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Private Equity

  • June 11, 2018

    Simpson Thacher Leads KKR In $10B Envision Healthcare Buy

    KKR, led by Simpson Thacher & Bartlett LLP, revealed Monday it will buy physician-led services and post-acute care provider Envision Healthcare in a $9.9 billion deal, including debt.

  • June 8, 2018

    Taxation With Representation: Fenwick, Latham, Vinson

    In this week’s Taxation with Representation, Microsoft acquired GitHub for $7.5 billion, Global Infrastructure Partners bought all of Devon Energy Corp.’s interests in EnLink Midstream Partners LP for $3.13 billion, and Taylor Morrison scooped up AV Homes Inc. for $963 million.

  • June 8, 2018

    Deals Rumor Mill: Comcast, Dialog, Linde-Praxair

    Europe’s antitrust watchdog will reportedly give Comcast’s deal to buy Sky PLC its stamp of approval, Dialog Semiconductor is in negotiations with Synaptics, and Linde AG and Praxair Inc. narrowed the bidders for a trove of assets worth $4 billion.

  • June 8, 2018

    6 Firms To Steer 7 IPOs Exceeding $1.4B As June Gets Hot

    Six law firms plan to guide seven initial public offerings slated to raise more than $1.4 billion during the week of June 11, kicking the IPO season into high gear with businesses spanning the technology, life sciences, energy, transportation and education industries plus a fintech-focused blank check company.

  • June 8, 2018

    MoFo's Blackstone Hire Adds Business Lens To REIT Practice

    When Jay Blaivas jumped from the Blackstone Group LP to Morrison & Foerster LLP, he brought his experience from inside the deal-making business, which he can use to benefit his new real estate clients, Blaivas told Law360 in a recent interview.

  • June 8, 2018

    Gibson, Fried Frank Aid $190M Blackstone-Tishman NYC Loan

    Gibson Dunn & Crutcher LLP represented Blackstone Mortgage Trust Inc. in connection with its $190 million loan to Fried Frank Harris Shriver & Jacobson LLP-counseled Tishman Realty Corp. for a hotel that includes restaurant and retail space on West 44th Street in Manhattan, according to records made public in New York on Friday.

  • June 8, 2018

    AmTrust Investor Slams Sweetened $2.95B Take-Private Offer

    One of AmTrust’s self-described largest shareholders on Friday cried foul at the sweetened offer to take the insurer private for $2.95 billion, accusing the founding family members and Stone Point Capital-managed private equity funds proposing the deal of bluffing about their offer’s rigidity.

  • June 8, 2018

    Italian Soccer Club, VC Firm Settle Investment Fight

    An Italian soccer club and suburban Philadelphia venture capital firm embroiled in a lawsuit over a soured multimillion-dollar investment deal have settled the case, according to an order filed Friday in Pennsylvania federal court.

  • June 8, 2018

    Ant Financial Inks $14B Financing Agreement With Investors

    Chinese payments company Ant Financial has received roughly $14 billion in financing from a group of private investors, with plans to expand across the world, invest in technology and hire new talent, it said Friday.

  • June 8, 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 Latham & Watkins and Willkie Farr. Here, Law360 recaps the ones you might have missed.

  • June 7, 2018

    Deals Rumor Mill: T-Mobile, Go-Jek, Deutsche

    The U.S. Department of Justice is taking a look at the proposed merger between Sprint and T-Mobile, Indonesian ride-hailing company Go-Jek received a $1 billion funding offer, and Deutsche Bank’s chairman has been talking to shareholders about a deal with Commerzbank.

  • June 7, 2018

    RPX Hit With Shareholder Class Action Over $555M Buyout

    An RPX Corp. shareholder sought to stall the patent risk and discovery management firm’s $555 million acquisition by the private equity firm HGGC LLC, alleging in a proposed class action filed in California federal court Thursday that RPX didn’t go to the highest bidder and that public filings on the deal lacked detail.

  • June 7, 2018

    Health Care REIT Strikes €1.6B JV Deal For German Hospitals

    Health care real estate investment trust Medical Properties Trust Inc. struck a €1.63 billion ($1.95 billion) joint venture deal with European wealth management and real estate firm Primonial Group involving a set of MPT-owned hospitals in Germany, the companies said Thursday.

  • June 7, 2018

    Paul Weiss Reps Taylor Morrison In $963M AV Homes Deal

    Taylor Morrison Home Corp. on Thursday said it will pay $963 million to take over private equity-backed fellow homebuilder and developer AV Homes Inc., with Paul Weiss Rifkind Wharton & Garrison LLP guiding the buyer.

  • June 7, 2018

    AmTrust Take-Private Offer Sweetened To $2.95B

    AmTrust Financial Services on Thursday said founding family members and private equity funds managed by Stone Point Capital raised their cash offer to take the company private, now valuing the insurer at roughly $2.95 billion, a proposal met with approval by activist investor Carl Icahn, who had protested the earlier offer in Delaware Chancery Court.

  • June 6, 2018

    Real Estate Rumors: Blackstone, Gazit-Globe, Kendall Int'l

    Blackstone is reportedly close to selling a Chicago-area office complex for $84 million, Gazit-Globe is said to have invested $40 million in a Brooklyn mall and Kendall International Investment Group is reportedly seeking to add 37 rooms to a Miami hotel.

  • June 6, 2018

    Deals Rumor Mill: PetSmart, Azelis, BHP

    PetSmart has tapped restructuring advisers to help trim its debt, British private equity firm Apax Partners is considering selling off Azelis SA, and oil giants including BP Plc and Chevron Corp. have bid for the U.S. shale portfolio of Australian mining giant BHP Billiton Ltd.

  • June 6, 2018

    Jessica Alba's Honest Co. Nabs $200M From L Catterton

    Private equity firm L Catterton has agreed to take a $200 million minority stake in The Honest Co., a Los Angeles-based consumer products company founded by actress Jessica Alba, the companies said on Wednesday.

  • June 6, 2018

    Nasdaq Withdraws Proposal To Ease SPAC Listing Rules

    Nasdaq Stock Market has withdrawn a proposal to ease its listing rules for special purpose acquisition companies, which are increasingly popular vehicles that conduct initial public offerings to fund acquisitions, the U.S. Securities and Exchange Commission said on Tuesday.

  • June 6, 2018

    Tronc's Ex-Chairman Scraps Planned $208.6M Sale Of Stake

    The former chairman of Chicago-based Tronc Inc. said he scrapped plans to sell his more than one-quarter stake in the newspaper publisher for $208.6 million after the prospective buyer, McCormick Media, breached its obligations under their purchase agreement.

Expert Analysis

  • Avoiding Pitfalls In Physician Practice Acquisitions

    Excerpt from Lexis Practice Advisor
    William Eck

    The past few years have seen a resurgence in the acquisition of physician practices, both by hospitals and by private equity firms. However, acquiring a physician group carries special challenges in view of the heavy regulation of the health care provider industry, says William Eck of Seyfarth Shaw LLP.

  • Battery Supply Chain: A Unique Growth Opportunity

    Rebecca Campbell

    Battery materials and electric vehicles offer something unique to today’s commodity producers and investors: a sustainable growth story that is not just China-dependent. The exponential growth in demand is creating a scramble for resources not seen since the last great commodity supercycle, say attorneys with White & Case LLP.

  • Common Pitfalls In Cross-Border M&A

    Siegmar Pohl

    When negotiating and closing deals between U.S. and European or Asian companies, applying well-known principles of one jurisdiction can sometimes lead to unexpected outcomes in another. Siegmar Pohl and Shin Iwata of Squire Patton Boggs LLP discuss hidden liabilities, cultural differences and other surprises in cross-border mergers and acquisitions.

  • Best Practices For Building A Better Meeting

    Nicholas Cheolas

    How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.

  • 5 Ways Law Firms Are Becoming More Like Hotels

    Bella Schiro

    One way law firms differentiate themselves from the competition to attract and retain top talent is through their real estate and workplace strategies. Taking a lead from the hospitality industry can help create a more inviting, welcoming and collaborative workspace environment, says Bella Schiro of Jones Lang LaSalle Inc.

  • The Impact Of Tax Reform On Film, TV And Print Media: Part 2

    Michele Alexander

    The Tax Cuts and Jobs Act has imposed new limitations on a corporation’s ability to take advantage of net operating losses. Certain changes will disproportionately affect media companies, impacting their debt restructuring, acquisition and disposition strategies, say Michele Alexander and Ryan Davis of Bracewell LLP in New York.

  • Opinion

    Gorsuch's 1st Year Shows He Is A Conservative Activist

    Elliot Mincberg

    In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.

  • Trump Tariffs May Violate Investment Treaty Protections

    Javier Rubinstein

    Foreign companies affected by the America First tariffs should consider the extent to which such tariffs may violate their rights under applicable investment treaties or free trade agreements, and thus may provide them with recourse in international arbitration for the harm they have suffered, say Javier Rubinstein and Lauren Friedman of Kirkland & Ellis LLP.

  • Leveling The Purchase Price Adjustment Playing Field

    Jordan Weiss

    M&A contracts often set forth a detailed methodology for arriving at the actual working capital of the business at close. Notably, they almost never contemplate the failure of the buyer to deliver its calculation of working capital by the deadline, say Jordan Weiss and Jenna Newmark of Goodwin Procter LLP.

  • 4 Nettlesome Issues For Private Equity Management

    Benjamin Ferrucci

    Tax reform's modification of the carried interest rules received a lot of attention. However, reform did little else to alter the private equity landscape, and private equity portfolio managers still must address four particularly troublesome compensation issues, says Benjamin Ferrucci, a partner at Locke Lord LLP in Boston.