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Private Equity

  • September 7, 2018

    MoFo Steers Sonatype In $80M TPG-Led Investment

    Privately held Sonatype, advised by Morrison & Foerster LLP, on Friday said it nabbed $80 million in a TPG Capital-led minority investment that also included current investors California-based venture capital firms Accel and Hummer Winblad Venture Partners, as well as Goldman Sachs Group.

  • September 7, 2018

    Munger Tolles Adds Ex-Sidley Austin Corporate Pro

    Munger Tolles & Olson LLP said it has hired from Sidley Austin LLP a corporate attorney with nearly two decades of experience advising clients on mergers and acquisitions, corporate governance, finance and other transactions.

  • September 7, 2018

    Deals Rumor Mill: Corpfin Capital, HNA Group, Delta

    Corpfin Capital closed its latest buyout fund at €275 million ($318 million), HNA Group is planning on selling all of its stake in Deutsche Bank AG, and Delta Air Lines is looking to woo a buyer for Monroe Energy’s gas and diesel business by offering up a stake in the oil refiner.

  • September 7, 2018

    2 Blank-Check IPOs Raise $975M To Pursue Acquisitions

    Churchill Capital Corp. priced an upsized $600 million initial public offering on Thursday to help fund a potential acquisition of a data or analytics business, topping another blank-check company that priced its own $375 million IPO this week, bringing the combined total of the deals to $975 million.

  • September 7, 2018

    SEC Wins $63M Clawback From Family Of Fugitive Oak Exec

    A Connecticut federal judge gave the green light Thursday for the U.S. Securities and Exchange Commission to claw back almost $63 million from the wife and children of a former Oak Investment Partners executive who is on the lam over a $67 million fraud scheme.

  • September 7, 2018

    Don't Miss It: Sidley, Gibson Dunn Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Sidley Austin and Gibson Dunn. Here, Law360 recaps the ones you may have missed.

  • September 7, 2018

    Litigation Funder Adds 8 In UK With An Eye On Group Claims

    Litigation funder Augusta Ventures has boosted its London team with a string of high-profile hires from firms like Hogan Lovells, Eversheds Sutherland and Hausfeld LLP as it signaled plans to pursue larger-scale cases.

  • September 6, 2018

    Claire's Ch. 11 Plan Faces Objections, Remains Open To Bids

    Fashion accessory retailer Claire’s Inc. remained open for bids in Delaware Bankruptcy Court Thursday after reporting that it had received no offers to compete with its initial buyer proposal before the company’s original Aug. 31 deadline.

  • September 6, 2018

    Tesla, Musk Hit With Another Suit Over Take-Private Tweets

    Tesla Inc. and its controversial CEO Elon Musk were hit with yet another investor class action in California federal court Thursday over Musk's tweets about potentially taking the company private, this time by a prominent short-seller and stock commentator who claims short-sellers were particularly targeted by Musk's dubious tweets.

  • September 6, 2018

    Abiomed Seeks Quick Win In Fired Exec's $2.1M Equity Suit

    Abiomed, a medical implant maker, asked a Massachusetts federal judge Thursday for a win in a suit the company faces brought by a former executive who claims he was fired right before a lucrative deal came though, costing the fired employee more than $2 million in company stock.

  • September 6, 2018

    VC-Backed Upwork, Guardant File IPOs Totaling $200M

    A freelance marketplace and cancer diagnostics company filed initial public offerings preliminarily estimated to raise $200 million combined on Thursday, adding to a growing list of companies that have either filed IPOs or launched marketing roadshows since Labor Day.

  • September 6, 2018

    Deals Rumor Mill: Columbia Property, Abraaj, Lianjia

    Columbia Property Trust has reportedly tapped Morgan Stanley to advise it after the real estate investment trust received interest in being taken over, Abraaj’s fund unit is said to have received a bit of a single dollar from Actis, and Lianjia wants to raise roughly $2 billion from Tencent, Warburg Pincus and others.

  • September 6, 2018

    Davis Polk, Wachtell Steer $1.5B SS&C, Intralinks Tie-Up

    SS&C Technologies Holdings Inc. on Thursday said it will acquire financial technology business Intralinks Holdings from affiliates of private equity firm Siris Capital Group LLC in a $1.5 billion deal, with Davis Polk Wardwell LLP and Wachtell Lipton Rosen & Katz guiding the buyer and seller, respectively.

  • September 6, 2018

    KKR Rakes In $7.4B For 3rd Global Infrastructure Fund

    KKR & Co. LP has completed fundraising for its third global infrastructure fund after collecting $7.4 billion from investors, with plans to target "critical infrastructure investments" in a range of sectors, including energy, waste and social infrastructure, the private equity firm said Thursday.

  • September 6, 2018

    Oberland Capital Reaps $800M For Second Fund

    Health care-focused private investment firm Oberland Capital on Thursday said it closed its second royalty and credit opportunities fund after reaping $800 million from pension plans, endowments and foundations from the United States, Europe and the Middle East.

  • September 6, 2018

    LaSalle Ditches Blackstone Deal For $5.2B Pebblebrook Bid

    Maryland-based LaSalle Hotel Properties on Thursday ditched a planned sale to Blackstone Group LP in favor of a sweetened $5.2 billion takeover by Pebblebrook Hotel Trust, after the private equity firm opted not to up its deal terms.

  • September 5, 2018

    Crestview Sues Oxbow In Chancery For Mintz Levin Pay Docs

    Minority investors who won a Chancery Court order compelling the sale of William I. Koch’s multibillion dollar Oxbow Carbon LLC last month sued again late Tuesday seeking records on Oxbow payments to his personal attorney, Mintz Levin Cohn Ferris Glovsky & Popeo PC, and other firms.

  • September 5, 2018

    Deals Rumor Mill: Tribune, JM Holding, Societe Generale

    Tribune Media is reportedly hunting for a new deal, JM Holding is considering selling part of the company, and Societe Generale’s Eurobank has received offers from Alior Bank and Bank Millennium.

  • September 5, 2018

    Bio-Focused VC Firm Westlake Scores $320M 1st Fund

    Newly launched investment firm Westlake Village BioPartners said Wednesday its first-ever fund scored $320 million in commitments from investors as it looks to make a major impact in the life sciences field.

  • September 5, 2018

    Solera Pursues $51M Coverage For Del. Appraisal Action

    Solera Holdings Inc. has sued its directors and officers insurance carriers in Delaware state court, saying the insurers have wrongfully refused to help cover either the $13 million the company spent defending stockholders’ challenge to its $6.5 billion buyout by Vista Equity Partners LP or the $38 million in interest it was ordered to pay following a judge’s appraisal ruling.

Expert Analysis

  • Series

    Clerking For Ginsburg: The Equality Lessons

    Margo Schlanger

    In 1993, Ruth Bader Ginsburg was confirmed to the U.S. Supreme Court, and I began my two-year clerkship with her. In her first opinion as a justice, and in dozens since, Justice Ginsburg reminded us how the law needs to operate if equality is to be a reality, says Margo Schlanger, a professor at the University of Michigan Law School.

  • NY Commercial Division Backs Technology-Assisted Review

    Elizabeth Sacksteder

    Neither the Federal Rules of Civil Procedure nor most state procedure codes expressly address whether, in what circumstances, or how a party may use technology-assisted review to fulfill its disclosure obligations. A new rule introduced last week by the Commercial Division of the New York Supreme Court aims to fill that gap, say Elizabeth Sacksteder and Ross Gotler of Paul Weiss Rifkind Wharton & Garrison LLP.

  • 3 Risk Areas In Lower Middle Market For PE Sponsors

    Saul Rostamian

    While private equity sponsors have always had to balance the strength of the business opportunity in a potential acquisition against any risks identified during legal diligence, new risks and new solutions in the lower middle market merit a fresh look, say Saul Rostamian and Megan Whipp of Winston & Strawn LLP.

  • Considerations When Purchasing Tax Receivable Agreements

    Adam Greenwood

    One consequence of last year’s tax reform has been a substantial increase in investor interest in acquiring tax receivable agreement payment rights, particularly by hedge funds, family offices and special purpose private investment funds. Though terms and companies will vary, there are certain features that an investor should always analyze prior to acquiring rights under a TRA, say attorneys at Ropes & Gray LLP.

  • The Future Of Authenticating Audio And Video Evidence

    Jonathan Mraunac

    The recent emergence of artificial intelligence-based technology has prompted serious concerns about the future integrity of recordings. Attorneys must think critically about standards for authenticating audio and video evidence as well as legislative and regulatory safeguards to discourage pervasive manipulation and forgery, says Jonathan Mraunac of Ogletree Deakins Nash Smoak & Stewart PC.

  • Opinion

    Law360's Global 20 Doesn't Acknowledge Global Networks

    Glenn Cunningham

    While I read with interest Law360's report analyzing the top 20 global law firms of 2018, I also noticed it doesn't tell the whole story. Global networks of independent law firms compare favorably with multinational firms in terms of geographic coverage, legal expertise, and awareness of local cultures and customs, says Glenn Cunningham of Interlaw Ltd.

  • 3 Cautionary Tales For Buyers Of Bankruptcy Claims

    Nancy Peterman

    Courts have usually provided little guidance regarding problems that might affect the use of claims purchased in bankruptcy cases for strategic reasons. With three recent decisions, this dynamic has begun to change, say Nancy Peterman and John Elrod of Greenberg Traurig LLP.

  • What Kavanaugh's Writing Tells Us About His Personality

    Matthew Hall

    People with certain personality traits tend to use certain words. A computer analysis of Judge Brett Kavanaugh’s D.C. Circuit opinions reveals that he is highly extraverted, which means that he would be a prominent voice on the U.S. Supreme Court, says Matthew Hall, a professor at the University of Notre Dame.

  • Del. Ruling Offers Trade Secret Reminders For Startups

    Josh Fowkes

    The Delaware Chancery Court's recent decision in Alarm.com v. ABS highlights the tension an emerging company often faces with its potential outside investors over its trade secrets, say Josh Fowkes and Brandi Howard of Arent Fox LLP.

  • Opinion

    3 Pros, 3 Cons Of Litigation Finance

    Ralph Sutton

    An educated guess puts the number of new litigation funders launched in the past 18 months at 30 — an astonishing number, with more to come. Is this a blessing to our legal system or something more akin to tulip mania? Maybe both, says Ralph Sutton, founder and CEO of litigation funding firm Validity Finance LLC.