Private Equity

  • 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.

  • November 22, 2017

    SPACs Grabbing Bigger Share Of IPO Market

    Initial public offerings by special purpose acquisition companies are growing at their most robust clip since before the financial crisis, giving more visibility to a once remote corner of the IPO market.

  • November 22, 2017

    Finance Group Slams Proposed $12B CFPB Student Loan Deal

    A national structured finance trade group attacked a proposed Consumer Financial Protection Bureau lawsuit settlement with owners of $12 billion in securitized student loans late Tuesday, saying the federal court deal in Delaware could destabilize the industry and economy.

  • November 22, 2017

    ChinaCast Reaches Deal To Advance Ch. 11 Plan Confirmation

    ChinaCast Education Corp. and a private equity firm sitting on a $66 million judgment against the defunct company asked a New York bankruptcy court Tuesday for a second chance at approval of a settlement, which would see them team up to pursue $30 million worth of the debtor’s insurance policies.

  • November 22, 2017

    Deals Rumor Mill: Bank of Sharjah, Penta Investments, Actis

    Two United Arab Emirates financial institutions could merge to create a single entity boasting about 50.6 billion dirhams, CEFC and Penta Investments are partnering on a bid for Time Warner’s Central European Media Enterprises, and Standard Chartered is nearing a sale of its real estate principal finance business.

  • November 22, 2017

    American Securities Sells SeaStar Solutions In $875M Deal

    Dometic Group has agreed to pay $875 million to buy SeaStar Solutions from American Securities LLC, the companies said Wednesday, adding to the Swedish recreational vehicle company's portfolio a provider of vessel control, fuel systems and system integration to the marine industry.

  • November 22, 2017

    Deal Makers Ready To Shake Off 2017’s Cloud Of Uncertainty

    Companies and financial sponsors are expected to dive back into dealmaking in the coming year as they opt to stomach any lingering uncertainty from global regulatory and political challenges in order to take advantage of favorable economics and tap into growth.

  • November 21, 2017

    Trustee Objects To Releases In Aerogroup Ch. 11 Plan

    The federal bankruptcy watchdog blasted the proposed Chapter 11 plan of women’s footwear maker Aerogroup International Inc. on Tuesday, telling a Delaware bankruptcy court the plan contains overly broad third-party releases and that an accompanying disclosure statement doesn’t give enough information.

  • November 21, 2017

    Deals Rumor Mill: AppLovin, Nestlé, SQM

    AppLovin and China’s Orient Hontai are altering their $1.4 billion deal to try to pass regulatory muster, Nestlé is among those wooing U.S. organic and vegetarian food maker Hain Celestial, and multiple suitors are vying for a roughly $4.8 billion stake in a Chilean lithium producer.

  • November 21, 2017

    Ardian Reacquires European Biz Process Outsourcing Firm

    Private equity outfit Ardian has agreed to reacquire Competence Call Center Group roughly four years after having sold the European business process outsourcing services provider to Silverfleet Capital, the companies said on Tuesday.

  • November 21, 2017

    Real Estate Rumors: Fisher, Oscar Barbara, Realterm

    Fisher Brothers has reached a deal to lease out 42,336 square feet in New York to private equity shop Global Infrastructure Partners, developer Oscar Barbara is said to have paid $12.6 million for a Florida shopping center and Realterm Logistics has reportedly dropped $16 million on a Florida warehouse.

  • November 21, 2017

    Del. Chancery Won't DQ Morris Nichols From Dollar Tree Case

    A Delaware Chancery Court judge Tuesday denied a request to disqualify Morris Nichols Arsht & Tunnell LLP from representing Dollar Tree in an ongoing dispute with spinoff company Dollar Express on the grounds that the law firm had given prior legal advice on the dividend distribution that is at the heart of the case.

  • November 21, 2017

    6D Global Settles Suit Over PE CEO's Stock Scheming

    Digital marketing company 6D Global Technologies Inc. will implement new training programs to settle claims that it failed to stop a private equity firm's CEO from manipulating its share price, the company and shareholders have told a New York federal judge.

  • November 21, 2017

    PE-Backed Cos. Unveil Secondary Offerings Totaling $470M

    Private equity-backed food distribution giant Performance Food Group Co. and software provider Black Knight Inc. priced secondary stock offerings raising a combined $470 million on Tuesday, enabling their private equity shareholders to unload sizable stakes in the companies.

Expert Analysis

  • 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.

  • Series

    Making Pro Bono Work: The Sidley-Exelon Partnership

    Kelly Huggins

    Exelon Corp. and Sidley Austin LLP have been working together on both short- and long-term pro bono matters for the past 10 years. We offer a glimpse of how we got started and what we have done in the hope that other corporate legal departments and law firms might find ways to work together to meet the legal needs of the poor, say Kelly Huggins, pro bono counsel at Sidley Austin, and Margaret Balsley-Cross, assistant general counsel at Exelon.

  • 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.

  • Recipe For Legal Project Management: Look To BBQ Champs

    Anthony Rospert

    As a master certified barbecue judge with the Kansas City Barbeque Society, I have noticed that the top pitmasters follow a consistent process in approaching each and every competition. Their "secret sauce" — employing project management principles — can also help lawyers achieve success, says Anthony Rospert of Thompson Hine LLP.

  • Series

    Making Pro Bono Work: Can You Practice In Your State?

    Eve Runyon

    The justice gap is a well-documented problem and over the past two decades, law firms have mobilized attorneys to provide millions of hours of pro bono every year. But for many in-house counsel, there remains a big hurdle — restrictive multijurisdictional practice rules, says Eve Runyon, president and CEO of Pro Bono Institute.

  • Opinion

    Representing Women At The Intersection Of Law And Finance

    Andrea Mitchell

    To the extent that companies have tolerated predominantly male leadership in the past because it was deemed necessary for growth and prosperity, or viewed diversity and the underrepresentation of women strictly as human resources issues, a growing body of research suggests otherwise, say Andrea Mitchell and Valerie Hletko of Buckley Sandler 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.

  • House Bill Would Raise Stakes Of Congressional Inquiries

    Steven Ross

    On Monday, the House passed a bill that, if enacted, would shift the current landscape regarding judicial review of congressional subpoenas and place significant burdens on all recipients of such subpoenas, say attorneys with Akin Gump Strauss Hauer & Feld LLP.