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Private Equity

  • May 30, 2018

    PE-Backed Lansdcaper, Chinese Used-Car Platform File IPOs

    A private equity-backed landscaping company and a Chinese online used-car platform filed initial public offerings this week that could raise $1 billion combined, adding to the near-term IPO pipeline.

  • May 30, 2018

    SEC Wants $89M For Oak Exec's Fraud, Eyes Family Assets

    The U.S. Securities and Exchange Commission demanded $89.4 million Tuesday after winning a liability judgment against a former Oak Investment Partners executive over his $67 million fraud, arguing his wife should give up the assets she claims are her own to pay the proposed award.

  • May 30, 2018

    Polaris Industries Buys Boat Maker In Roughly $805M Deal

    Polaris Industries Inc., maker of off-road and power sport vehicles, said on Wednesday that it has agreed to acquire U.S.-based pontoon boat manufacturer Boat Holdings LLC in an all-cash deal with a net present value of approximately $805 million that was guided by Simpson Thacher & Bartlett LLP.

  • May 30, 2018

    Deals Rumor Mill: Allergan, Ant Financial, Oman Oil

    Allergan could rake in a few billion dollars through sales of its women’s health and infectious disease businesses, Ant Financial is on the verge of completing a $10 billion fundraise, and government-controlled Oman Oil is gearing up to sell a $1 billion or more stake in the Khazzan gas field.

  • May 30, 2018

    Mass. Top Court OKs Extra Benefits For Covert LLC Mergers

    The Massachusetts Supreme Judicial Court on Wednesday in a matter of first impression ruled that a minority shareholder in a limited liability company may be entitled to a little something extra if a secret merger takes place over his or her objection that it breaches fiduciary duty, but that remedy may not include calling off the union altogether.

  • May 30, 2018

    Health Care REIT Scores $175M From Hospital Network Sale

    Health care real estate investment trust Medical Properties Trust Inc. said Wednesday it will take in $175 million from the sale of its stake in hospital network Ernest Health Inc. to affiliates of middle market private equity firm One Equity Partners.

  • May 30, 2018

    Kayne Anderson Real Estate Brings In $1.8B For 5th Fund

    The Boca Raton, Florida-based real estate arm of private equity firm Kayne Anderson Capital Advisors LP revealed on Wednesday that it has clinched its largest ever investment fund after raising $1.8 billion, with plans to invest in opportunities related to senior housing, medical offices and student housing.

  • May 29, 2018

    Suits Show Conflict Even At BigLaw's Best Places For Women

    Women have been gaining ground at Ogletree Deakins and Morrison & Foerster, but gender discrimination lawsuits against these firms and others suggest that expanding women's representation doesn’t necessarily lead to equal treatment.

  • May 29, 2018

    Reform Or Retreat? UK Firms Eye Next Steps On Pay Data

    U.K. law firms have come up with numerous approaches to a new requirement for disclosing gender pay gap information, and the ensuing PR storm is pushing them in conflicting directions.

  • May 29, 2018

    How Women Are Changing The Law Firms They Lead

    Female law firm leaders have scraped their way to the top. Now they want to pull up other women, too. And this may be their toughest challenge yet.

  • May 29, 2018

    The Best Law Firms For Female Partners

    Our latest Glass Ceiling Report shows that women remain underrepresented in the legal profession, particularly at the top levels of most — but not all — law firms. Here are this year’s Ceiling Smashers, our annual ranking of the firms with the most women in the equity tier.

  • May 29, 2018

    Deals Rumor Mill: Verint, Vitol, Carlyle

    Verint Systems is reportedly negotiating a deal to buy Israeli cyber intelligence firm NSO Group, Vitol plans on publicly listing its Viva Energy unit, and the Carlyle Group's deal for Expereo valued the Netherlands-based company at more than $369 million.

  • May 29, 2018

    Baker Botts Steers Kimbell In $404M PE-Backed Royalty Deal

    Texas-based Kimbell, led by Baker Botts LLP, will snap up the mineral and royalty interests of two Haymaker units in a private equity-backed deal worth $404 million, before ditching its partnership model in light of recent tax changes, the master limited partnership said Tuesday.

  • May 29, 2018

    Livingbridge Invests In London-Based Beach Vacation Biz

    Mid-market private equity firm Livingbridge said Monday it has made a significant investment in short-haul beach holiday provider Loveholidays from its £660 million ($874 million) Livingbridge 6 fund, saying the London-headquartered platform is the fastest-growing online travel agent in the United Kingdom.

  • May 29, 2018

    Greece's Piraeus Bank Sells $1.7B In NPEs To Bain Capital

    Piraeus Bank SA has agreed to sell a €1.45 billion ($1.7 billion) portfolio of nonperforming business loans secured with real estate collateral to Bain Capital Credit as part of moves to reduce its bad debts, the bank said on Tuesday.

  • May 29, 2018

    Warburg Pincus Sinks $138M Into Canadian E&P Energy Co.

    Private equity firm Warburg Pincus said on Tuesday that it has invested CA$180 million ($138.2 million) in Calgary-based energy exploration and production company Artis Exploration Ltd. in order to accelerate development in its core regions.

  • May 29, 2018

    BakerHostetler Nabs Cairncross Corporate Finance Pro

    BakerHostetler has hired a corporate finance attorney from Cairncross & Hempelmann PS for its Seattle office with a practice focused on sustainable industry, life science and other technology, the firm recently announced.

  • May 29, 2018

    JAB Gobbles Up Stake In Pret A Manger From Bridgepoint

    Global investment firm JAB Holding Co., in its ongoing quest to snap up consumer brands, has bought a controlling stake in Pret A Manger from the growing British sandwich chain's private equity owner, Bridgepoint, the companies said.

  • May 29, 2018

    Clark Hill Adds Real Estate Pro To Chicago Office

    Clark Hill PLC has added a former principal of Schenk Annes Tepper Campbell Ltd. as a member of its real estate practice in its Chicago office, the firm said.

  • May 25, 2018

    Law360's Glass Ceiling Report, By The Numbers

    Our latest survey of the largest U.S. law firms again paints a bleak picture for female attorneys. Here’s our breakdown of the data from this year’s Glass Ceiling Report.

Expert Analysis

  • Equity Partnership Isn’t What It Used To Be

    Jeff Liebster

    To many young attorneys, becoming an equity partner shows a firm's long-term commitment, meaning job security and a voice in important firm matters. However, the industry has changed and nowadays it may not be better to enter a new firm as an equity partner, says Jeffrey Liebster of Major Lindsey & Africa.

  • Keys To Corporate Social Responsibility Compliance: Part 2

    Michael Littenberg

    Increasingly, corporate social responsibility must be on the radar screen of in-house counsel. Investors are paying more attention to environmental, social and governance issues, and a growing number of shareholder proposals on these subjects should be expected, say attorneys with Ropes & Gray LLP.

  • Series

    Judging A Book: Hardiman Reviews 'Without Precedent'

    Judge Thomas Hardiman

    In his new book, "Without Precedent: Chief Justice John Marshall and His Times," professor Joel Richard Paul ably explains more than a dozen of Marshall’s most significant opinions, which comes as no surprise​. ​What is a surprise — a pleasant one — is the book's readability, says Judge Thomas Hardiman of the Third Circuit.

  • Lessons In Negotiating Transaction Tax Deduction Provisions

    Scott Barshay

    The Delaware Chancery Court's opinion in LSVC v. Vestcom serves as a reminder of the potential high-value impact of pre- and post-closing tax provisions in private M&A, as well as their interaction with purchase price adjustment provisions, say attorneys with Paul Weiss Rifkind Wharton & Garrison LLP.

  • Keys To Corporate Social Responsibility Compliance: Part 1

    Michael Littenberg

    2018 may be the year that corporate social responsibility compliance becomes a core duty of in-house legal departments. Not only have legal requirements proliferated in recent years, but new disclosure requirements and more regulation are on the horizon, say attorneys with Ropes & Gray LLP.

  • Top Tax Changes For Law Firms: What Lawyers Need To Know

    Evan Morgan

    For law firms structured as corporations, a lower maximum corporate tax rate and repeal of the corporate alternative minimum tax are good news. But many law firms are pass-through entities, so deduction limitations mean they'll see less benefit from the new tax law, says Evan Morgan of CPA and advisory firm Kaufman Rossin PA.

  • Warranty And Indemnity Insurance Can Help M&A Buyers

    William Charnley

    In recent years, warranty and indemnity insurance has become a prevalent method of helping mergers and acquisitions counterparties close transactions by transferring warranty and liability away from the buyer and seller and onto the insurance market, say William Charnley and Ilan Kotkis of King & Spalding LLP.

  • Tax Reform Is Hurting Foreign Investors In The US

    Michele Alexander

    The Tax Cuts and Jobs Act has codified a previous revenue ruling in a fairly controversial area of partnership tax law, in a potential disappointment to non-U.S. investors in domestic partnerships and practitioners who questioned the authority for issuing the ruling in the first place, say Michele Alexander and Ryan Davis of Bracewell LLP.

  • Opinion

    Companies Should Avoid The BigLaw Bonus Structure

    Michael Moradzadeh

    Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have used this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.

  • Risk Of 'Below Deal Price' Appraisal Post-Dell: Part 2

    Gail Weinstein

    It remains uncertain whether the Delaware Chancery Court — when relying on the deal price to determine fair value, as prescribed in Dell — will now make a downward adjustment to exclude value arising from the merger itself, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.