Private Equity

  • November 28, 2022

    Centerbridge, GIC Offer $662.5M For Industrial REIT Takeover

    Industrial real estate company INDUS Realty Trust Inc. said Monday it is evaluating an offer from its second largest shareholder, Centerbridge Partners LP, and GIC Real Estate, Singapore's sovereign wealth fund, to purchase the company in a bid valuing it at $662.5 million.

  • November 28, 2022

    Catching Up With Delaware's Chancery Court

    In a three-day scramble before Thanksgiving, Delaware's Court of Chancery kicked off new cases involving bitcoin mining, Texas real estate and 2016 election claims; got an earful about Shari E. Redstone's emails and texts from Madison Square Garden; and docketed a request for a proposed $26 million fee award.

  • November 28, 2022

    Ex-Kirkland PE Partner Joins Ropes & Gray In New York

    Ropes & Gray LLP has picked up Kirkland & Ellis LLP private equity partner Jessica Murray, the firm announced Monday.

  • November 28, 2022

    Irell Adds IP Litigator In DC From Kobre & Kim

    Business litigation firm Irell & Manella LLP continued expanding its year-old Washington, D.C., office by adding a former Kobre & Kim LLP intellectual property litigator, the firm announced Monday.

  • November 28, 2022

    BigLaw Firms Help Create Term Sheet Template For Startups

    Three BigLaw firms were part of a broad coalition that worked to put together a "representative" template for life sciences startups to cut costs and provide general guidance when organizing a financial deal that includes a term sheet.

  • November 28, 2022

    4 Firms Build Deal For Yahoo To Buy Minority Stake In Taboola

    Paul Weiss-led Yahoo Inc. announced Monday that it will acquire a minority stake in Davis Polk-advised advertising company Taboola through a 30-year exclusive commercial agreement that is expected to generate $1 billion in annual revenue and was put together with help from four law firms.

  • November 28, 2022

    BigLaw Firms Flock To Singapore For Its Economic Growth

    At least five large law firms have opened offices in Singapore in the past 18 months, and others are busy hiring as opportunities for high-end legal work flourish in a relatively strong economy and business opportunities across Southeast Asia abound, according to legal recruiters.

  • November 28, 2022

    Morgan Lewis Adds Citibank, Davis Polk Attys As Partners

    Morgan Lewis & Bockius LLP has hired the former assistant general counsel and senior vice president for Citibank and a former Federal Reserve counsel to its New York and Washington, D.C. offices, the firm announced Monday.

  • November 28, 2022

    How Firms Are Getting The Most Out Of Their Pro Bono Work

    From BigLaw to boutiques, each law firm has its own way of integrating pro bono. Some make their pro bono commitment public. Others choose to fly under the radar, forgoing the public relations value pro bono can bring. But overall, the goal is the same: making an impact while developing a strong firm culture.

  • November 28, 2022

    The 2022 Law360 Pulse Social Impact Leaders

    Check out our Social Impact Leaders ranking, analysis and interactive graphics to see which firms stand out for their engagement with social responsibility and commitment to pro bono service.

  • November 23, 2022

    Mapping Out VLSI-Intel's Sprawling Patent War

    VLSI Technology has won more than $3 billion in patent infringement verdicts against Intel Corp. in a Texas federal court so far, but those victories account for just a portion of their cross-country and international feud over chip patents. Here, Law360 takes a closer look at the global litigation and lays out the fights in each forum.

  • November 23, 2022

    The Rise And Fall Of FTX: Timeline Of The Collapse

    In less than four years, cryptocurrency exchange FTX Trading Ltd. went from fintech infancy to a $32 billion valuation before the financial house of cards founder Sam Bankman-Fried built came crashing down. The collapse was rapid and stunning, playing out over 10 days in November 2022 and ending with multiple insolvency cases being filed in three jurisdictions.

  • November 23, 2022

    TPLC Sues To Uphold Deal With Investors After Proxy Fight

    One of Texas' biggest landowners, Texas Pacific Land Corporation, has sued an investor group led by New York-based Horizon Kinetics that split with the company at its annual meeting in opposing a move to expand the number of shares of company stock.

  • November 23, 2022

    Ropes & Gray-Led Electric Aircraft Co. Lilium Lands $119M

    German electric aircraft developer Lilium NV, guided by Ropes & Gray LLP, announced Wednesday that it had closed a $119 million capital raise from a group of investors that includes industrial technology conglomerate Honeywell, among others.

  • November 23, 2022

    Another News Corp. Investor Raises Doubt About Fox Merger

    An additional News Corp. shareholder, the London-based investment firm Independent Franchise Partners, has expressed concern about a possible merger between the media company and Fox Corp.

  • November 23, 2022

    Honigman Announces Corporate Partner In Chicago

    A business attorney with experience in industries including technology, cannabis and real estate has joined Honigman LLP as partner.

  • November 23, 2022

    Latham-Guided Manchester United Toys With Possible Sale

    English Premier League soccer team Manchester United, guided by Latham & Watkins LLP, has said it is exploring strategic alternatives — including a potential sale — in an announcement that comes on the heels of a flurry of deal-making activity for elite English soccer clubs, which have become appetizing propositions for investors, including U.S. private equity firms.

  • November 23, 2022

    4 Firms, 2 Years, 1 Suit And, Finally, A Done UnitedHealth Deal

    Attorneys at Simpson Thacher & Bartlett LLP and Cleary Gottlieb Steen & Hamilton LLP knew from the beginning that UnitedHealth's $13.8 billion purchase of Change Healthcare was likely to draw antitrust pushback and potentially a direct U.S. Department of Justice challenge.

  • November 23, 2022

    Tech Investor Clinches €1.8B Buy Of Just Eat's Brazilian Unit

    Food delivery giant Just Eat said that it has completed the sale of its 33.3% equity stake in its Brazilian subsidiary to the subsidiary's majority owner, tech investor Prosus, in a deal potentially worth up to €1.8 billion ($1.85 billion).

  • November 23, 2022

    Clifford Chance Leads Entain's €700M Buyout Of Gambling Biz

    Betting group Entain said on Wednesday that its newly created subsidiary has completed its buyout of Croatian sports gambling business SuperSport Group, in a deal led by Clifford Chance that is worth up to €690 million ($712 million).

  • November 23, 2022

    Glencore Agrees Australian Mine Sale To SPAC For $1.1B

    Commodities trader Glencore said on Wednesday that it will sell its Australian copper mine to a special purpose acquisition company listed in New York for more than $1.1 billion.

  • November 22, 2022

    Thor Equities Poses $3B Casino, Hotel Coney Island Project

    Thor Equities Group on Tuesday launched a $3 billion bid to transform New York's Coney Island from an economy that is reliant on summertime visitors to a year-round destination with a casino, hotel and other entertainment.

  • November 22, 2022

    3 Firms Steer $573M SPAC Merger For UK EV Startup Zapp

    Special-purpose acquisition company CIIG Capital Partners II Inc. and U.K.-based electric bike company Zapp Electric Vehicles Ltd. announced Tuesday that they had reached an agreement to merge in a deal that implies an enterprise value of $573 million for the combined company and was put together by three law firms.

  • November 22, 2022

    Meridian Bioscience's $1.53B Sale Clears Antitrust Hurdles

    Meridian Bioscience Inc. told investors Tuesday that its proposed $1.53 billion sale to SD Biosensor Inc. and SJL Partners LLC has received several key antitrust approvals and is still on track to close in March, but that it's yet to resolve an ongoing U.S. Department of Justice investigation.

  • November 22, 2022

    Clark Hill, JP Galda Guide $170M Cybersecurity SPAC Merger

    Blank-check company Western Acquisition Ventures Corp., advised by J.P. Galda & Co., on Tuesday agreed to merge with Virginia-based cybersecurity solutions provider Cycurion Inc., steered by Clark Hill PLC, in a deal that values the combined company at just over $170 million.

Expert Analysis

  • Why Courts Are Rejecting Agencies' Merger Challenges

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    Recent losses for the U.S. Department of Justice and the Federal Trade Commission show how difficult it is for the agencies to challenge transactions based on certain theories — and that merging parties can close difficult transactions if they are willing to fight regulators in court, say attorneys at McDermott.

  • Public's M&A Comments Hold Clues For Agency Guidelines

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    Analysts at Cornerstone Research analyze nonpractitioner responses to the Federal Trade Commission and U.S. Department of Justice's request for input on merger enforcement, and share how their findings — including high interest in health care and Big Tech — can help legal practitioners anticipate the new guidelines' content.

  • Opinion

    New-Parent Attorneys Need Automatic Litigation Stays

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    To facilitate parental leave for solo practitioners and small-firm attorneys excluded from the Family and Medical Leave Act's protections, the American Bar Association should amend its rules to implement automatic litigation stays for attorneys welcoming a new child, says attorney Gabriel Levy.

  • Associate Skills That Impress Firms In A Cooling Job Market

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    With the lateral hiring market calming down and law firms no longer overlooking resume deficiencies when evaluating candidates, associates at all levels should be cognizant of the skills and attributes that make them marketable to prospective employers, says J.B. Pullias at VOYlegal.

  • SEC Anti-Fraud Settlement Is A Warning For Fund Advisers

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    A recent settlement between the U.S. Securities and Exchange Commission and Energy Innovation Capital Management, a California venture capital fund, is a timely reminder that the negligence-based anti-fraud provisions of the Investment Advisers Act apply to all advisers — registered and unregistered alike, says Eric Rubenfeld at Fragner Seifert.

  • Compliance With Gun-Jumping Rules Keeps Deals On Track

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    With mergers and acquisitions receiving closer scrutiny from the U.S. Department of Justice and Federal Trade Commission, it is more important than ever to comply with the rules against gun jumping, or unlawful preclosing activity, in order to avoid delaying or even derailing a transaction, says Scott Perlman at Mayer Brown.

  • Lessons From 3 Antitrust Agency Losses In Merger Trials

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    The government lost three antitrust agency merger trials last month, underscoring the need for companies considering strategic deals to first weigh a number of factors, including the viability of litigating before an impartial judge, say Gorav Jindal and Brian Rafkin at Akin Gump.

  • High Court Could Resolve Thorny Atty-Client Privilege Issue

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    The U.S. Supreme Court recently granted review in a federal grand jury proceeding that presents a rare opportunity to clarify — and possibly significantly expand — the scope of the attorney-client privilege for complex mixed-purpose communications with counsel, says David Greenwald at Jenner & Block.

  • How Health Providers Can Utilize Management Services Orgs

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    As licensed health care professionals continue to face an increase in demand due to the ongoing pandemic, viewing private equity investment through management services organizations may be beneficial, although this strategy brings its own risks and challenges, says Jonna Eimer at Much Shelist.

  • Refining Info Governance As E-Discovery Gets More Complex

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    Courts are increasingly requiring litigants to produce chats and other conversations recorded on business collaboration platforms as evidence, so companies should develop strategies for preserving and organizing such data to timely comply with e-discovery requests and to protect sensitive information, say attorneys at Akerman.

  • How The US Merger Enforcement Playbook Is Evolving

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    Haynes and Boone attorneys examine recent heightened merger scrutiny and what it means for potential merger parties, parsing recent case developments as well as congressional testimony and speeches by leaders of the federal antitrust agencies.

  • D&O Insurer Challenges Amid Market, Economic Turbulence

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    The decline of record market capitalizations, compounded by high litigation and securities class action exposure, leaves directors and officers insurance carriers and issuers facing economic contraction as companies grapple with the institutionalization of environmental, social and governance investment priorities amid a new Cold War, say Nessim Mezrahi and Stephen Sigrist at SAR.

  • Risk Mitigation In Face Of Rising Legal Malpractice Claims

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    As the recent rise in frequency and cost of legal malpractice claims is expected to continue amid global high inflation and economic uncertainty, law firms and insurers would be wise to evaluate key risk areas and consider six steps to minimize exposure, say Nicole Shapiro and Cory Stumpf at Atheria Law.

  • Series

    Keys To A 9-0 High Court Win: Look For Common Ground

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    When arguing for the petitioner in Golan v. Saada before the U.S. Supreme Court earlier this year, a focus was placed on appealing to multiple judicial philosophies with the aim of not only winning each justice’s vote, but also achieving clear guidance from the court’s opinion, says Karen King at Morvillo Abramowitz.

  • Latest Sanctions Narrow Path To Legal Dealings In Russia

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    The latest round of sanctions and export controls from the U.S., U.K. and EU after Russia's purported annexation of Ukrainian regions demonstrates a commitment to strong sanctions, even in the face of heightened energy needs, and shows businesses the escalating risks associated with continued dealings in Russia, say attorneys at Kirkland.

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