Private Equity

  • September 15, 2025

    Sears Investors Ink $9M Deal In Fiduciary Breach Case

    A hedge fund manager and his firm will pay more than $9 million to end a long-running lawsuit alleging that they shortchanged investors when they took Sears Hometown and Outlet Stores Inc. private in 2019, according to a deal filed in the Delaware Court of Chancery.

  • September 15, 2025

    Catching Up With Delaware's Chancery Court

    Delaware's governor weighed in on a challenge to recently approved state legislation that bars damages or "equitable" relief for some controlling stockholder or going-private deals. Meanwhile, Moelis told the Delaware Supreme Court that the struck-down stockholder agreement that triggered that legislation was valid. Additionally, one of two newly funded magistrates' posts in the Chancery Court has been filled.

  • September 15, 2025

    Kirkland, Gibson Dunn Advise On $1B Blackstone Energy Deal

    Blackstone will pay nearly $1 billion to purchase the Hill Top Energy Center natural gas power plant from Ardian, with Kirkland & Ellis LLP and Gibson Dunn & Crutcher LLP steering the private equity firms on the agreement, the firms said Monday. 

  • September 15, 2025

    US, China Agree On TikTok Ownership Transfer, Bessent Says

    The U.S. and China established a commercial framework for a deal with video sharing giant TikTok to transfer ownership of the app to the U.S., just days before a deadline to sell the app or shut it down, U.S. Treasury Secretary Scott Bessent told reporters at a press conference in Madrid on Monday.

  • September 15, 2025

    Exactech Gets OK For Ch. 11 Plan Ditching Sponsor Deal

    A Delaware bankruptcy judge on Monday approved Exactech's Chapter 11 sale and liquidation plan that drops a previous deal with the joint implant maker's equity sponsor in favor of funding the pursuit of potential legal claims against the sponsor on behalf of creditors.

  • September 15, 2025

    Saudi Fintech Hala Secures $157M Of Series B Funding

    Saudi Arabia's Hala on Monday revealed that it has wrapped a $157 million Series B funding round, a feat that the fintech provider called "one of the largest" fintech Series B investment rounds in the Middle East.

  • September 15, 2025

    Simpson Thacher Adds Ex-Goodwin Debt Financing Pro

    Simpson Thacher & Bartlett LLP has added an attorney previously with Goodwin Procter LLP who specializes in debt financing transactions as a partner in its Boston office, the firm has announced.

  • September 15, 2025

    4 More Cadwalader Attys Exit In Charlotte, Head to Proskauer

    Proskauer Rose LLP announced Monday that it will launch an office in Charlotte, North Carolina, with a four-partner leveraged finance team from Cadwalader Wickersham & Taft LLP.

  • September 15, 2025

    Paul Hastings Adds Goodwin Private Equity Partner In Boston

    Paul Hastings LLP announced Monday that it has expanded its global private equity practice and Boston team with a longtime Goodwin Procter LLP partner.

  • September 12, 2025

    French Court Rejects Russian Businesswoman's $100M Claim

    A French appeals court has refused to revive a Russian businesswoman's $100 million claim against Kuwait after she was sentenced to more than two decades of hard labor in the Persian Gulf country for purportedly embezzling public funds.

  • September 12, 2025

    Microsoft, OpenAI Ink Tentative Deal On Nonprofit Restructure

    OpenAI and Microsoft have announced that the OpenAI nonprofit is taking a major step in its development, gaining control of a new Public Benefit Corporation and receiving an equity stake worth more than $100 billion.

  • September 12, 2025

    4 Companies Led By 5 Firms Ride IPO Wave, Raising $1.9B

    Four companies across wide-ranging industries — including an engineering firm, a transportation tech startup, a cryptocurrency exchange and a coffee chain — began trading Friday after raising a cumulative roughly $1.9 billion in their initial public offerings, capping off the year's busiest week for new listings.

  • September 12, 2025

    Digital Infrastructure SPAC Starts Trading After $200M IPO

    Special purpose acquisition company OTG Acquisition Corp. I began trading on Friday after pricing a $200 million initial public offering, with plans to merge with a company in the digital infrastructure services sector.

  • September 12, 2025

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

    This past week in London has seen former Master Chef presenter Gregg Wallace sue the BBC, Elon Musk's xAI take legal action against a staff engineer, and fashion mogul Kevin-Gerald Stanford file a fresh claim against Lion Capital-owned Klotho and EY amid a long-running All Saints share acquisition dispute.

  • September 11, 2025

    Trump's CFTC Nominee Publicly Feuds With Winklevoss Twins

    Brian Quintenz is accusing crypto exchange founders Tyler and Cameron Winklevoss of pressuring President Donald Trump to delay his nomination to lead the U.S. Commodity Futures Trading Commission, saying in a social media post that the identical 44-year-old twins were apparently unhappy that he refused to make promises about a complaint they've lodged against agency attorneys.

  • September 11, 2025

    DLA Piper Adds Leveraged Finance Partner In LA

    DLA Piper has hired a former Katten Muchin Rosenman LLP attorney as a leveraged finance partner in Los Angeles, where she will also serve as leader of the firm's West Coast fund finance team.

  • September 11, 2025

    AI, Tech and More Sectors Drive $4B-$7B Deal Rumors

    Valuations in the $4 billion to $7 billion range emerged as the sweet spot in this week's deal rumors, with companies across artificial technology, tech and other sectors reportedly nearing stake sales, divestitures and initial public offerings.

  • September 11, 2025

    Freshfields, Kirkland Advise On Advent's $4.7B Zentiva Sale

    European generics pharmaceutical company Zentiva will be sold by private equity firm Advent to U.S.-based GTCR, Advent announced Thursday.

  • September 11, 2025

    Clifford Chance Hires Ex-Fried Frank PE Partner In NY

    Clifford Chance LLP announced Thursday the hiring of a private equity partner in New York who spent the past two decades at Fried Frank Harris Shriver & Jacobson LLP.

  • September 11, 2025

    Cooley-Led LB Pharmaceuticals Raises Upsized $285M IPO

    LB Pharmaceuticals, a clinical-stage biopharma company developing therapies for a number of neuropsychiatric diseases, hit the public markets on Thursday after raising $285 million in an upsized initial public offering.

  • September 11, 2025

    Media, Sports-Focused SPAC's $240M IPO Guided By 3 Firms

    Trailblazer Acquisition, a blank-check company whose target businesses include media and sports and entertainment, was steered by three law firms as it raised $240 million in an upsized initial public offering with 24 million units at $10.

  • September 11, 2025

    Kirkland-Led Aurora Wraps 7th Fund With $2.1B In Tow

    Kirkland & Ellis LLP-advised Aurora Capital Partners on Thursday revealed that it closed its seventh fund after securing more than $2.1 billion of capital commitments.

  • September 10, 2025

    Latham-Led Stablecoin Firm Figure Prices Upsized $788M IPO

    Stablecoin issuer Figure Technology Solutions began trading Thursday after it priced an upsized initial public offering that raised $787.5 million above its marketed range, in an offering guided by Latham & Watkins LLP and Davis Polk & Wardwell LLP.

  • September 10, 2025

    Del. Justices Urged To Revive $10.5B Zendesk Deal Challenge

    An attorney for stockholders of software-as-a-service business Zendesk Inc. told Delaware's Supreme Court Wednesday that a conflict at the heart of a challenge to the company's $10.5 billion take-private deal with a private equity consortium was undisclosed at the time of its approval.

  • September 10, 2025

    OpenAI Can't Keep For-Profit Shift Docs From Musk

    A California federal magistrate judge has said that OpenAI must produce key planning documents in Elon Musk's lawsuit challenging its attempted shift into a for-profit business, rejecting arguments that the information is protected because it could influence future takeover bids by the billionaire or future investments by Microsoft.

Expert Analysis

  • Series

    Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • Nev. Steps Up Efforts To Attract Incorporations With New Law

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    Recent amendments to Nevada corporate law, which will narrow controlling stockholders’ liability, streamline mergers and allow companies to opt out of jury trials, show the interstate competition to attract new and reincorporating companies is still heating up, say attorneys at Simpson Thacher.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

  • How Trump's Trade Policies Are Shaping Foreign Investment

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    Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.

  • Series

    My Opera And Baseball Careers Make Me A Better Lawyer

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    Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.

  • Assessing New Changes To Texas Officer Exculpation Law

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    Consistent with Texas' recent modernization of its corporate law, the recently passed S.B. 2411 allows officer exculpation, streamlines certificate of formation amendments, authorizes representatives to act on shareholders' behalf in mergers and makes other changes aimed toward companies seeking a more codified, statutory model of corporate governance, say attorneys at Bracewell.

  • Is SEC Moving Away From Parallel Insider Trading Cases?

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    The U.S. Securities and Exchange Commission's apparent lack of follow-up in four recent criminal cases of insider trading brought by the Justice Department suggests the SEC may be reconsidering the expense and effort of bringing parallel civil charges for insider trading, say attorneys at Dentons.

  • Series

    Law School's Missed Lessons: Communicating With Clients

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    Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

  • Series

    Adapting To Private Practice: From US Rep. To Boutique Firm

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    My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.

  • Opinion

    Senate's 41% Litigation Finance Tax Would Hurt Legal System

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    The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.

  • Series

    Performing As A Clown Makes Me A Better Lawyer

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    To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.

  • 9th Circ. Ruling Is Turning Point For Private Funds In 401(k)s

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    The Ninth Circuit's decision in Anderson v. Intel reinforces that the Employee Retirement Income Security Act's duty of prudence permits fiduciaries to use private market assets in diversified funds, yet it also exposes the persistent litigation and regulatory uncertainties that continue to temper wider adoption in 401(k) plans, say attorneys at Debevoise.

  • A Guide To Permanent Capital Vehicles As Access Widens

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    Recent regulatory and legislative actions are making it easier for retail investors to access permanent capital vehicles like closed-end, interval, tender offer and open-end funds, which each offer distinct advantages that are important to review, say attorneys at Mayer Brown.

  • The CFTC Is Shaking Up Sports Betting's Legal Future

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    The sports betting industry faces a potential sea change amid recent state and federal actions across the regulatory landscape that have expanded access to sporting event contracts against the backdrop of waning Commodity Futures Trading Commission opposition, says Nick Covek at Foley & Lardner.

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