Private Equity

  • January 31, 2018

    Private Equity Group Of The Year: Simpson Thacher

    Simpson Thacher & Bartlett LLP's private equity team was on point in 2017, executing an array of deals for frequent clients like KKR and even boasting a banner two-deal day in July, making it one of Law360's Practice Groups of the Year.

  • January 31, 2018

    IT Staffing Firm Snaps Up Gov't Contractor In $775M Deal

    California-based information technology staffing firm On Assignment Inc. said Wednesday it struck a cash deal to buy a privately held cybersecurity-focused government services contractor for $775 million from its founder and majority owner and private equity firm Lindsay Goldberg.

  • January 31, 2018

    Paul Weiss, Debevoise Guide $2.4B Building Products Deal

    Building products company Ply Gem Holdings Inc. has agreed to be acquired by private equity firm Clayton Dubilier & Rice LLC in a $2.4 billion cash deal steered by Paul Weiss Rifkind Wharton & Garrison LLP and Debevoise & Plimpton LLP, the companies said Wednesday.

  • January 30, 2018

    Investors Seek Class Cert. In Deutsche RMBS Trustee Suit

    Bond investors suing Deutsche Bank National Trust Co. over its handling of nearly five dozen residential mortgage-backed securities trusts originally worth a combined $85.8 billion have urged a New York federal judge to certify their case as a class action.

  • January 30, 2018

    Blackstone Inks Deal For $20B Thomson Reuters Unit

    A consortium led by private equity giant The Blackstone Group LP agreed to buy a majority stake in Thomson Reuters’ financial and risk business in a deal that values the unit at roughly $20 billion, the pair said Tuesday, a day after the Canadian media and information company confirmed related talks.

  • January 30, 2018

    Aerogroup Pins Hopes On New Asset Auction Plan In Ch. 11

    Women's shoe maker Aerogroup International Inc. told a Delaware bankruptcy judge Tuesday that hopes for the confirmation of its Chapter 11 plan have dimmed and it is instead pursuing a sale and auction plan for its assets on a shortened schedule.

  • January 30, 2018

    Dog Walking App Company Fetches $300M From SoftBank

    A SoftBank investment fund has invested $300 million in an app that connects dog owners with dog walkers and dog sitters, the canine care app said Tuesday, a move that puts the Japanese company in the chairman’s seat on the app’s board of directors.

  • January 30, 2018

    Deals Rumor Mill: Walmart, Telecom Italia, InterCement

    Walmart is eyeing a stake in an Indian e-commerce company, Telecom Italia might spin off its network into a separate company, and Latin American cement giant InterCement Participações SA might be listing its European and African operations.

  • January 30, 2018

    Conservative Groups Seek To Peg Capital Gains To Inflation

    Approximately two dozen conservative groups called on President Donald Trump and Treasury Secretary Steven Mnuchin to index capital gains to inflation, saying in a letter on Monday that the status quo leads to a tax on nonexistent income.

  • January 30, 2018

    Ex-Life Time Exec To Cop Plea In Insider Trading Case

    A former Life Time Fitness Inc. executive intends to plead guilty to leaking information about the gym chain's planned private equity buyout to friends in exchange for a cut of their trading profits, prosecutors told an Illinois federal judge Tuesday.

  • January 30, 2018

    Real Estate Rumors: Morgan Stanley, Dalian Wanda, L+M

    Morgan Stanley is reportedly finalizing a deal to lease 125,000 square feet from Blackstone at Willis Tower, Dalian Wanda is said to be putting a Chicago mixed-use property and a California development up for sale, and L+M Development has reportedly bought a New York apartment complex for $43 million.

  • January 30, 2018

    CFIUS Approval Of Chip Deal Gives Hope To Foreign Cos.

    The Committee on Foreign Investment in the United States is notoriously tough on overseas deals, especially those involving China, but the recent approval of a Chinese company’s acquisition of a U.S. semiconductor equipment maker shows that because CFIUS considers each investment individually, there's hope even for foreign chipmakers looking to do deals.

  • January 30, 2018

    Irish Medical Device Co. Pockets €40M In Funding Round

    An Irish connected medical device company on Tuesday said it closed its latest funding round, led by European health care investor Gilde Healthcare, after reaping €40 million ($49.7 million) in investments.

  • January 30, 2018

    Transport Co. Rand Logistics Enters Ch. 11 With $236M Debt

    Sinking under $236 million in debt, Great Lakes bulk freight-mover Rand Logistics Inc. opened a sale-focused, prepackaged Chapter 11 in Delaware bankruptcy court early Tuesday, aiming to complete a debt-for-equity deal with an affiliate of private equity American Industrial Partners by March 16.

  • January 30, 2018

    Private Equity Group Of The Year: Ropes & Gray

    Ropes & Gray LLP led a business group’s $18 billion acquisition of Toshiba Corp.’s semiconductor business, showcasing its ability to create an intricate international deal on an epic scale, while also striking a series of other nine- and 10-figure deals notable in their own right, placing the firm among Law360’s Private Equity Practice Groups of the Year.

  • January 29, 2018

    PE Firm Can't Get Quick Win In Honeywell Chem Cleanup Row

    Indianapolis-based private equity firm Hammond Kennedy Whitney & Co. Inc. on Monday was denied a quick win against Honeywell International Inc., despite HKW's insistence it wasn't liable for the millions the appliance conglomerate must pay to clean up a chemical spill on the former owner's property.

  • January 29, 2018

    Deals Rumor Mill: Sky Betting, Autodis, Renesas

    CVC is reportedly mulling taking Sky Betting & Gaming public, Bain Capital has hired banks to aid it in an IPO of French spare car parts distributor Autodis, and Japanese semiconductor company Renesas Electronics could ink a nearly $20 billion deal for integrated circuit company Maxim Integrated.

  • January 29, 2018

    6 More Cos. Launch IPOs Totaling $1.4B As Pipeline Grows

    Six companies — including energy services providers, an asset manager, a marketing analytics firm and a drugmaker developing a biosimilar of Botox — launched six initial public offerings on Monday that are estimated to raise about $1.4 billion, engaging the work of 11 law firms.

  • January 29, 2018

    Comvest Partners Pockets $836M In Fourth Lending Fund

    The direct lending arm of West Palm Beach, Florida-based private investment firm Comvest Partners said Monday it has closed its fourth direct lending fund, Comvest Capital IV LP, after $836 million in commitments, well past its $650 million target.

  • January 29, 2018

    Health-Focused VC Firm Rebrands, Launches $100M Fund

    Health care-focused venture capital firm Long River Ventures on Monday announced it was rebranding as LRVHealth and launching a $100 million venture capital fund and a collaborative investment model to help it find and invest in early-stage medical device, digital health and diagnostic companies.

Expert Analysis

  • Series

    Judging A Book: Cooke Reviews 'Constance Baker Motley'

    Judge Marcia Cooke

    Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.

  • 6 Things You Need To Know About Millennial Jurors

    Zachary Martin

    Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.

  • Series

    40 Years Of FCPA: A View From The Monitorship Trenches

    Gil Soffer

    There have been many articles on the corporate monitor selection process, but you will find little guidance on how to prepare yourself for a job that has few parallels. There are three key lessons I have learned over the course of a Foreign Corrupt Practices Act monitorship still in progress, says Gil Soffer of Katten Muchin Rosenman LLP.

  • Another Page In The Issuer-Bondholder Playbook

    Adam Summers

    When a borrower finds itself in a distressed situation, management or private equity sponsors will often identify valuable assets to isolate them from the distressed company, often to the detriment of certain creditors. A recent example involving Algeco Scotsman offers important takeaways for issuers as well as bondholders, say Adam Summers and Corey Fersel of Fried Frank Harris Shriver & Jacobson LLP.

  • The Trump Administration’s Move Against SEC Judges

    Daniel Walfish

    The government’s new position on the constitutionality of the U.S. Securities and Exchange Commission’s administrative law judges is more far-reaching and potentially consequential than is generally understood, says Daniel Walfish, a former SEC senior counsel now with Milbank Tweed Hadley & McCloy LLP.

  • Series

    40 Years Of FCPA: The Untold Story Of The Resource Guide

    Charles Duross

    Much has been written about the 2012 "Resource Guide to the U.S. Foreign Corrupt Practices Act," but no one has talked about the behind-the-scenes work that produced the guide — until now, say Charles Duross, former chief of the FCPA Unit at the U.S. Department of Justice, and Kara Novaco Brockmeyer, former chief of the FCPA Unit at the U.S. Securities and Exchange Commission.

  • An Optimistic M&A Outlook For 2018

    Jeffrey Gifford

    Many corporate executives and advisers expect the market for M&A to strengthen next year. Here, Jeffrey Gifford and Meagan McKeown of Dykema Gossett PLLC discuss why deal makers are optimistic.

  • Series

    40 Years Of FCPA: A Journey From Conviction To Dismissal

    Janet Levine

    The twist in the Lindsey Manufacturing Foreign Corrupt Practices Act case was the truncated time in which we prepared. Having refused to waive their rights to a speedy trial, our clients took control of the case — this, along with the compressed time frame, forced the government to make errors, say Janet Levine, Sima Namiri-Kalantari and Megan Weisgerber of Crowell & Moring LLP.

  • Series

    40 Years Of FCPA: The Siemens Lesson — Tillerson Is Right

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    Since its whopping $800 million Foreign Corrupt Practices Act settlement in 2008, Siemens cleaned up — and it has “cleaned up” in its long-standing competition with General Electric. How? As Secretary of State Rex Tillerson reportedly told President Donald Trump, you don’t need to pay bribes to succeed in international business, says Peter Y. Solmssen, former general counsel of Siemens.