Private Equity

  • 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.

  • February 28, 2018

    HSH Nordbank Sold To PE Consortium For $1.2B

    German state-owned bank and shipping lender HSH Nordbank has entered into an agreement to sell its remaining shares for €1 billion ($1.2 billion) to a private equity consortium that includes Cerberus European Investments and J.C. Flowers & Co., the bank said Wednesday.

  • February 28, 2018

    PE-Backed Norwegian Cruises Prices $1.1B Share Offering

    Norwegian Cruise Line Holdings Ltd. said it has priced 19.5 million ordinary shares at $56 per share, for a total of $1.1 billion, allowing shareholders including private equity firm Apollo Global Management LLC to cut their stakes in the cruise ship giant through a deal guided by three law firms.

  • February 28, 2018

    Splunk Buys VC-Backed Phantom Cyber In $350M Deal

    Data analytics firm Splunk Inc. said Tuesday it will pay about $350 million to acquire venture capital-backed security automation company Phantom Cyber Corp. as the company looks to get ahead of the curve in the growing field of security technology integration.

  • February 27, 2018

    Discovery Sells Education Unit As Feds OK $15B Scripps Deal

    The U.S. Department of Justice wrapped up its investigation into Discovery Communications’ $14.6 billion buyout of Scripps Network Interactive on Tuesday, a day after Discovery said private equity firm Francisco Partners would take over a majority stake in its education unit.

  • February 27, 2018

    Extended Stay Sells 25 Hotels For $114M To Three Wall

    Extended Stay America Inc. and its real estate investment trust subsidiary ESH Hospitality Inc. said Tuesday they have completed a $114 million sale of 25 ESA hotels with about 2,400 rooms to an affiliate of hospitality equity and debt investment group Three Wall Capital LLC.

  • February 27, 2018

    Dropbox Could Set Tone For More 'Unicorn' IPOs

    A planned initial public offering by file-storage giant Dropbox Inc. could influence whether more of Silicon Valley's elite corps of venture-backed startups — a deep roster of richly valued, private technology companies commonly called "unicorns" — follow suit in 2018, experts say.

  • February 27, 2018

    Deals Rumor Mill: Amazon, Glassdoor, Toys R Us

    Amazon has reportedly snapped up home security startup Ring, Glassdoor is talking to banks that could aid an upcoming initial public offering, and Toys R Us is mulling a deal to sell its stake in its Asian business.

  • February 27, 2018

    Rand Logistics Confirmation Decision Deferred For A Day

    A decision from a Delaware bankruptcy judge on the Chapter 11 plan confirmation of Great Lakes shipping company Rand Logistics will have to wait a day after the court on Tuesday said it needed to take some time to consider objections raised by the U.S. government to the short-track plan process.

  • February 27, 2018

    NY Appeals Court Spurns Zohar Jury Bid In $58M Fraud Row

    An appellate panel from New York's First Judicial Department on Tuesday backed up a lower court's decision to deny a request by two investment funds to try their $58 million fraud case against a failed Chinese borrower by a jury, saying a jury waiver in their agreement still applied.

  • February 27, 2018

    American Securities Scores $7B For 8th PE Fund

    New York-based American Securities LLC on Tuesday announced the closing of its eighth private equity fund, which secured $7 billion from limited partners, significantly eclipsing its initial target.

  • February 27, 2018

    PE-Backed British Gas Retailers Merge In £1.2B Deal

    Motor Fuel Group has agreed to buy fellow private equity-backed British gasoline retailer MRH GB Ltd. in a deal that is worth roughly £1.2 billion ($1.67 billion) and will create a single entity that will operate more than 900 gas stations, the companies said Tuesday.

  • February 27, 2018

    Blackstone, Celanese Make EU Concessions In Acetate JV

    Texas-based specialty materials company Celanese Corp. and private equity giant Blackstone Group LP have submitted concessions to Europe’s antitrust watchdog over concerns that their proposed acetate tow venture could hurt competition in the market, according to a Monday filing.

  • February 27, 2018

    Baker Botts Adds 4 Ex-Vinson & Elkins Corporate Partners

    Baker Botts LLP has hired four former Vinson & Elkins LLP corporate partners who are experienced in representing clients in master limited partnerships and billion-dollar transactions in the energy industry, Baker Botts recently announced.

  • February 27, 2018

    Mayer Brown Boosts PE Team With Simpson Thacher Hire

    Mayer Brown LLP announced on Tuesday that it has expanded its private equity offering with the hire of a lawyer from Simpson Thacher & Bartlett LLP, who brings with him experience advising a broad range of industries including technology and telecommunications.

  • February 26, 2018

    Weinstein Co. Gearing Up For Bankruptcy As Sale Collapses

    The Weinstein Co. is readying for bankruptcy after a negotiated sale of the embattled film studio fell through following a New York attorney general lawsuit, according to a letter sent by company board members on Sunday and published in various reports.

Expert Analysis

  • How 2 Devices And 1 Domain Changed My Practice In 2017

    Paul Kiesel

    The question I ask about new technology is how can it improve the quality of my practice — and my life? This year, the iPhone X, the Apple Watch Series 3 and a .LAW domain have proven to be great investments, for professional and personal reasons, says attorney Paul Kiesel of Kiesel Law LLP.

  • Alternative Fees: My Experience At Bartlit Beck

    J.B. Heaton

    Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, I can look analytically at the Bartlit Beck fee model and make some observations on its pros and cons, says J.B. Heaton, founder of investment analytics company Conjecture LLC.

  • Opinion

    Jurors Should Have An Active Role In Trials

    Judge Amos Mazzant III

    We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three improvements to give jurors an active role in our civil and criminal jury trials.

  • Series

    40 Years Of FCPA: An Update From The DOJ

    Daniel Kahn

    U.S. Department of Justice prosecutors and law enforcement partners have secured more foreign bribery-related trial convictions and guilty pleas this year than in any other year in the history of the Foreign Corrupt Practices Act, in fact by almost twice as much. These are all significant cases with significant impacts, says Daniel Kahn, chief of the DOJ's FCPA Unit.

  • Why Information Governance Is More Important Than Ever

    Linda Sharp

    It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.

  • Opinion

    BigLaw Is Behind The Automation Curve

    Michael Moradzadeh

    In its new report on the effects of automation in the workplace, McKinsey Global Institute identifies lawyers as less susceptible to the sort of automation that could put one-third of American workers out of a career by 2030. This may seem reassuring, but it doesn't mean automation won't disrupt our bottom line, says Michael Moradzadeh of Rimon PC.

  • Series

    40 Years Of FCPA: Compliance, Past And Future

    Hui Chen

    More than any other statute, the Foreign Corrupt Practices Act has fueled the growth of the compliance industry. While the expansion of corporate compliance is a positive development, the fear-driven and FCPA-centric approach has also produced unfortunate consequences, says ethics consultant Hui Chen, who served as the U.S. Department of Justice's first-ever compliance counsel.

  • 10 Tips For Managing Litigation Risk In Sell-Side M&A

    John Pollack

    While it is important to focus on “getting the deal done,” a seller should also take into account and plan for potential deal litigation. For a public company contemplating a sale-of-control transaction, shareholder litigation is very likely, say attorneys with Gibson Dunn & Crutcher LLP.

  • Series

    40 Years Of FCPA: Cross-Border Efforts And Growing Risk

    Patrick Stokes

    The U.S. agencies’ increasing coordination with their foreign partners has led to more potent Foreign Corrupt Practices Act investigations — in terms of both their scope and settlement cost, say Patrick Stokes, former chief of the FCPA Unit at the U.S. Department of Justice, and Zachariah Lloyd of Gibson Dunn & Crutcher LLP.

  • 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.