Private Equity

  • November 29, 2017

    REIT New Residential Snags Mortgage Originator For $190M

    Publicly traded real estate investment trust New Residential Investment Corp. on Wednesday said it inked a $190 million deal to acquire residential mortgage origination and investment company Shellpoint Partners LLC.

  • November 29, 2017

    Real Estate Rumors: Blackstone, Centennial, Siren Studios

    A Blackstone lending arm has reportedly loaned roughly $650 million for a New York condo tower project, Centennial Bank is said to have loaned $17.66 million for a Florida hotel project, and Siren Studios has reportedly sold its Los Angeles office and retail campus for about $60 million.

  • November 29, 2017

    BBVA Sells Real Estate Group Stake To Cerberus For €4B

    Spain’s Banco Bilbao Vizcaya Argentaria SA said Wednesday it will sell off 80 percent of its real estate business through a joint venture deal with Cerberus Capital Management LP that will see the private equity firm hand over around €4 billion ($4.74 billion) to the bank.

  • November 29, 2017

    KKR Collects $1.45B For Health Care PE Fund

    New York-based KKR & Co. LP has clinched a $1.45 billion investment vehicle that will focus on health care businesses based in the Americas, according to a Wednesday statement from the private equity giant.

  • November 28, 2017

    Gaw Venture Pays $3B For Hong Kong Retail Portfolio

    Link REIT has reached a deal to sell 17 Hong Kong shopping centers to a venture led by private equity shop Gaw Capital Partners for a whopping HK$23 billion ($3 billion), according to an announcement from the real estate investment trust Tuesday.

  • November 28, 2017

    PE-Backed Medpace Unveils 4M-Share Secondary Offering

    Private equity-backed contract research organization Medpace Holdings Inc. has proposed a secondary offering that would enable majority shareholder Cinven Capital Management to unload 4 million shares, potentially raising about $138.1 million based on the recent stock price.

  • November 28, 2017

    Deals Rumor Mill: Siemens Healthineers, Uber, Albea

    Siemens is leaning toward Frankfurt, Germany, for the initial public offering of its multibillion-dollar medical equipment business, SoftBank is leading a group of investors that will try to buy a sizable stake in Uber, and Sun Capital has received multiple offers for French packaging company Albea.

  • November 28, 2017

    Skadden Guides BlackRock Deal For $31B Citi Unit In Mexico

    BlackRock Inc. has inked an agreement to acquire the asset management division of Citigroup Inc.’s Mexican subsidiary, in a deal that adds to BlackRock’s portfolio a business with $31 billion worth of assets under management, according to a Tuesday statement.

  • November 28, 2017

    Sidley Hires 2 UK Private Equity Attys from Simpson Thacher

    Sidley Austin LLP has poached two counsel from Simpson Thacher & Bartlett LLP for its London office, the firm announced on Tuesday, as its global private equity practice in Europe continues to grow.

  • November 28, 2017

    Arby's Swallows PE-Backed Buffalo Wild Wings In $2.9B Deal

    Arby’s Restaurant Group Inc. has agreed to buy Buffalo Wild Wings Inc. from private equity firm Roark Capital Group for $157 per share, the companies said on Tuesday, in a deal with an enterprise value of roughly $2.9 billion.

  • November 27, 2017

    Disclosures Key In $2.2B Diamond-Apollo Merger Appeal

    Attorneys for a Diamond Resorts International shareholder told Delaware's Supreme Court on Monday that a vice chancellor misjudged the importance of Diamond’s founder’s undisclosed opposition to a $2.2 billion sale to private equity firm Apollo in dismissing a putative class suit claiming that stockholders weren't fully informed about the deal.

  • November 27, 2017

    Ropes & Gray Hires Investment Funds Counsel From Harvard

    Ropes & Gray LLP’s Boston office has bolstered its private investment funds practice with the addition of a counsel who previously helped manage private funds at an investment management company owned by Harvard University.

  • November 27, 2017

    Deals Rumor Mill: Springer Nature, Ping An, Bezeq

    An educational publishing company could be valued at €5 billion ($5.95 billion) in its IPO, the flotation of a Chinese online health care and medical platform could raise as much as $1 billion, and at least four suitors are vying for a controlling stake in Bezeq Israel Telecom.

  • November 27, 2017

    Wilson Sonsini Guides Barracuda’s $1.6B Sale To PE Firm

    Barracuda Networks Inc. said Monday it will go private after an all-cash sale to private equity firm Thoma Bravo LLC valued at $1.6 billion, with Wilson Sonsini Goodrich & Rosati PC representing the cloud security and data protection company.

  • November 27, 2017

    UK Real Estate Group Shelves IPO For Private Funding

    Real estate investor M7 Multi-Let REIT PLC said Friday it canceled plans for an estimated $400 million initial public offering on the London Stock Exchange and has opted instead to raise money privately, marking the latest of several pulled listings in the United Kingdom.

  • November 27, 2017

    Marlin Equity Inks $521M Deal To Take Bazaarvoice Private

    Global investment firm Marlin Equity Partners has agreed to take Texas-based product ratings platform provider Bazaarvoice Inc. private in a deal worth roughly $521 million, the companies said Monday.

  • November 27, 2017

    Kirkland Guides PE Firms In $300M Pearson Unit Buy

    London-based publisher Pearson PLC has sold its English-language training network, Wall Street English, for approximately $300 million to two private equity funds advised by Kirkland & Ellis, the company said Monday.

  • November 27, 2017

    UK's Balderton Raises $375M In Latest Tech-Focused Fund

    Technology-focused venture capital firm Balderton Capital (UK) LLP on Monday said it reaped $375 million from its latest fund, bringing the London-based firm’s total fundraising to $2.6 billion.

  • November 22, 2017

    Advanced Disposal Completes $151M Secondary Offering

    Solid waste company Advanced Disposal Services Inc. said Tuesday it has completed an underwritten secondary offering of its stock, allowing affiliates of infrastructure-focused private equity firm Highstar Capital and Brazilian financial firm BTG Pactual to cash in on their stakes in the company to the tune of $151 million.

  • November 22, 2017

    Ropes & Gray Taps PE Leader As Chicago Office Head

    Ropes & Gray LLP has chosen Neill Jakobe, a co-leader of its private equity industry group, as the new managing partner for its Chicago office, the firm announced Tuesday.

Expert Analysis

  • Make Way For The 'Unicorns'

    Lucy Endel Bassli

    By "unicorn" I don’t mean the next great tech startup with a valuation of $1 billion. I mean the new breed of lawyers realizing that there are better ways to get their day jobs done, says Lucy Endel Bassli, assistant general counsel leading the legal operations and contracting functions at Microsoft Corp.

  • Series

    Judging A Book: McConnell Reviews 'Unequal'

    Judge John McConnell

    As widespread claims of sexual misconduct continue to surface in the entertainment industry and beyond, a discussion of how judges treat workplace discrimination cases may be particularly timely. Here, U.S. District Judge John McConnell reviews the book "Unequal: How America’s Courts Undermine Discrimination Law," by professors Sandra Sperino and Suja Thomas.

  • Curing A Default: When Is It Too Late?

    Adam Wolk

    There remains some debate as to whether events of default can be cured in the absence of, or after the lapse of, an express cure period in credit agreements, and there is little judicial discussion on this specific scenario, say attorneys with Mayer Brown LLP.

  • Roundup

    Making Pro Bono Work

    Pro Bono Thumbnail

    In this series, attorneys explore the challenges and rewards of pro bono volunteering in the legal profession.

  • Being There: Preparing Witnesses For Depositions

    Alan Hoffman

    Preparing witnesses to be deposed is a critical element of discovery. It is important to remember that each witness is an individual with unique personal qualities, strengths and weaknesses. Getting to know the witness helps establish rapport and trust, says Alan Hoffman of Husch Blackwell LLP.

  • 10 Considerations When Selling To Private Equity Consortium

    John Pollack

    Doing a deal with a private equity consortium can be the best way to accomplish the seller’s objective — selling the target for the highest price reasonably attainable. But doing so may be a more challenging process than selling to a strategic buyer or a single private equity fund, say John Pollack and Daniel Alterbaum of Gibson Dunn & Crutcher LLP.

  • Series

    Making Pro Bono Work: Building Sponsorship Relationships

    Michael Scudder

    Within their first year, associates should make it a priority to take on a pro bono matter and approach a partner about supervising the project. By collaborating with a partner on a pro bono case, young associates can cultivate sponsorship relationships while simultaneously contributing to the public good, say Michael Scudder and Jay Mitchell of Skadden Arps Slate Meagher & Flom LLP.

  • Series

    Making Pro Bono Work: Beyond The Hurdles

    Ann Warren

    There are various barriers to corporate pro bono work, including lack of malpractice insurance coverage, limited resources, and the transactional nature of the majority of in-house legal work. But at the end of the day, we’ve overcome many of these barriers, says Ann Warren, associate general counsel of Duke Energy Corp.

  • 11th Circ. Just Got More Attractive For Business Bankruptcy

    Paul Steven Singerman

    The initial hurdle in every case involving bar order litigation is whether the bankruptcy court has jurisdiction to enter the proposed bar order. The Eleventh Circuit’s recent opinion in Fundamental Long Term Care offers the clearest statement to date of the law upholding the power of bankruptcy courts to issue bar orders, say attorneys with Berger Singerman LLP.

  • The Law Firm CFO’s Role In The Strategic Planning Process

    Tyler Quinn

    Today's law firm chief financial officer should be involved in many areas beyond traditional financial management, including operations, risk management and information technology. He or she can support strategic planning throughout the process, from development of the plan to its implementation, measurement and eventual evolution, say Tyler Quinn and Marc Feigelson of Kaufman Rossin PA.