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Private Equity

  • October 1, 2018

    Real Estate Rumors: Blackstone, Wells Fargo, Elion Partners

    Blackstone Real Estate Income Trust has reportedly landed a $257 million CMBS loan for hotels in Florida, California, Massachusetts and beyond, Broward Health is said to be seeking to buy a Florida property from Wells Fargo, and an Elion Partners venture is said to have bought a New York residential and retail portfolio for $83 million.

  • October 1, 2018

    Forbion's 4th Life Sciences Fund Hits $417M In Final Close

    European venture capital firm Forbion Capital Partners on Monday said it has closed its fourth life sciences venture capital fund at €360 million ($417 million), nearly three months after the oversubscribed fund's first close at €270 million.

  • October 1, 2018

    Hogan Guides Honeywell’s $492M Automation Biz Buy

    Technology and industrial conglomerate Honeywell International Inc. said Monday it will pay €425 million ($492 million) to buy German warehouse automation business Transnorm from investment firm IK Investment Partners, with Hogan Lovells steering the buyer.

  • October 1, 2018

    Seyfarth Shaw Adds Ex-Bryan Cave Corporate Atty In Chicago

    A former Bryan Cave Leighton Paisner LLP partner has joined Seyfarth Shaw LLP as a partner in its Chicago office, where he will help lead the firm’s new push into international corporate law.

  • September 28, 2018

    Supreme Court Cheat Sheet: 8 Cases To Watch

    With D.C. Circuit Judge Brett Kavanaugh’s fate as the ninth justice still hanging in the balance, the U.S. Supreme Court kicks off its new term Monday without a case of blockbuster proportions. But there are several bread-and-butter business issues filling out the docket.

  • September 28, 2018

    Wachtell Prevails In CVR's Takeover Malpractice Suit

    A New York federal judge on Friday dismissed CVR Energy Inc.'s malpractice claim against Wachtell Lipton Rosen & Katz stemming from $37 million in bank fees incurred by the company in connection with Carl Icahn's 2012 takeover, saying CVR hasn't shown the firm's conduct fell below the applicable standard of professional care.

  • September 28, 2018

    PE Firms Let Out Of Zimmer Investors' Stock-Drop Suit

    An Indiana federal judge has dismissed insider trading claims against 18 private equity firms but otherwise left intact a proposed investor class action alleging medical device manufacturer Zimmer Biomet knowingly concealed compliance issues at a key factory that, when disclosed, led to substantial stock drops.

  • September 28, 2018

    Liquidators Not Subject To Retention Rules, Judge Says

    A Delaware bankruptcy judge Thursday found the liquidator running store closing sales for furniture retailer Heritage Home Group LLC is not an auctioneer and does not need to be treated as a professional under the Bankruptcy Code.

  • September 28, 2018

    How To Help Your PE Client Stand Out Among The Crowd

    Increased competition for assets has led to a crowded private equity landscape in which deal values are shooting sky high and the importance of finding an edge over competing buyers is more important than ever, underscoring the need for attorneys capable of positioning their PE client as the most attractive in a sea of suitors.

  • September 28, 2018

    Deals Rumor Mill: Slack, Bojangles, Shriram Group

    Corporate messaging software startup Slack Technologies is readying an IPO for the first half of next year, chicken and biscuits chain Bojangles could be up for grabs, and multiple private equity suitors have expressed interest in a major investment in Indian conglomerate Shriram Group.

  • September 28, 2018

    ArcLight Eyes American Midstream Buyout

    A private equity backer of ArcLight Energy Partners Fund V wants to take Houston-based American Midstream Partners private in a deal that values the pipeline company at $323.1 million, Arclight announced Friday.

  • September 28, 2018

    AnaCap Financial Drops €225M On Italian Loan Portfolios

    AnaCap Financial Partners LLP has picked up €225 million ($261.2 million) worth of loan portfolios that are tied to properties in Italy, the private equity firm announced Friday.

  • September 28, 2018

    Don’t Miss It: King & Spalding, Willkie Lead Week’s Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as King & Spalding LLP and Willkie Farr & Gallagher LLP. Here, Law360 recaps the ones you might have missed.

  • September 28, 2018

    Taxation With Representation: Simpson, Cleary, Choate

    In this week’s Taxation with Representation, Sirius XM bought Pandora Media for $3.5 billion, Michael Kors Holdings bought Versace for $2.12 billion, a Digital Realty Trust subsidiary bought Ascenty Holdings for $1.8 billion, and Consolidated Edison bought a U.S. renewable energy unit from Sempra Energy for $1.5 billion.

  • September 27, 2018

    Real Mex’s $47M Ch. 11 Sale Gets Nod In Delaware

    A Delaware bankruptcy judge on Thursday approved the Chapter 11 sale of bankrupt restaurant chain Real Mex to stalking horse bidder Z Capital Group for roughly $47 million after an auction was canceled because no other offers were submitted.

  • September 27, 2018

    Deals Rumor Mill: Cognizant, Perella Weinberg, Grab

    Cognizant is discussing a deal to buy Softvision, Goldman Sachs and JP Morgan have earned a spot on Perella Weinberg Partners’ initial public offering, and Grab is considering selling a large stake in its Thai unit to retailer Central Group.

  • September 27, 2018

    Greenberg Traurig Adds Shareholder To Corporate Practice

    Greenberg Traurig LLP has added Petros "Peter" Tsirigotis as a shareholder in its Washington, D.C., and New York City offices, expanding its corporate and investment funds practices, the firm has announced.

  • September 27, 2018

    Ousted VC Member's Cashout Gets $3M Boost In Chancery

    A former venture capital fund investor who accused other members of drastically shorting his exit payout following a 2016 downsizing was awarded nearly $3.8 million — more than eight times higher than his original offer — in a Delaware Chancery Court order approved on Thursday.

  • September 27, 2018

    SEC Sues Tesla CEO Elon Musk Over Going-Private Tweets

    The U.S Securities and Exchange Commission sued Tesla CEO Elon Musk on Thursday in New York federal court for allegedly making a baseless assertion last month that he was prepared to take his company private at a significant premium to its stock price at the time.

  • September 27, 2018

    ActiveCare Ch. 11 Sale Delayed Amid Potential Claim Issues

    After it seemed the Chapter 11 sale of diabetes patient monitoring company ActiveCare Inc. to stalking horse bidder Telcare Inc. was ready to be finalized Thursday, a Delaware judge delayed signing off on an order until parties could work out details related to potential cure claims.

Expert Analysis

  • How FIRRMA Will Change National Security Reviews: Part 2

    Jeff Bialos

    The newly enacted Foreign Investment Risk Review Modernization Act significantly expands the authority of the U.S. government to review and restrict foreign investments on national security grounds. But FIRRMA also has provisions that may exempt some transactions from review, and accelerate review of others, say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.

  • Long-Awaited Bonus Depreciation Insight For Partnerships

    Junaid Chida

    Earlier this month, the IRS finally released proposed regulations under the bonus depreciation provisions of the Tax Cuts and Jobs Act. The guidance provides long-awaited clarification on the availability of 100 percent bonus depreciation to partnership basis adjustments, say attorneys at O'Melveny & Myers LLP.

  • How FIRRMA Will Change National Security Reviews: Part 1

    Jeffrey Bialos

    The Foreign Investment Risk Review Modernization Act empowers the U.S. government to review a far broader group of transactions than ever before to determine if they threaten national security. FIRRMA's expansive new coverage includes oversight of real estate investments and transfers of "emerging and foundational technologies," say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.

  • A Teachable Moment On Adequate Disclosures

    Marc Casarino

    Full and accurate disclosure of information by a corporation to its stockholders is a basic component of obtaining consent to mergers and other fundamental transactions. But the Delaware Supreme Court's decision in Morrison v. Berry is a stark reminder that implementing adequate disclosures is easier said than done, say Marc Casarino and Lori Smith of White and Williams LLP.

  • Interview Essentials For Attorneys On The Move

    Eileen Decker

    Across the country this fall, recent law school graduates, law firm associates and experienced professionals will interview for positions in private practice and government service. Sharing tips on how to stand out in this high-pressure, hypercompetitive process are Eileen Decker, former U.S. attorney for the Central District of California, and Keith Jacoby, co-chairman of Littler Mendelson PC’s class action practice group.

  • Roundup

    Clerking For Ginsburg

    Clerking For Ginsburg

    Justice Ruth Bader Ginsburg joined the U.S. Supreme Court 25 years ago and is not planning to retire anytime soon — she has hired clerks through 2020. What's it like to assist Justice Ginsburg? In this series, former clerks reflect on the experience.

  • Series

    Clerking For Ginsburg: 3 Surprises

    David Post

    It had never occurred to me that judges don’t always love the way their appellate cousins review their work and tell them — in public — all the things they got wrong. I was frequently struck by Justice Ruth Bader Ginsburg’s acute awareness of the delicacy of this relationship, says attorney David Post.

  • How Taxpayers Are Taking To Tax Reform So Far

    Nickolas Gianou

    The effects of last year’s tax overhaul, the most significant since 1986, have not been as drastic as some expected. Still, taxpayers have begun to adjust and a number of significant trends are emerging, say Nickolas Gianou and Sally Thurston of Skadden Arps Slate Meagher & Flom LLP.

  • Series

    Clerking For Ginsburg: A Superhero Supreme

    Burden Walker

    As a clerk for Justice Ruth Bader Ginsburg, my job was to mirror my boss’ views and values in everything I did. Years later, I find that I am still striving to live up to the values Justice Ginsburg instilled in me, as both a lawyer and a spouse, says Burden Walker, an assistant U.S. attorney for the District of Maryland.

  • Series

    Clerking For Ginsburg: 4 RBG Lessons On Having It All

    Rachel Wainer Apter

    Justice Ruth Bader Ginsburg is everything she is cracked up to be​ — f​eminist icon​, brilliant jurist​, fierce dissenter. She is also an incredible boss, mentor and friend.​ ​Her advice has shaped how I have tried to balance building a career and ​raising children, says Rachel Wainer Apter, counsel to the New Jersey attorney general.