Private Equity

  • March 2, 2018

    Tribunal Wrongly Narrowed Polish Property Row, Court Says

    A Stockholm Chamber of Commerce arbitral tribunal wrongly narrowed a Luxembourg private equity company's claim against Poland over measures that precluded the company from developing a Warsaw apartment complex, an English court found Friday.

  • March 2, 2018

    Don't Miss It: Hot Deals & Firms We Followed This Week

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Jones Day and Goodwin Procter. Here, Law360 recaps the ones you might have missed.

  • March 2, 2018

    Lawyers Needed To Cut Through The Weeds Of Pot M&A

    As the Canadian market for cannabis-related transactions blazes on the news of the drug’s imminent legalization there, and public support grows for the U.S. to follow suit, M&A lawyers should be boning up now on the ins and outs of cannabis compliance.

  • March 2, 2018

    Taxation With Representation: Skadden, Jones Day, Kirkland

    In this week’s Taxation With Representation, AmTrust teamed up with Stone Point to go private in a deal valuing the insurer at $2.7 billion, Ocwen bought rival PHH for $360 million, and Spectrum Brands merged with HRG in a $10 billion deal.

  • March 2, 2018

    Deals Rumor Mill: SlimFast, United Grinding, IGM Resins

    The private equity owner of SlimFast Foods Co. is weighing a sale of the business, only one suitor remains in talks to buy Swiss-German machine toolmaker United Grinding Group and Dutch specialty chemical company IGM Resins is up for grabs.

  • March 2, 2018

    Calif. Atty Sued For $23M Over EB-5 Investor Scheme

    The court-appointed receiver for a private equity firm accused by the U.S. Securities and Exchange Commission of cheating 135 EB-5 immigrant investors out of millions filed a $23 million suit on Thursday in California federal court against an attorney and her law firm, saying she helped facilitate the scheme.

  • March 2, 2018

    PE-Backed Sports Retailer Grows Stake In UK's Debenhams

    Private equity-backed British sportswear retailer Sports Direct has increased its stake in department store chain Debenhams to 29.7 percent, according to a filing Friday on the London Stock Exchange.

  • March 2, 2018

    Tricida Secures $100M In Debt Financing For Latest Drug

    Tricida Inc. has scored $100 million in new financing from life science and technology-focused private equity firm Hercules Capital Inc., the biopharmaceutical company said Friday, as it looks to push forward in the development of its leading drug candidate for chronic kidney disease patients.

  • March 1, 2018

    $500M Weinstein Co. Sale Revived After Threat Of Bankruptcy

    A group of investors led by Maria Contreras-Sweet announced Thursday that it has worked out a $500 million deal to purchase the Weinstein Co. and relaunch the embattled film studio with a female-majority board, just days after the company said talks had broken down and it would have to file for bankruptcy.

  • March 1, 2018

    Ardian Raises $858M For Europe-Centered Real Estate Fund

    Global private equity investment firm Ardian has raised more than €700 million ($858.2 million) for a Europe-focused real estate fund, the company said Thursday.

  • March 1, 2018

    Tilton Presses To Keep Zohar Funds Suit In Del. Fed. Court

    A Delaware federal magistrate judge got it wrong when she concluded that a suit brought by three investment funds against their former manager Lynn Tilton should be sent to state court, Tilton told a Wilmington federal court on Wednesday.

  • March 1, 2018

    Deals Rumor Mill: Thomson Reuters, Fiat, Hermes

    Just under two dozen banks are expected to join the financing effort for the Blackstone-Thomson Reuters deal, Fiat Chrysler has seen interest for lines of its auto parts unit, and asset manager Hermes Investment Management is in talks to sell a sizable stake to Federated Investors.

  • March 1, 2018

    Jaffe Raitt Denied Retrial On $5M Negligence Verdict

    A Michigan federal judge on Wednesday denied Jaffe Raitt Heuer & Weiss PC a second chance after a trial finding the law firm was liable for almost $5 million for negligent advice about an acquisition deal, saying the jury's decision was supported by evidence.

  • March 1, 2018

    Barnes & Thornburg Adds IP, Corporate Attys In Chicago

    Barnes & Thornburg LLP has announced the addition of three attorneys from McDermott Will & Emery LLP and Perkins Coie LLP to its Chicago office’s intellectual property and corporate practices.

  • March 1, 2018

    PE Firm Advent International To Acquire Laird For £1B

    A wholly owned indirect subsidiary of private equity firm Advent International will acquire British electronics and technology business Laird for £1 billion ($1.4 billion), the firm said Thursday.

  • March 1, 2018

    AmTrust Valued At $2.7B In PE-Backed Go-Private Deal

    AmTrust Financial Services Inc. on Thursday said company CEO Barry D. Zyskind and directors George Karfunkel and Leah Karfunkel will team up with private equity funds managed by Stone Point Capital LLC to take the insurer private in a deal that values the company at around $2.7 billion.

  • March 1, 2018

    Treasury Plans To Ax Carried Interest Earnings Loophole

    The Internal Revenue Service gave notice Thursday that it intends to issue regulations aimed at eliminating a loophole in the new federal tax law that grants fund managers a preferential tax rate on carried interest earnings.

  • February 28, 2018

    Latham & Watkins Guides Spotify's Direct Listing

    Music streaming giant Spotify Technology SA, guided by Latham & Watkins LLP, filed plans Wednesday to list its shares publicly without raising new money, forging ahead with an unusual path to public markets that skips the typical capital raise associated with an initial public offering.

  • February 28, 2018

    'China's Netflix' Leads Two IPO Filings Totaling $1.7B

    Netflix-style online entertainment company iQiyi Inc. filed a $1.5 billion initial public offering late Tuesday, one of two Chinese issuers to join the U.S. IPO pipeline this week with filings totaling $1.7 billion.

  • February 28, 2018

    MedImmune Spins Drugs Into New Biotech Co., Raises $250M

    AstraZeneca biologics research and development arm MedImmune LLC on Wednesday said six of its drugs will be transferred to a new independent biotechnology company that took in $250 million from a number of investment firms during a recent funding round.

Expert Analysis

  • 6 E-Discovery Predictions For 2018

    Erich Potter

    Erich Potter, discovery counsel with Oles Morrison Rinker & Baker LLP, discusses six ways e-discovery will continue to excite and confound in 2018.

  • 2017 Del. Cases That Reflected Transformation In M&A Law

    Gail Weinstein

    The Delaware judicial framework for reviewing boards' M&A decisions has transformed in the past few years with cases such as Corwin, MFW and Trulia. This transformation has had dramatic effects, as reflected in and amplified by decisions issued in 2017, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • 6 Roles To Embrace In An Evolving Legal Industry

    Rob MacAdam

    Smart law firms are increasingly positioning professionals to proactively guide them as the legal landscape reshapes itself, harnessing six emerging roles within their organizational charts to embrace new approaches, tools and systems, says Rob MacAdam of HighQ.

  • 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

    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.