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Private Equity

  • June 20, 2019

    TDR Capital Lobs $2.4B Takeover Offer For Used Car Seller

    BCA Marketplace's board on Thursday said it received a cash takeover offer from investment funds managed by London-based private equity firm TDR Capital that values the used vehicle auctioneer's shares at roughly £1.9 billion ($2.4 billion).

  • June 20, 2019

    Holland & Knight Lands Private Equity Pro In Miami Office

    A former McDermott Will & Emery attorney with experience guiding transactions in the health care industry has joined Holland & Knight's private equity practice as a partner in the firm's Miami office.

  • June 20, 2019

    4 Biotech Cos. Raise $476M In Cooley, Davis Polk-Led IPOs

    A quartet of biotechnology and biopharmaceutical companies focused on treating cancer, solid tumors and neurodegenerative and metabolic disorders began trading on Thursday after pricing initial public offerings that raised a combined roughly $476.6 million.

  • June 20, 2019

    Simpson Thacher-Led Grocery Outlet Rings Up $378M Debut

    Private equity-backed retailer Grocery Outlet Holding Corp. made its market debut Thursday in a $378 million initial public offering that saw the Simpson Thacher-led company price shares above an already upwardly revised range.

  • June 20, 2019

    GP Bullhound Brings In €113M For Tech-Focused Fund

    Private investment firm GP Bullhound said Thursday that it has closed its latest fund after collecting €113 million ($127 million) from limited partners, with plans to target investments in companies within the realms of software, entertainment and fintech.

  • June 20, 2019

    Malaysia's Paramount Scores $130M In Education Unit Deal

    Malaysian investment holding company Paramount said Thursday it will shed majority stakes in a trio of education businesses in a 540.5 million Malaysian ringgit ($130.3 million) deal, handing control over to an entity financed by a unit of TPG Capital.

  • June 19, 2019

    Deals Rumor Mill: Slack, KKR, GlaxoSmithKline

    The reference price for Slack Technologies’ initial public offering is set at $26 per share, KKR is getting ready to sell part of its stake in Weststar Aviation Services, and GlaxoSmithKline has launched an effort to sell some of its consumer health brands.

  • June 19, 2019

    Vintage Capital Threatens To Oust Most Of Red Robin's Board

    Vintage Capital threatened Wednesday to oust five Red Robin directors, contending the burger chain's "unwillingness" to conduct a strategic review or respond to the private equity firm's $518.6 million purchase offer raises questions about the board's motivations.

  • June 19, 2019

    Real Estate Rumors: Goodman, Starwood, TA Realty

    Developer Goodman Group has reportedly dropped roughly $130 million on a Los Angeles manufacturing facility, Starwood Property Trust is said to be close to listing a portfolio of Ireland office properties for roughly €530 million, and TA Realty is said to have picked up a Florida office property for nearly $60 million.

  • June 19, 2019

    US Trustee Names Investors Suing Elk To Ch. 11 Committee

    The U.S. Trustee appointed three investor entities that are suing Elk Petroleum Inc. in Chancery Court to the Committee of Preferred Equity Security Holders in Elk’s bankruptcy case in Delaware on Wednesday, giving them a voice in the company’s reorganization.

  • June 19, 2019

    Ares Management Backs $165M Texas Oil And Gas Venture

    Global asset management company Ares Management Corporation is backing a $165 million drilling and development project in the shale-rich Permian Basin in Texas, the company said Wednesday.

  • June 19, 2019

    Iconiq Leads $130M Funding For Food Delivery App Wolt

    Finnish food delivery app Wolt said Wednesday that it has raised $130 million from a group of private investors led by Iconiq Capital, with plans to expand into new markets and hire 1,000 more employees by the end of next year.

  • June 19, 2019

    Pulling Up Stakes: Nelson Mullins, MoFo, Akin Gump

    In our latest roundup of deal makers on the move, Nelson Mullins snagged a corporate and securities specialist in Washington, D.C., Morrison & Foerster brought on a Los Angeles funds partner and strengthened its Chinese capital markets and corporate practices, and Akin Gump added a capital markets pro in Dubai.

  • June 19, 2019

    Fenwick-Led Stoke Therapeutics Prices Upsized $142M IPO

    Venture-backed Stoke Therapeutics Inc., a biotechnology firm developing therapies for genetic diseases, went public Wednesday after raising $142 million in an upsized initial public offering, steered by Fenwick & West LLP and underwriters' counsel Davis Polk & Wardwell LLP.

  • June 19, 2019

    Lower-Mid Market Investment Shop Clinches $375M Debt Fund

    Brookside Mezzanine Partners, a private investment firm that provides debt and makes minority equity investments in lower-middle market companies in the U.S., said Wednesday it has closed its fourth fund after securing $375 million from limited partners.

  • June 19, 2019

    Paul Weiss Assists As KPS Sells Brakes Maker In €690M Deal

    Private equity firm KPS Capital Partners, working with legal adviser Paul Weiss, has agreed to sell Netherlands-based Chassis Brakes International Group to a unit of Hitachi Ltd. for €690 million ($773 million), the companies said Wednesday.

  • June 19, 2019

    French Photo Startup Lands $230M Series C Round

    French photography platform Meero announced Wednesday it had landed $230 million in its latest funding round, which it will use to develop its suite of tools and automatic photo-editing features.

  • June 19, 2019

    More Opportunity Zone Rules Unlikely, Treasury Atty Says

    The U.S. Department of the Treasury is not working to release a third set of proposed regulations for the 2017 tax overhaul's opportunity zone program, an attorney with the agency said Wednesday.

  • June 19, 2019

    Ropes & Gray Steers Angelo Gordon On $2.75B Lending Fund

    Investment firm Angelo Gordon & Co. LP on Wednesday said investors have poured $2.75 billion into the firm’s largest ever direct lending fund, giving the Ropes & Gray-led firm a new source of senior secured loans for middle market companies. 

  • June 18, 2019

    How Law Firms Can Prep M&A, PE Teams For A Recession

    The possibility of a recession has clients asking how to prepare for the effects it would have on mergers and acquisitions and private equity fundraising, but it's equally important that law firms ensure their attorneys are equipped to handle the work that would result from such an economic downturn.

  • June 18, 2019

    PE-Backed Grocery Outlet Raises IPO Target To $318M

    Private equity-backed retailer Grocery Outlet Holding Corp. on Tuesday raised funding expectations just ahead of the scheduled pricing of its initial public offering to about $318 million, a potentially bullish sign from the Simpson Thacher-led company.

  • June 18, 2019

    SEC Mulls Opening Private Offerings To A Wider Audience

    The U.S. Securities and Exchange Commission on Tuesday requested input on potential changes surrounding its regulation of private offerings, including whether rules should be eased to allow more individuals to invest in riskier securities that are normally limited to wealthy individuals.

  • June 18, 2019

    Temporary 'Cease-Fire' Called In Elk Petroleum's Ch. 11

    Elk Petroleum Inc. will continue to draw on $4 million in interim debtor-in-possession financing as parties that have raised issues with the oil and gas company's Chapter 11 declared a temporary "cease-fire" Tuesday to attempt to reach a resolution.

  • June 18, 2019

    Deals Rumor Mill: Dish, Chi-Med, NiSource

    Dish Network is said to be close to dropping $6 billion to buy assets from Sprint and T-Mobile, Hutchison China MediTech has reportedly postponed the launch of a planned Hong Kong listing, and NiSource is said to be considering selling a subsidiary tied to last year’s deadly pipeline explosions in Massachusetts.

  • June 18, 2019

    Adams Street Partners Lands $1.1B For Secondary Fund

    Private equity firm Adams Street Partners said Tuesday it has closed its latest fund with roughly $1.1 billion in commitments that will be used to finance secondary investments.

Expert Analysis

  • Opinion

    Millennials Are Pushing Back Against Law Firm Sexism

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    A recent survey of millennial attorneys shows men and women are having very different BigLaw experiences, but share similar goals. It's imperative that partners recognize that they’re the ones in a position to change the culture, says Michelle Fivel of Major Lindsey.

  • 3 Law Firm Business Tactics To Support A Niche Practice

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    Once you've chosen a strategy for your law firm, what tactics will promote success? There are three tactical areas important to all firms, regardless of specialty or size, but particularly critical for today’s niche firms, say Yussuf Aleem and Jacob Slowik of Joseph Aleem.

  • Real-Life Lessons For Lawyers From 'Game Of Thrones'

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    What lessons can the various hands, maesters, council members and other advisers in "Game of Thrones" impart to real-life lawyers? Quite a few, if we assume that the Model Rules of Professional Conduct were adopted by the Seven Kingdoms, says Edward Reich of Dentons.

  • Recent Chancery Rulings Offer Forum Selection Pointers

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    In the recent Sheldon v. Pinto ruling, the Delaware Court of Chancery displays skepticism of dilution claims by early-stage investors, reasserts control group principles and delivers reminders — reinforced in its Plaze v. Callas opinion — of key points in the drafting of forum selection clauses, say attorneys at Fried Frank.

  • 5 Tips To Help Your Summer Associates Succeed

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    There are a number of ways that attorneys can ensure their summer associates successfully manage critical writing assignments and new types of professional interactions, says Julie Schrager of Schiff Hardin.

  • Unpacking Treasury's New Opportunity Zone Rules

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    The U.S. Department of the Treasury and Internal Revenue Service recently issued a second round of proposed regulations providing guidance for qualified opportunity fund investors and sponsors. Kelsey Lemaster and Karen Turk of Goodwin discuss the significant points that were addressed and the clarifications that are still needed.

  • Keys To Communicating A Law Firm's Mission

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    Today’s law firm leaders are pretty good at developing a strategic vision for the enterprise, but there is often a disconnect between that road map and the marketing department’s rank and file, leading to a deliverable that does little to differentiate the firm, says José Cunningham, a legal industry consultant.

  • Opinion

    How Lawyers Can Help Save The Planet

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    Over a dozen major law firms have joined our effort to overcome the legal obstacles that states, cities and businesses face in fighting climate change. But more lawyers are needed, say Michael Gerrard of Columbia Law School and John Dernbach of Widener University Commonwealth Law School.

  • Q&A

    A Chat With Gilead Sciences Legal Ops Leader Gary Tully

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    In this monthly series, legal recruiting experts from Major Lindsey & Africa interview legal industry leaders about the increasingly competitive business environment. Here, Rod Osborne talks with Gary Tully, head of legal operations at Gilead Sciences.

  • Series

    Why I Became A Lawyer: Completing The Journey Home

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    My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.

  • Series

    Judging A Book: Wood Reviews 'The Making Of A Justice'

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    Retired U.S. Supreme Court Justice John Paul Stevens' new book, "The Making of a Justice," is required reading for anyone interested in 20th and 21st century America, says Seventh Circuit Chief Judge Diane Wood.

  • Activist Investors And The Evolving Role Of Directors

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    Recent developments between Arconic and activist investor Elliott exemplify the need for directors to be more informed and involved on the day-to-day operations of a company — and less reliant on, and more skeptical of, management, say Morton Pierce and Michelle Rutta of White & Case.

  • To Guard Against Waiving Privilege, Don't CC The Boss

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    Argos Holdings v. Wilmington Trust, a recent New York federal court opinion, cautions that attorneys and companies should not simply assume that privileged communications may be shared with a company’s owner or affiliates without waiving attorney-client privilege, even when the company’s and the owner’s interests are completely aligned, say attorneys at Katten Muchin.

  • Getting Out Of Legal Project Management Debt

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    If a client does not demand the application of project management techniques at the start of a matter, or a law firm does not routinely apply them, it is highly likely that additional, avoidable work — legal project management debt — will materialize throughout the matter, says Anthony Widdop of Shearman & Sterling.

  • 6 Ways To Keep Your Jury From Zoning Out

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    Science suggests that at least some jurors pay attention to less than 65% of the evidence during a trial due to "task-unrelated thoughts," but there are steps attorneys can take to present information in a more engaging, cognition-friendly fashion, say Dennis Stolle and Dennis Devine of Barnes & Thornburg.

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