Private Equity

  • 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.

  • February 26, 2018

    Focus Tightening On Debate Over Banning Post-IPO Suits

    The idea of forcing shareholders in IPO-related investor suits into arbitration has garnered increased attention in recent days, with the SEC’s investor advocate saying it’s a “draconian” measure that would deny investors the right to class action claims and one legal expert predicting the issue may have to be decided at the Supreme Court.

  • February 26, 2018

    Deals Rumor Mill: Boeing, Sydney Motorway, Ceva Logistics

    Boeing will reportedly have a majority stake in a possible joint venture with Embraer, pension funds have set their sights on the builder of an Australian infrastructure project, and Ceva Logistics is looking to list publicly by this summer.

  • February 26, 2018

    Sports-Focused VC Firm Closes Latest Fund At $211.3M

    Massachusetts-based Causeway Media Partners, a venture capital firm that focuses on sports and was founded by owners of the Boston Celtics and San Francisco 49ers, said Monday it has raised $211.3 million in its latest fund after blowing past its original fundraising target by more than $36 million.

  • February 26, 2018

    GTT Boosts Cloud, Fiber Network With $2.3B Interoute Buy

    U.S. cloud networking company GTT Communications Inc. said Monday it will pay €1.9 billion ($2.3 billion) to take over European peer Interoute Communications Ltd. in a major expansion of GTT’s geographic footprint and overall capabilities.

  • February 26, 2018

    Spectrum Brands Inks $10B Deal To Combine With HRG

    Spectrum Brands, which sells consumer products under well-known names including Remington, Black & Decker and Armor All, on Monday said it had struck a $10 billion deal to combine with HRG Group Inc., a holding company that touts Spectrum as its principal operating subsidiary.

  • February 26, 2018

    Coffee Maker Co. Sells To Kitchen Supplier In $224M PE Exit

    Florida-based commercial food service equipment company Welbilt Inc. will acquire professional-grade coffee machine manufacturer Avaj International Holding AB from two private equity firms for $224 million, the company said on Monday.

  • February 23, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen hundreds of new claimants bring competition suits against Visa and MasterCard, Italian bank Dexia lodge a claim against a Sicilian city still staring down a pre-crisis-era derivatives contract, and the liquidator for an FCA-targeted carbon credit investment scheme file a negligence claim against Nabas International Lawyers LLP.

  • February 23, 2018

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

    With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Simpson Thacher & Bartlett LLP and Weil Gotshal & Manges LLP. Here, Law360 recaps the ones you might have missed.

Expert Analysis

  • 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.

  • 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.