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Private Equity
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November 05, 2025
Kirkland Advises Fortress As Ripple Lands $500M Fundraise
Crypto company Ripple announced Wednesday it secured a $500 million strategic investment at a $40 billion valuation, led by Fortress Investment Group along with affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace.
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November 05, 2025
Alternative Asset Manager Kicks Off £30M Share Buyback
Alternative asset manager Pollen Street Group Ltd. launched a new share repurchase program on Wednesday worth up to £30 million ($39 million), a move expected to downsize the company's share capital.
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November 04, 2025
Ex-Beneficient CEO Stole $150M From GWG, Feds Say
The former CEO of Texas financial services firm Beneficient allegedly created a fraudulent scheme to loot more than $150 million from now defunct GWG Holdings, a publicly traded company for which he served as chairman, according to a New York federal grand jury indictment unsealed Tuesday.
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November 04, 2025
3 Firms Steer $1.45B Sale Of TriMas Aerospace
Engineered products maker TriMas, advised by Jones Day, on Tuesday announced that it has agreed to sell its aerospace business to Goodwin Procter LLP-advised capital markets firm Tinicum LP in a $1.45 billion all-cash deal.
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November 04, 2025
StraightPath Founders Convicted Of Massive Stock-Sale Fraud
A Manhattan federal jury found stock vendor StraightPath's three founders guilty Tuesday on charges of defrauding clients who purchased pre-initial public offering shares from them, capping a trial where prosecutors cited "overwhelming" evidence of a $400 million "web of lies."
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November 04, 2025
AI Holding Biz Beacon Software Closes $250M Funding Round
Artificial intelligence holding company Beacon Software on Tuesday announced that it wrapped its Series B funding round with $250 million in tow, bringing the company's total funding to $335 million since its founding last year.
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November 04, 2025
2 Firms Advise CBRE's $1.2B Pearce Services Deal
Real estate services firm CBRE Group Inc. announced Tuesday that it acquired Pearce Services LLC, a service provider for electromechanical infrastructure in North America, from New Mountain Capital in a $1.2 billion deal guided by Sullivan & Cromwell LLP and Ropes & Gray LLP.
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November 04, 2025
2nd Circ. Hints Bankman-Fried's $11B Forfeiture Is Overkill
The Second Circuit suggested Tuesday that the government's $11 billion forfeiture order against Sam Bankman-Fried may be unconstitutionally large, noting that the staggering amount tops the raft of cases tasking the court with determining if such money judgments pass Eighth Amendment muster.
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November 04, 2025
2 Firms Guide $800M Intuitive-Lanteris Spacecraft Deal
Intuitive Machines Inc., a space technology and infrastructure services company, said Tuesday it has agreed to acquire Lanteris Space Systems from Advent International for $800 million in a deal steered by Simpson Thacher & Bartlett LLP and Weil Gotshal & Manges, respectively.
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November 04, 2025
Kirkland, Davis Polk Steer Aircraft Maker Beta's $1B IPO
Electronic aircraft and propulsion system manufacturer Beta Technologies made its public debut on Tuesday after raising $1 billion in its upsized initial public offering, with Kirkland & Ellis LLP advising the company and Davis Polk & Wardwell LLP advising the underwriters.
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November 04, 2025
Blackstone Injecting $700M Into Merck Cancer Therapy
Merck & Co. said Tuesday it will receive $700 million from Blackstone Life Sciences to help fund development of sacituzumab tirumotecan, an experimental antibody-drug conjugate targeting TROP2, a protein found on many cancer cells.
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November 04, 2025
5 Firms Steer Denny's $620M Go-Private Deal
At least five law firms are helping to steer Denny's Corp.'s new agreement for the diner chain operator to go private through a $620 million sale to investment firms TriArtisan Capital Advisors and Treville Capital Group and Denny's franchise operator Yadav Enterprises.
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November 04, 2025
Linklaters Backs Apollo's $6.5B Deal For 50% Of Wind Project
U.S. asset manager Apollo said it is paying $6.5 billion for a 50% stake in the world's largest wind project, owned by Denmark's Ørsted, to help fund the remaining construction costs.
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November 03, 2025
'Exercise More Restraint,' Judge Tells OpenAI Co-Founder
A California federal judge had little patience for an OpenAI co-founder trying to limit his forced participation in Elon Musk's lawsuit challenging the ChatGPT maker's transition to a for-profit structure, admonishing the former executive for contesting a magistrate judge's order with motions filed while federal courts work unpaid.
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November 03, 2025
StraightPath Stock Clients Got Paid, Not Duped, NY Jury Told
Securities vendor StraightPath paid profit-hungry clients "a ton of money," counsel for one of its three founders told a Manhattan federal jury Monday, pushing back after prosecutors cited "overwhelming" evidence of fraud in an alleged $400 million "web of lies."
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November 03, 2025
MoFo Atty Brings Derivates Knowledge To Dentons As Partner
Dentons has hired a former Morrison Foerster LLP of counsel who spent 17 years there advising banks, investment firms and hedge funds on a range of matters involving derivatives, swaps and hedging transactions, the firm announced Monday.
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November 03, 2025
CompoSecure, Husky Technologies To Merge, Form $7.4B Biz
Paul Weiss Rifkind Wharton & Garrison LLP-advised CompoSecure, which makes metal payment cards, on Monday unveiled plans to merge with Husky Technologies Ltd., led by Latham & Watkins LLP, in a deal that will value the combined business at roughly $7.4 billion.
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November 03, 2025
Bernstein Litowitz, Robbins Geller To Lead $8.9B Class Action
The Delaware Chancery Court has tapped Bernstein Litowitz Berger & Grossmann LLP and Robbins Geller Rudman & Dowd LLP to lead stockholder litigation over an $8.9 billion take-private deal, citing the firms' alignment with institutional investors holding the largest stake.
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November 03, 2025
Latham Adds Private Equity Firm's Veteran GC In Houston
Latham & Watkins LLP has grown its mergers and acquisitions and private equity practice in the Lonestar State with the addition of the longtime general counsel for private equity firm The Sterling Group, the firm said Monday.
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November 03, 2025
Amazon, OpenAI Ink $38B Compute Infrastructure Deal
Amazon Web Services said Monday it has entered into a seven-year, $38 billion strategic partnership with OpenAI to provide computing infrastructure that will run and scale the ChatGPT maker's core artificial intelligence workloads.
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November 03, 2025
Paul Weiss Helps Montagu Raise €2B For Continuation Vehicle
Private equity company Montagu said Monday that it has raised €2 billion ($2.3 billion) for a fund that will allow it to continue to own British connectivity business Wireless Logic Ltd.
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October 31, 2025
Monthly Merger Review Snapshot
The Justice Department battled with state attorneys general trying to peek behind its controversial settlement clearing Hewlett Packard Enterprise's Juniper purchase, United Kingdom officials deepened their probe into Getty's proposed acquisition of Shutterstock and Pfizer cried foul when Novo Nordisk tried to swoop in over its Metsera purchase.
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October 31, 2025
Aircraft Co. Investor Wants Vote Blocked On PE-Backed Merger
A shareholder of aircraft lessor Air Lease Corp. has filed a lawsuit seeking to block an upcoming vote on the company's proposed merger with an Ireland-based holding company that he says will unfairly benefit the lessor's board members.
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October 31, 2025
Toxic-Water Litigants Slam Expert As 'Rented White Coat'
An expert witness for the federal government in litigation over contaminated water at the Camp Lejeune military base is merely a "rented white coat" proffering junk science and serving big-industry interests, claimants told a North Carolina federal court this week in a bid to exclude her from the case.
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October 31, 2025
Pair Of SPAC Listings Raise $375M In IPOs
Two special purpose acquisition companies have begun trading publicly after raising a combined $375 million through their initial public offerings this week, with Viking Acquisition I bringing in $200 million and Dynamix Corp. III drawing $175 million.
Expert Analysis
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Series
Power To The Paralegals: How And Why Training Must Evolve
Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.
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Series
Playing Softball Makes Me A Better Lawyer
My time on the softball field has taught me lessons that also apply to success in legal work — on effective preparation, flexibility, communication and teamwork, says Sarah Abrams at Baleen Specialty.
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IPO Suit Reinforces Strict Section 11 Tracing Requirement
A California federal court's recent dismissal of an investor class action against Allbirds in connection with the company's initial public offering cites the U.S. Supreme Court's 2023 Slack v. Pirani decision, reinforcing the firm tracing requirement for Section 11 plaintiffs — even at the pleading stage, say attorneys at Paul Weiss.
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Series
Law School's Missed Lessons: Mastering Time Management
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.
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Calif. Bill May Shake Up Healthcare Investment Landscape
If signed by the governor, newly passed California legislation would significantly expand the Office of Health Care Affordability's oversight of private equity and hedge fund investments in healthcare companies and management services organizations, and raise several questions about companies' data confidentiality and filing burdens, say attorneys at Ropes & Gray.
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How Hyperlinks Are Changing E-Discovery Responsibilities
A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.
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State False Claims Acts Can Help Curb Opioid Fund Fraud
State versions of the federal False Claims Act can play an important role in policing the misuse of opioid settlement funds, taking a cue from the U.S. Department of Justice’s handling of federal fraud cases involving pandemic relief funds, says Kenneth Levine at Stone & Magnanini.
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Revamped Opportunity Zones Can Aid Clean Energy Projects
The Qualified Opportunity Zone program, introduced in 2017 and reshaped in the One Big Beautiful Bill Act, offers investors federal tax incentives for development in low-income communities — incentives that are especially meaningful for clean energy projects, where capital-intensive infrastructure and long-term planning are essential, say attorneys at Dentons.
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Atkins-Led SEC Continues Focus On Private Funds
Since the change in administration, there has overall been a more accommodative regulatory stance toward private funds, but a recent enforcement action suggests that the U.S. Securities and Exchange Commission is not backing off from enforcement in the space completely, say attorneys at Simpson Thacher.
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Series
Writing Musicals Makes Me A Better Lawyer
My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.
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Series
Adapting To Private Practice: From Va. AUSA To Mid-Law
Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.
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7 Document Review Concepts New Attorneys Need To Know
For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.
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Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.
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Sweeping US Tax And Spending Bill May Bolster PE Returns
The One Big Beautiful Bill Act stands to benefit private equity sponsors and their investors as it alters existing law, including at the portfolio company level, making it crucial to reevaluate historic tax planning and optimize for the new tax regime, say attorneys at Paul Hastings.
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Series
Being A Professional Wrestler Makes Me A Better Lawyer
Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.