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Private Equity

  • May 30, 2019

    Chancery Says Emails From Before Radixx Deal Off Limits

    The Delaware Chancery Court ruled Wednesday that Holdco cannot use privileged emails from airline reservation tech firm Radixx in a dispute over their $120 million merger because the agreement clearly carves out privileged premerger communications from the assets purchased.

  • May 30, 2019

    Feds Want 12-18 Mos. For Convicted Life Time Fitness Trader

    Federal prosecutors say a Chicago man should face a year to a year and a half in prison for trading Life Time Fitness Inc. shares using inside information about a plan to take the gym private, saying the act was not a "momentary lapse."

  • May 30, 2019

    Deals Rumor Mill: Hansoh, CBS-Viacom, Gannett

    Hansoh Pharmaceutical wants to raise as much as $1 billion in a Hong Kong initial public offering, CBS’ board is getting ready to discuss a merger with Viacom, and Gannett has discussed a deal to merge with GateHouse Media.

  • May 30, 2019

    Ex-Cooley PE, Deals Team Makes Move To Sidley

    A team of attorneys from Cooley including three partners made the jump to Sidley Austin, bringing a practice dedicated to private equity sponsors and related deals across a variety of industries.

  • May 30, 2019

    Salt Lake City Retail, Entertainment JV Scores $97M Refi

    Real estate developer Vestar and Oaktree Capital Management snapped up $96.9 million to refinance and improve a retail and entertainment hub in Salt Lake City, according to a statement Thursday by Holliday Fenoglio Fowler, the arranger of the deal.

  • May 30, 2019

    Slaughter And May, Paul Weiss Steer Watch Co.'s £220M IPO

    U.K.-based luxury watch retailer Watches of Switzerland began trading Thursday after raising £220 million ($277.5 million) in an initial public offering on the London Stock Exchange led by Slaughter and May and Paul Weiss.

  • May 30, 2019

    3 Firms Guide $1B Deal For PE-Backed Software Services Biz

    Genstar Capital on Thursday agreed to pay more than $1 billion to buy software services provider Prometheus Group from fellow private equity firm Francisco Partners, in a deal steered by Irell & Manella, Paul Hastings and Holland & Knight.

  • May 30, 2019

    Foley Hoag, Willkie Lead $780M Deal For Threat Software Co.

    Cyber threat monitoring and protection business Recorded Future on Thursday said Insight Partners will pay $780 million to take over the company, with Foley Hoag steering the seller and Willkie Farr guiding the technology-focused private equity firm.

  • May 29, 2019

    Motherhood & Making Partner: The View From 2 BigLaw Moms

    In a Law360 original video, two BigLaw attorneys reflect on being mothers while trying to make partner in a culture that has made slow progress towards increasing female representation in the highest ranks.

  • May 29, 2019

    5 Attorneys On Being The Only Woman In The Room

    Female attorneys are underrepresented throughout the legal industry, but in some practice areas, they often find they are literally the only woman in the room. Here, Law360 hears from five top women on what it's like to still be considered a rare sight in their field.

  • May 29, 2019

    ODN's Ex-CEO Says Industry Trends Sank Acquisition Plans

    The former president and CEO of website domain registration company ODN Holding Corp. testified in Delaware Chancery Court on Wednesday that sluggish marketing trends, not interference by controlling shareholder Oak Hill Capital Partners, hampered ODN's acquisition growth strategy ahead of an $85 million payment to the private equity firm.

  • May 29, 2019

    Cybersecurity 'Unicorn' Primes $378M IPO Steered By 2 Firms

    Cybersecurity “unicorn” CrowdStrike set a price range Wednesday for an initial public offering expected to raise about $378 million, with Davis Polk representing the venture capital-backed software company and Cooley guiding the underwriters.

  • May 29, 2019

    Winston, Wachtell Steer Morningstar's $669M Deal For DBRS

    Chicago-based investment research provider Morningstar on Wednesday said it has agreed to pay $669 million to acquire private equity-backed credit ratings agency DBRS in a deal steered by Winston & Strawn LLP and Wachtell Lipton Rosen & Katz.

  • May 29, 2019

    Alto Snags $130M For Latest US Real Estate Fund

    Alto Real Estate Funds on Wednesday said its latest funding push produced $130 million as it looks to acquire a diverse set of income-generating properties across a dozen growing markets in the U.S.

  • May 29, 2019

    SoFi Closes $500M Round Led By Qatari Investment Fund

    Online personal finance company Social Finance said Wednesday it closed a $500 million equity financing round guided by Wachtell and Shearman & Sterling LLP that will be used to help facilitate further growth and innovation in the platform.

  • May 29, 2019

    Fugitive's Wife Says $9M Forfeiture Would Put Her On Street

    The wife of a venture capital executive who fled to India after being charged with insider trading asked a Massachusetts judge Wednesday to stop the forfeiture of a $9 million bond, saying she and her three children will be out on the streets with no way to pay for housing.

  • May 29, 2019

    Deals Rumor Mill: Odebrecht, Axel Springer, Boost Mobile

    Odebrecht SA’s sugar and ethanol unit is getting ready to file for bankruptcy protection, the founding family of German digital publishing house Axel Springer SE is in talks for the company to be taken private by KKR, and would-be buyers are readying offers for Sprint’s Boost Mobile unit.

  • May 29, 2019

    Realty Group Says Pa. Capital's Waste Fees Are Rubbish

    A real estate investment group and owner of a Harrisburg apartment tower launched class claims on Tuesday accusing the city of forcing it to use municipal trash services at sky-high rates to subsidize lingering costs related to the sale of a debt-laden incinerator.

  • May 29, 2019

    UK Rail Ticket Provider Trainline Seeks $95M London IPO

    Private equity-backed ticketing app Trainline said Wednesday it expects to raise about £75 million ($95 million) in an initial public offering likely to price in June on the London Stock Exchange, a move the company hopes will fuel its growth.

  • May 29, 2019

    Angelo Gordon Gathers $2.75B For US Real Estate Fund

    New York-based investment firm Angelo Gordon & Co. LP on Wednesday revealed that it has clinched its largest-ever real estate fund after collecting more than $2.75 billion from limited partners, with plans to target investments in the U.S.

  • May 29, 2019

    Cravath, Paul Weiss Lead Frontier's $1.4B 4-State Fiber Deal

    Frontier Communications said Wednesday it is unloading its Washington, Oregon, Idaho and Montana operations to a private equity joint venture for approximately $1.4 billion in a deal steered by Cravath and Paul Weiss.

  • May 28, 2019

    Investors Challenge Babcock & Wilcox Equity Transfers

    A proposed class of shareholders sued energy technology and engineering firm Babcock & Wilcox Enterprise Inc.'s directors Tuesday, claiming that they provided insufficient information about a series of equity transactions that an investor asserts could transfer the company's ownership to two investment firms.

  • May 28, 2019

    In The March Toward Parity, Law Firms Fall Behind

    Promotion rates for women at law firms may be inching up, but in the march toward gender parity in the profession, other sectors of the legal industry are making greater strides, recent data shows.

  • May 28, 2019

    Can You Spot The Gender Disparity? A Guide To Implicit Bias

    Women’s recent inroads into the top ranks of law firms are paltry at best, Law360’s Glass Ceiling data shows. A top culprit for the limited progress in gender equality? Implicit bias, experts say.

  • May 28, 2019

    The Best Law Firms For Female Partners

    Law360’s annual Glass Ceiling report again showed little progress has been made in the upper echelons of the legal profession to provide equal opportunities for women.

Expert Analysis

  • Latin American Use Of M&A Deal Insurance On The Rise

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    Paola Lozano and Ralph Perez of Skadden Arps Slate Meagher & Flom LLP offer some region-specific guidance for those seeking to employ representations and warranties insurance in Latin American M&A transactions.

  • Opportunity Zones: The Good, The Bad And The Ugly

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    Although the law of opportunity zones provides an exceptional framework to encourage private equity investment in lower income areas, lack of detailed guidance coupled with significant statutory penalties has delayed project starts. Now deteriorating equity market conditions threaten to dampen the beneficial effects of the legislation, says Kelly Frey of Nelson Mullins Riley & Scarborough LLP.

  • 3 Aspects Of Value Preservation For Restructuring Cos.

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    Three papers presented at the American Economic Association conference this month analyzed mechanisms to protect and preserve the value of distressed companies attempting to navigate the restructuring process, say consultants at Analysis Group Inc.

  • Opinion

    Law Schools Should Be More Like Medical Centers

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    Medical centers and their faculty matter to the practice of medicine. Law schools and their faculty do not matter to the practice of law, says J.B. Heaton of J.B. Heaton PC.

  • Opinion

    Why The SEC Shutdown Must End

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    With the federal government shut down, the U.S. Securities and Exchange Commission faces a staggering 94 percent diminution of its capacity. A robust SEC is critical to U.S. market safety and integrity, and should the agency remain shut down much longer, the damage could be severe, says John Reed Stark of Stark Consulting LLC.

  • Navigating The Many Risks Of PFAS In M&A Transactions

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    The significant attention being paid to poly- and perfluoroalkyl substances by the public and some government regulators is continuing into 2019. Their presence can pose environmental and health risks that need to be subject to careful diligence in potential M&A deals, say Sam Dykstra and Donna Mussio of Fried Frank Harris Shriver & Jacobson LLP.

  • Opinion

    Courts Are Getting It Right On Litigation Funding Discovery

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    Earlier this month, a California federal court denied discovery into the identification of third-party funders with a financial interest in the outcome of an underlying patent infringement action. This decision in MLC v. Micron follows a long line of well-reasoned precedent across U.S. federal courts, say Matthew Harrison and Sarah Jacobson of Bentham IMF.

  • Being Strategic About Chapter 11 Communications

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    In Chapter 11 cases, such as the pending Sears bankruptcy and the soon-to-be filed Pacific Gas and Electric bankruptcy, it’s critical to ensure that the communications strategy is aligned with the legal strategy, says Eden Gillott of Gillott Communications.

  • Diversity's Next Step: Developing Minority Partners

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    The lack of minority partners comes at a high cost to firms, say attorneys at Lightfoot Franklin & White LLC, as they suggest several practical ways to tackle this problem.

  • Arbitrators And Mediators Should Reflect Society's Diversity

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    Alternative dispute resolution providers have made great strides toward diversity, but recent statistics show there is still work to be done. There are certain steps ADR providers can take to actively recruit more women and minority candidates to serve as arbitrators and mediators, says James Jenkins of the American Arbitration Association.

  • Why AFAs Are Key To The Future Of Legal Practice

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    Alternative fee agreements can help align law firm and client interests, increase efficiency and eliminate corporate extortion, among other benefits. They are the best thing to happen to the practice of law in decades, says Kelly Eisenlohr-Moul at Dinsmore & Shohl LLP.

  • New US Development Entity Will Spur Investment In Africa

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    The global emerging-markets private equity community is abuzz with the prospect of a new U.S. development funding institution coming on the scene this year that is expected to increase competition among existing funding institutions and spur first-time investment, especially in Africa, say Thomas Trimble and John Bryant of Winston & Strawn LLP.

  • Series

    Judging A Book: Barron Reviews 'The Clamor Of Lawyers'

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    Can lawyers lead a revolution? According to "The Clamor of Lawyers: The American Revolution and Crisis in the Legal Profession" — a slim but elegant volume by Peter Charles Hoffer and Williamjames Hull Hoffer — they can and they did, says First Circuit Judge David Barron.

  • Handling Corporate Congressional Probes In The Trump Era

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    President Donald Trump’s approach to crisis communications has changed the game enough to demand companies' consideration of a whole new set of options. John Hellerman of Hellerman Communications and Bill Pittard of KaiserDillon PLLC discuss whether corporations can successfully use similar tactics.

  • Common Stockholders Can Wa[i]ve Appraisal Rights Goodbye

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    The Delaware Court of Chancery recently held that language in an agreement requiring minority stockholders to waive appraisal rights was enforceable. Though the case is already on appeal, practitioners should make sure agreements with drag-along rights include unambiguous waiver provisions whenever possible, say attorneys at Goodwin Procter LLP.

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