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Private Equity

  • June 11, 2019

    Payments Co. SpotOn Transact Nabs $40M In Funding

    San Francisco-based payments and software company SpotOn Transact on Tuesday said it raised $40 million in funding led by Franklin Templeton.

  • June 11, 2019

    Corporate Card Co. Brex Nabs $100M In Latest Funding Round

    Corporate credit card startup Brex said Tuesday that it has raised $100 million from a group of investors led by Kleiner Perkins Digital Growth Fund in a funding round that values the San Francisco-based business at roughly $2.6 billion.

  • June 11, 2019

    Deals Rumor Mill: Wintershall, Fosun Fashion, Sunnova

    Wintershall Dea wants to go public in 2020, Fosun International is looking to sell a stake in its fashion business, and Sunnova Energy is planning to go public in an IPO that could value it at upwards of $1 billion.

  • June 11, 2019

    Simpson Thacher Steers EQT Fund's Sale Of Press Ganey

    Swedish private equity firm EQT’s seventh private equity investment fund said Tuesday it agreed to sell Press Ganey to a group of funds managed by Leonard Green & Partners and Ares Management Corp. affiliates, in a deal guided by Simpson Thacher.

  • June 11, 2019

    Lennar Wraps Up $1.3B Fund Targeting US Real Estate

    Homebuilder Lennar Corp. said Tuesday that its private investment subsidiary has clinched a $1.3 billion equity fund that will target real estate investments in the U.S., with an emphasis on multifamily communities across the country’s major metropolitan markets.

  • June 10, 2019

    Apollo's $2.7B Deal For Shutterfly Assisted By 2 Firms

    Private equity giant Apollo Global has agreed to buy California-based image publishing company Shutterfly for roughly $2.7 billion, the companies said Monday, in a deal steered by Fenwick & West and Paul Weiss.

  • June 10, 2019

    BioScrip Investor Wants More Details On Option Care Merger

    An investor hit home infusion care provider BioScrip Inc. with a proposed class action Friday in Delaware Chancery Court saying that company directors have not provided enough details about a merger that would issue more than 500 million new shares of company stock while diluting current investors down to a 20% holding.

  • June 10, 2019

    Deals Rumor Mill: Readerlink, Alibaba, Euroclear

    Readerlink is reportedly laying the groundwork for a Barnes & Noble bid, Alibaba has tapped a pair of banks to help lead a planned offering in Hong Kong, and Euroclear could go public or place shares in a private deal.

  • June 10, 2019

    Autonomous Vehicle Sensor Co. Snags $170M From Investors

    Innoviz Technologies — a provider of sensor technologies and software for autonomous vehicles — said Monday that investors contributed $170 million to a recent funding round as the company seeks to improve its products and roll them out on a larger scale.

  • June 10, 2019

    PE-Backed Grocer Leads 5 IPO Launches Totaling $700M

    A private equity-backed grocery retailer and four biotechnology firms set price ranges on Monday for initial public offerings that could raise $700 million combined next week, unveiling a fresh wave of deals that will enlist the work of five law firms.

  • June 10, 2019

    Banking Platform Biz Alkami Scores $55M Fundraise

    Cloud-based digital banking platform provider Alkami said Monday that investors handed over $55 million through a recent funding round, giving the Texas-based company the ability to further improve its products and generally grow its business.

  • June 10, 2019

    3 Firms Shape $2.2B Deal For PE-Backed Oil, Gas Biz

    Jerry Jones-backed Comstock Resources on Monday agreed to acquire private equity-owned oil and gas exploration company Covey Park Energy LLC for roughly $2.2 billion in a deal guided by Locke Lord, Vinson & Elkins, and Gibson Dunn.

  • June 10, 2019

    Merck Buys Again, Adding Biopharma Tilos In $773M Deal

    Merck said Monday it would acquire Wilson Sonsini-led biopharmaceutical firm Tilos Therapeutics in a deal worth as much as $773 million, adding a business focused on treatments for cancer, fibrosis and autoimmune diseases as it continues a recent buying spree.

  • June 7, 2019

    Genuine Parts Wants Millions For Busted Essendant Merger

    Automotive and industrial parts distributor Genuine Parts Co. told a Delaware vice chancellor Friday it is owed many millions more in damages than a $12 million termination fee it received after Essendant Inc. ended a merger deal by instead entering a tie-up with Staples Inc.

  • June 7, 2019

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

    The past week has seen administrators for London Capital & Finance sue the trustees of the failed bond firm, the owner of an oil tanker hit dozens of underwriters with insurance claims and a digital banking upstart take on NatWest. Here, Law360 looks at those and other new claims in the U.K.

  • June 7, 2019

    Carlyle Raises €540M For European Real Estate Fund

    The Carlyle Group said Friday that it has raised €540 million ($612 million) for an investment vehicle that will focus on real estate assets in Europe, including in the logistics, residential, student housing, retail and hospitality markets.

  • June 7, 2019

    Investors Say $190M Pizza Deal Gave Them Too Small A Slice

    Pizza chain operator Papa Murphy was hit with a putative class action in Washington federal court on Friday by investors alleging the company misrepresented its financial projections ahead of a $190 million merger, shorting them on their slice of the deal.

  • June 7, 2019

    Deals Rumor Mill: Sibur, Caesars, Toro Gold

    Sibur could reportedly go public as soon as 2020, Caesars Entertainment is deep in talks about a potential merger with Eldorado Resorts, and Toro Gold has tapped Raymond James related to a sale after canceled IPO plans.

  • June 7, 2019

    Meister Seelig Leads Legal Biz Software Co.’s $50M Fundraise

    Law firm efficiency software provider Litify on Friday said investment firm Tiger Global Management poured in $50 million in a funding round that will help the Meister Seelig & Fein-led company reach a larger audience.

  • June 7, 2019

    9 Firms To Steer 4 IPOs Topping $1.4B Led By PetSmart Unit

    Nine firms will guide four initial public offerings that are slated to raise more than $1.4 billion during the week of June 10, a lineup that features a PetSmart spinoff plus a cybersecurity startup that has significantly raised its price range.

  • June 7, 2019

    Don't Miss It: Latham, Sidley Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Latham & Watkins and Sidley Austin. Here, Law360 recaps the ones you might have missed.

  • June 7, 2019

    Taxation With Representation: Cleary, Kirkland, Hunton

    In this week’s Taxation with Representation, Google buys Looker for $2.6 billion, Infineon acquires Cypress Semiconductor for $10.2 billion, a J.P. Morgan-affiliated fund buys El Paso Electric Co. for $4.3 billion and Hospitality Properties buys a net lease portfolio from Spirit MTA for $2.4 billion.

  • June 7, 2019

    Dechert Led-Barings Nabs $943M For 1st Real Assets Fund

    Barings, a financial services firm owned by Massachusetts Mutual Life Insurance, on Friday said its new private equity fund brought in $943 million, as the Dechert LLP-led company focuses for the first time on investments in real assets and their related businesses. 

  • June 7, 2019

    Bankruptcy Tech Co.'s New Owner Kept Up Scam, Client Says

    A New Jersey software consulting company is suing the owners of a bankruptcy software provider, saying they maintained a conspiracy with their competitors to artificially inflate fees for using software and services in Chapter 7 bankruptcy cases.

  • June 6, 2019

    NY Appeals Court Won't Revive Brazil Investment Profits Suit

    A New York state appeals court declined Thursday to revive a former Citibank employee's long-running lawsuit seeking hundreds of millions of dollars in profit share he claimed he was contractually owed from a private equity investment program in Brazil he helped design in the late 1990s.

Expert Analysis

  • Tech Trends From SXSW Pose Unique Questions For Lawyers

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    These days, a popular theme in media is that lawyers' jobs will be taken by robots. However, based on the tech issues discussed at the South by Southwest technology conference in Austin, Texas, last month, robots may in fact need lawyers, says Nick Abrahams of Norton Rose Fulbright.

  • In Bar Admissions Process, It's Candor Or Bust

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    You passed the bar exam and are ready for the character and fitness committee interview. Time to think about how to discuss that minor incident in college, that misdemeanor in high school or that mental health issue that you have totally under control, says Richard Maltz of Frankfurt Kurnit Klein & Selz PC.

  • 4 Key Issues In Rent-A-Center Case And A $127M Question

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    The Delaware Chancery Court's decision last week in Vintage v. Rent-A-Center is a stark reminder that courts will enforce the terms of a merger agreement as written. The issue to watch is whether Rent-A-Center will be entitled to the reverse termination fee, say attorneys at Cleary Gottlieb Steen & Hamilton LLP.

  • Series

    Judging A Book: Bashant Reviews 'Doing Justice'

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    My initial reaction to "Doing Justice" was that author Preet Bharara may have bitten off more than he could chew — an accusation leveled against him when he served as U.S. attorney for the Southern District of New York — but I found the book full of helpful gems, says U.S. District Judge Cynthia Bashant of the Southern District of California.

  • Firms Can Leverage Communications When Economy Is Slow

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    Though most experts believe that an imminent recession is unlikely, slowdown fears are increasing. Now is the time for firms to consider how to best leverage their communications and marketing teams to lessen impacts from a potential economic slowdown, says Tom Orewyler of Tom Orewyler Communications LLC.

  • Ethical Social Media Marketing For Lawyers

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    Social media presents rich opportunities to reach prospective clients. Attorneys should not let those opportunities pass them by, but they should keep their ethical obligations in mind as they post, says Cort Sylvester of Nilan Johnson Lewis PA.

  • Q&A

    A Chat With Norton Rose Diversity Director Nina Godiwalla

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    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Nina Godiwalla, director of diversity and inclusion at Norton Rose Fulbright.

  • 5 Mistakes Law Firms Make When Responding To RFPs

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    More and more corporations are now using requests for proposals to make data-driven decisions about which law firms to work with, so it is more important than ever for law firms to avoid common RFP mistakes, says Matthew Prinn of RFP Advisory Group.

  • How SEC Could Expand 'Test The Waters' Communications

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    A rule proposed last month by the U.S. Securities and Exchange Commission would expand the scope of "test the waters" communications rules, allowing more companies to communicate with institutional investors before an initial public offering. Attorneys at Proskauer Rose LLP discuss key takeaways for issuers, underwriters and other market participants.

  • New Rules Would Support Sustainability In EU Capital Markets

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    Environmental, social and governance preferences are becoming an increasingly important aspect of the financial industry. New rules proposed by the European Securities and Market Authority would press asset managers in particular to develop investment and advisory processes integrating ESG factors, say attorneys at Jones Day.

  • What To Expect From Increased FTC-State AG Collaboration

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    At a recent meeting of the National Association of Attorneys General, Federal Trade Commission Chairman Joseph Simons advocated for increased collaboration with state attorneys general, potentially raising the stakes for targeted companies and highlighting the importance of a strong compliance program, say attorneys with Buckley LLP.

  • Guest Feature

    Leon Panetta In The Courtroom, Langley And Area 51

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    Over the course of his career, Leon Panetta has served as a U.S. representative, director of the CIA and secretary of defense. But before all that, he was a lawyer. Randy Maniloff of White and Williams LLP asked him about his legal background — and about little men from outer space.

  • Series

    Why I Became A Lawyer: Finding A Voice, And A New Home

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    My Fulbright scholarship project developed after I talked to my grandmother in the Philippines about the cost of her medication. Drugs developed in the U.S. and Europe are typically sold there for prices beyond the reach of many Filipinos. So I advocated for compulsory licensing for lifesaving medicines, says Melissa Martinez of McGuireWoods LLP.

  • Opinion

    Hedge Fund Activism Delivers Unimpressive Impact

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    Hedge fund activism has generated a large amount of public debate, but it's neither the threat to corporate strength that opponents decry nor the power for positive change that activists and their supporters claim, says J.B. Heaton of J.B. Heaton Research LLC.

  • Series

    Judging A Book: Willett Reviews 'Guilty Pleasures'

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    Professor Laura Little’s new book, "Guilty Pleasures: Comedy and Law in America," will make you laugh and make you think — and to a federal circuit judge who reads the Constitution for the articles, it is ... appealing, says Fifth Circuit Judge Don Willett.

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