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Private Equity

  • 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.

  • June 18, 2019

    Kirkland Snags Real Estate Atty From Proskauer

    Kirkland & Ellis LLP has hired a real estate and private equity partner from Proskauer Rose LLP for the firm's office in Los Angeles, the law firm announced Monday.

  • June 18, 2019

    French Firm Tikehau Gears Up For $980M Share Issue

    French asset management and investment firm Tikehau Capital said Tuesday it is planning to raise €875 million ($979.6 million) through a new share issue that will be used to build out its asset management platform and break into new regions.

  • June 18, 2019

    Mayer Brown Adds Ex-Greenberg Traurig Shareholder

    Mayer Brown has hired a former Greenberg Traurig LLP shareholder with extensive experience advising private equity sponsors on portfolio company acquisitions and sales, the firm announced.

  • June 18, 2019

    3 Firms Steer Intertrust's $330M Deal For Viteos

    Amsterdam-based Intertrust has acquired Viteos from private equity firm PPC Enterprises and an affiliate of investment firm 22C Capital in a deal, steered by Simpson Thacher & Bartlett LLP, Dechert LLP and Trilegal, that boasts a $330 million enterprise value, the companies said Tuesday.

  • June 18, 2019

    Acore Nabs $556M Fund, $2B Mandates For Real Estate Debt

    Acore Capital has snapped up $556 million for its first-ever commingled discretionary fund focused on real estate debt investments, while separately taking in $2 billion in additional capital destined for similar opportunities, the company said Tuesday.

  • June 17, 2019

    How To Counsel PE Clients Through A Recession

    With a recession potentially looming, private equity attorneys must become educated on how an economic slide could affect the ability of industry players to raise funds and find deals so they can capably counsel clients in the event of a downturn.

  • June 17, 2019

    Deals Rumor Mill: Enterprise Products, ArisGlobal, Bayer

    Enterprise Products Partners reportedly wants to sell its stake in a South Texas oil terminal, Nordic Capital is said to be buying a majority stake in ArisGlobal, and Fosun International might bid for the animal health unit of pharmaceutical giant Bayer.

  • June 17, 2019

    Oak Investment Can't Kill $11M Suit Over 'Fraudster' Partner

    A New York state court judge on Monday cast aside a bid by venture capital fund Oak Investment Partners to escape a bankrupt e-commerce company's fraud lawsuit blaming it for the actions of a former Oak partner-turned-fugitive, ruling that issues of fact remained.

  • June 17, 2019

    Canada Watchdog Challenges PE Firm's Software Maker Buy

    Canada’s competition enforcer said Monday it is challenging private equity firm Thoma Bravo’s recent acquisition of oil and gas software provider Aucerna over concerns about its ownership of a competing company.

  • June 17, 2019

    Online Luxury Reseller Leads 5 IPO Launches Totaling $936M

    Five companies, including a private equity-backed online consignment shop, a commercial real estate company and three biotechnology firms, set price ranges on Monday for initial public offerings that could raise $936 million combined next week, enlisting the work of nine law firms.

  • June 17, 2019

    Benefits Software Biz Collective Health Nabs $205M Fundraise

    Health insurance software company Collective Health on Monday said investors led by SoftBank's Vision Fund poured $205 million into the company as it looks to reach new employers and roll out new capabilities in its effort to improve efficiency in the health benefit management space.

  • June 17, 2019

    Liberty Hall Sells AIM To Sekisui Chemical Group For $510M

    Private equity firm Liberty Hall Capital Partners on Monday said it agreed to sell aerospace composite products maker AIM Aerospace to Japanese chemical company Sekisui Chemical Group for $510 million in cash, in a deal steered by Gibson Dunn & Crutcher LLP.

  • June 17, 2019

    3 Firms Guide $1.8B Keane, C&J Oilfield Services Tie-Up

    C&J Energy Services and Keane Group Inc. said Monday they will join forces to create a major player in oilfield services valued at $1.8 billion, striking a deal steered by Schulte Roth & Zabel, Simpson Thacher and Kirkland & Ellis.

  • June 17, 2019

    3 Firms Steer Sotheby's Take-Private Deal Valued At $3.7B

    Fine art broker Sotheby’s said Monday it has agreed to be acquired by BidFair USA in a take-private deal carrying an enterprise value of $3.7 billion that was steered by Sullivan & Cromwell, Hughes Hubbard and Ropes & Gray.

  • June 14, 2019

    Slack's Direct Listing, Robust IPO Lineup To Heat Up June

    Six law firms will guide eight companies scheduled to go public during the week of June 17, a robust slate highlighted by workplace messaging company Slack's direct listing, plus seven companies planning traditional initial public offerings expected to surpass $900 million.

  • June 14, 2019

    Digital Printing Co. Sued Over $1.7B Buyout's Terms

    Shareholders in Electronics for Imaging Inc. filed suit Thursday in Delaware federal court claiming the company’s planned sale to an affiliate of private equity firm Siris Capital Group is based on information that's missing key data, which shareholders need to make an informed decision on the $1.7 billion deal.

  • June 14, 2019

    Insurer Fights $19M Atty Fee Bid In Heparin Coverage Suit

    Travelers Property Casualty Co. is pushing back against American Capital Ltd.’s request for nearly $19 million in attorney fees following a 2017 ruling that found the insurer liable for some defense costs in underlying tainted blood thinner litigation, calling the request untimely and its hourly rates “extraordinarily high.”

  • June 14, 2019

    Elk Petroleum Investors Ask Court To Nix Ch. 11 Financing

    Stockholders who already filed suit over a stock-to-debt conversion prior to Elk Petroleum Inc.'s Chapter 11 are now taking aim at Elk's proposal for up to $10 million in post-petition financing, telling the Delaware bankruptcy court the financing has flawed terms and may not even be needed.

  • June 14, 2019

    Deals Rumor Mill: WeWork, Maxar Technologies, Total

    WeWork is reportedly mulling a deal to take control of its Indian unit, Maxar Technologies is considering selling its space robotics unit, and Total SA is close to snapping up a stake in Adani Gas.

  • June 14, 2019

    Helicopter Leasing Co. Calls Ch. 11 Auction NDA Suit Baseless

    A helicopter leasing company is asking a New York bankruptcy court to dismiss claims by asset manager Macquarie Group that it violated a non-disclosure agreement in the auction of bankrupt Waypoint Leasing's chopper fleet, calling the suit a baseless "fishing expedition."

  • June 14, 2019

    2 Firms Guide $825M In Health Care Data, Biopharma IPOs

    A company that provides automation software and services to health care providers and a biopharmaceutical company established price ranges for their initial public offerings on Friday, hoping to raise a combined $825 million in offerings steered by Simpson Thacher and Fenwick & West, respectively.

  • June 14, 2019

    Blackstone Credit Arm GSO Capital Closes $4.5B Fund

    Private equity giant Blackstone’s credit arm GSO Capital Partners on Friday said it closed its second energy select opportunities fund after nabbing $4.5 billion in commitments.

  • June 14, 2019

    Don’t Miss It: Vinson, Nixon Peabody Lead Week’s Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Vinson & Elkins and Nixon Peabody. Here, Law360 recaps the ones you might have missed.

  • June 14, 2019

    6 Firms Steer Hexaware's $182M Deal For Digital Consultant

    Indian internet technology consultant Hexaware said Friday it will pay $182 million to take over Mobiquity, a U.S.-based provider of digital customer experience services, with Skadden, Houthoff and J. Sagar Associates steering the buyer, and Pepper Hamilton, Grey Street Legal and Stibbe guiding the seller.

Expert Analysis

  • 5 Myths In Legal Crisis Communications

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    Having worked at a boutique law firm, a crisis communications agency and in BigLaw, I have identified a number of common misconceptions across these disparate business models when it comes to crisis and litigation communications, says Robert Gemmill of Hogan Lovells.

  • How Del. High Court Sees Discussion Vs. Negotiation In M&A

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    Although there is still no bright-line test, last month's Delaware Supreme Court decision in Olenik v. Lodzinski clarified the difference between “preliminary discussions” and “negotiations” for purposes of the requirement set forth in the 2014 case Kahn v. M&F Worldwide, say attorneys at Fried Frank.

  • An Overview Of The Debate Over Litigation Finance Disclosure

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    In light of a New York federal court's recent decision in Benitez v. Lopez, which joins a growing body of case law denying forced disclosure of commercial litigation finance, Stephanie Spangler of Norris McLaughlin and Dai Wai Chin Feman of Parabellum Capital break down the arguments commonly raised for and against disclosure.

  • Key Tax Issues In Rollover Equity Transactions: Part 2

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    In the final installment of this two-part series about tax issues in rollover equity transactions, Scott Dolson of Frost Brown Todd tackles tax and net income allocation provisions in LLC operating agreements, when equity rollovers are technically compensation, and the potential tax consequences of rolling over equity-like bonus rights.

  • Key Tax Issues In Rollover Equity Transactions: Part 1

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    Target company equity owners, investment bankers and private equity firms navigating the rollover equity aspects of a typical M&A transaction need to consider the key factors that affect how participants will be taxed, whether structuring a taxable or a tax-free rollover, says Scott Dolson of Frost Brown Todd.

  • How To Identify And Deal With Narcissists In Law

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    Given that a large swath of the legal profession may display some narcissistic tendencies, it is important for lawyers to know how to address the narcissist in the room — and it may be you, says Jennifer Gibbs of Zelle.

  • Q&A

    A Chat With Cleary Chief Talent Officer Hy Pomerance

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    In this monthly series, legal recruiting experts from Major Lindsey & Africa interview management from top law firms about the increasingly competitive business environment. Here, Amanda Brady and Dustin Laws talk with Hy Pomerance, chief talent officer of Cleary.

  • What SEC Exam Trends Mean For Asset Managers

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    Recently released statistics show that the U.S. Securities and Exchange Commission's Office of Compliance Inspections and Examinations has been identifying fewer deficiencies and making fewer enforcement referrals, but industry players should not take these numbers as a reason to become complacent, say attorneys at Debevoise & Plimpton.

  • Rebuttal

    Forced Arbitration Is A Far Worse 'Product' Than Jury Trials

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    Jury trials are not dying because arbitration is a “better product,” as alleged in a recent Law360 guest article, but because corporations have rigged the system through forced arbitration to ensure they cannot be held accountable before a judge or jury, say attorneys at Hagens Berman.

  • Guest Feature

    Preet Bharara On The Human Factor In The Justice System

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    A key theme in Preet Bharara's new book is the enormous role the human element plays in the administration of justice. The former U.S. attorney for the Southern District of New York discussed this theme, among other topics, in a recent conversation with White and Williams attorney Randy Maniloff.

  • New Treasury Proposal May Help Investors Get To Land Of OZ

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    There is cause for optimism that the proposed opportunity zone regulations released by the U.S. Department of the Treasury on April 17 will reduce investor uncertainty, allowing more capital to flow into qualified opportunity zones, say Lisa Zarlenga and John Cobb of Steptoe & Johnson.

  • New Tax Insurance Options On The Rise In M&A

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    A recent shift in the insurance market allows buyers and sellers to more appropriately underwrite and allocate contingent tax risks arising in mergers and acquisitions, say Robert Holo and Tyler Robbins at Simpson Thacher.

  • Rebuttal

    Jury Trials, Though In Decline, Are Well Worth Preserving

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    In a recent Law360 guest article, the author applauded the disappearance of jury trials as an inefficient, costly mechanism, but in doing so he overlooked the greater value of jury trials for our justice system, says Stephen Susman, executive director of the Civil Jury Project at NYU School of Law.

  • A Broader View Of The US Supreme Court Bar

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    During the past 15 years, three widely read articles bolstered by starstruck media have promulgated the incorrect perception — sorely in need of revision — that the U.S. Supreme Court bar is limited to a handful of elite lawyers, says Lawrence Ebner of Capital Appellate Advocacy.

  • Ex-Jumio CEO Case Shows SEC Is Watching Private Cos.

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    The U.S. Securities and Exchange Commission recently settled with the founder of Jumio for his misstatement of financial results to inflate the value of his company shares. This case is an example of what may be in store if an economic downturn hits the current stable of unicorns, say Joshua Newville and Brian Hooven at Proskauer.

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