, Apollo Global, Sok

    Comcast may look to buy assets from 21st Century Fox despite the blockbuster deal Fox previously inked with Disney, Apollo is partnering with one of the Netherlands’ largest pension funds on an attempted acquisition of Akzo Nobel’s specialty chemicals business, and four Turkish companies are expected to go public in May.

  • February 12, 2018

    Del. Court OKs Potential Exit For Oxbow Carbon Investors

    A Delaware Chancery Court ruling opened the door Monday to a possible receiver-supervised sale of William I. Koch’s $2.6 billion Oxbow Carbon LLC, after finding that the company took unfair advantage of gaps in the company’s membership agreement to block investor cashout efforts.

  • February 12, 2018

    Hunton, Sidley Steer $385M NYC Hotel Refinancing

    Hunton & Williams LLP represented Hersha Hospitality Trust and Sidley Austin LLP guided private equity shop Cindat Capital Management Ltd. in connection with a $385 million deal unveiled Monday to refinance a portfolio of hotels in New York City.

  • February 12, 2018

    Orion Energy Snags $816M For Latest Credit Fund

    Private equity firm Orion Energy Partners raked in $816 million for a new credit fund, saying Monday that it will use the influx of cash to build a portfolio specializing in middle-market energy infrastructure businesses.

  • February 12, 2018

    Lenders Pledge $100B As Broadcom Tries To Woo Qualcomm

    A group of 12 lenders that includes private equity firms and banks has agreed to commit up to $100 billion in total financing for Broadcom Ltd.’s proposed acquisition of Qualcomm Inc., even though the California chipmaker rejected a Broadcom takeover offer last week, Broadcom said Monday.

  • February 12, 2018

    YapStone Snags $71M In Series C Funding

    California-based YapStone Inc., a company that provides payment processing for online and mobile transactions for apartment and vacation rental companies, raised $71 million from Mastercard, Accel and others in its first closing in a Series C funding round, the company said on Monday.

  • February 12, 2018

    Health-Focused PE Firm 1315 Capital Closes $300M Fund

    Philadelphia-based private investment firm 1315 Capital, which specializes in medical technology companies, has closed its second fund at more than $300 million, the company said Monday.

  • February 12, 2018

    Euromoney Sells Market Intelligence Biz In $180.5M Deal

    Financial publisher Euromoney Institutional Investor PLC said Monday it will sell its market information unit to a consortium consisting of the private equity arm of Citic Capital Holdings Ltd. and the global arm of Chinese business news firm Caixin Media in a $180.5 million deal.

  • February 9, 2018

    Aerogroup Licensee Opposes Sale That Would End Its Rights

    A licensing partner of bankrupt shoe and accessory retailer Aerogroup International Inc. objected Friday to the debtor’s proposed sale of its assets, arguing that it would breach their long-term licensing deal.

  • February 9, 2018

    Don't Miss It: Hot Deals & Firms We Followed In Last 2 Weeks

    With so much mergers and acquisitions news in the last two weeks, you may have missed several deals announced in recent days helmed by law firms including Milbank Tweed Hadley & McCloy LLP and Wachtell Lipton Rosen & Katz. Here, Law360 recaps that ones you might have missed.

  • February 9, 2018

    Kirkland Lands Ex-Latham Private Equity Co-Chair In NY

    Kirkland & Ellis LLP announced Tuesday that the former global co-chair of Latham & Watkins LLP’s private equity practice has joined the firm as a corporate partner in its New York office.

  • February 9, 2018

    Market Volatility Threatens To Stall IPO Momentum

    Sudden stock market volatility threatens to stall an initial public offerings market that was just beginning to show momentum, experts say, likely resulting in fewer deals and lower offer prices, though it’s premature to say IPOs will shut down entirely.

  • February 9, 2018

    How To Guide Your PE Clients Through Succession Planning

    Leadership transitions at private equity firms are happening with more frequency as founders age toward retirement, but the process of putting together a succession plan that will unfold without a hitch is no easy task and requires counsel that can simultaneously manage delicate egos and navigate tricky legal issues.

  • February 9, 2018

    Deals Rumor Mill: Remington, Ant Financial, Cirsa Gaming

    Gun maker Remington is looking for financing to let it file for bankruptcy, Ant Financial is looking to raise up to $5 billion and Cirsa Gaming has received acquisition interest from private equity firms and rival gaming companies alike.

  • February 9, 2018

    Taxation With Representation: Wachtell, Weil, Latham

    In this week’s Taxation With Representation, NuStar Holdings merged with a subsidiary to create a $7.9 billion partnership, Kroger made a $2.15 billion convenience store sale to EG Group, Enduring Resources bought WPX Energy’s San Juan Basin oil holdings for $700 million, and Tronc sold the Los Angeles Times and other newspapers to Nant Capital for $500 million.

  • February 9, 2018

    Kindred Shareholders Sue Over $4.1B Deal's Missing Info

    A putative class of Kindred Healthcare Inc. shareholders launched a lawsuit in Delaware federal court Thursday over its $4.1 billion acquisition by Humana and two private equity firms, alleging that the company filed an incomplete proxy statement that does not allow them to assess the fairness of the deal.

  • February 8, 2018

    Deals Rumor Mill: BlackRock, Bayer, Atlantia

    BlackRock wants to raise more than $10 billion to put toward equity investments, Bayer plans on selling off its global vegetable seeds business to ease EU concerns over its $63.5 billion bid for Monsanto, and Atlantia nabbed financing to up its bid to buy Spanish rival Abertis.

  • February 8, 2018

    Ropes & Gray Hit With Malpractice Suit By Fund Co-Founder

    The former co-head of a venture capital fund on Wednesday filed suit against the fund’s former law firm Ropes & Gray LLP, alleging that the firm helped his partner go behind his back to take over the company and saying that the firm’s efforts to cover its tracks only exacerbated the problem.

  • February 8, 2018

    PE Firm Bids $820M To Ramp Up Stake In Swedish Bank

    Private equity firm Nordic Capital and financial company Sampo announced a proposed cash offer on Thursday to purchase the outstanding shares of Swedish bank Nordax Group for 6.66 billion Swedish kronor ($820 million), solidifying themselves as the bank's largest shareholders.

Expert Analysis

  • The Latest In Private Equity Fee-Related Enforcement

    Michael Caccese

    The U.S. Securities and Exchange Commission’s settlement with TPG Capital Advisors extends a line of SEC actions against private equity managers alleging undisclosed fee and expense allocation practices and other undisclosed conflicts of interest. Private equity managers should take note of the SEC’s positions in this recent order, say attorneys with K&L Gates LLP.

  • Opinion

    This Year, Let’s Invest In Lawyer Resiliency

    krishtel.photo.jpg

    Highly profitable companies have comprehensive corporate wellness programs that realize plateauing health care costs, greater employee engagement, and a demonstrable competitive advantage. The legal field needs a similar awakening, says Rudhir Krishtel, a former partner of Fish & Richardson and senior patent counsel at Apple.

  • 5 Legal Technology Predictions For 2018

    Jeff Ton

    While each new year is expected to bring fresh challenges to the legal industry, 2018 will be particularly disruptive to the status quo. Both law firms and organizations that cater to the legal community should prepare for developments like increasing pressure from international clients and data security risks caused by multigenerational gaps, says Jeff Ton of Bluelock LLC.

  • Litigation Finance Trends To Watch In 2018

    Jay Greenberg

    Jay Greenberg and Max Volsky, co-founders of litigation finance platform LexShares Inc., analyze emerging trends based on conversations with their investors and executives in this rapidly evolving sector.

  • Dell Strongly Reinforces Importance Of Merger Price

    Edward Micheletti

    The Delaware Supreme Court’s recent appraisal decision in Dell v. Magnetar Global provides the strongest support yet for the concept of deferring to the merger price as the best evidence of appraisal value, say attorneys with Skadden Arps Slate Meagher & Flom LLP.

  • The Enneagram And The Practice Of Law

    Jennifer Gibbs

    Study of the Enneagram personality typing system can provide attorneys with better insights into themselves, and into those they interact with professionally, including clients, opposing counsel and judges, says Jennifer Gibbs of Zelle LLP.

  • Series

    Judging A Book: Tymkovich Reviews 'Gorsuch'

    Timothy Tymkovich

    John Greenya’s new book, “Gorsuch: The Judge Who Speaks for Himself,” offers readers something the confirmation hearings did not — the backstory of Neil Gorsuch and a glimpse of who Justice Gorsuch is, says Chief Judge Timothy Tymkovich of the Tenth Circuit.

  • 5 Things To Watch For In FCPA Enforcement This Year

    David Simon

    After much hand-wringing in 2017 about whether Foreign Corrupt Practices Act enforcement would diminish radically under President Donald Trump, it’s now safe to say that all signs point toward continued and vigorous enforcement, say attorneys with Foley & Lardner LLP.

  • Roundup

    5 Most-Read Legal Industry Articles Of 2017

    2017 Trends

    What business of law topics piqued reader interest in 2017? Take a look back at the year's five most-read legal industry articles from Law360 guest authors.

  • Spoliation Scrutiny: Disparate Standards For Distinct Mediums

    Robin Shah

    Two years ago, Federal Rule of Civil Procedure 37(e) was amended to provide a clearer road map for courts analyzing whether to permit sanctions for the spoliation of evidence. Yet there is still no specific guidance for when a sanctions request relates to electronically stored and nonelectronically stored information, says Skadden associate Robin Shah.