Private Equity

  • June 01, 2026

    Valeant Investors Should Get Cert. In PwC Fight, Report Says

    A special master recommended Monday that a New Jersey federal judge certify a class of Valeant Pharmaceuticals stockholders looking to hold PwC liable for missing "red flags" that could have caught what they called market manipulation by the pharmaceutical company, rejecting the professional services giant's argument that the lead plaintiff's claims are atypical and "lawyer-driven."

  • June 01, 2026

    Anthropic Confidentially Files IPO Plans

    Artificial intelligence giant Anthropic announced Monday that it had confidentially submitted a proposed initial public offering to the U.S. Securities and Exchange Commission, just days after it hit a post-money valuation of $965 billion after securing $65 billion of investor commitments in its massive Series H funding round.

  • June 01, 2026

    KnowBe4 Escapes Suit Over $4.6B Take-Private Deal

    Security awareness platform KnowBe4 and several affiliates successfully argued for dismissal of a suit from shareholders challenging the company's $4.6 billion sale to private equity firm Vista Equity Partners, with the court finding the suit does not adequately allege the company's ex-CEO and its financiers breached their fiduciary duties.

  • June 01, 2026

    2 Firms Advise Data-Center Power Generator's $600M IPO

    ERock, a company that makes natural gas power systems for data centers, said it aims to raise $600 million at midpoint in an upcoming initial public offering guided by Gibson Dunn & Crutcher and Davis Polk & Wardwell LLP.

  • June 01, 2026

    O'Melveny Adds M&A Pro From Paul Hastings In SF

    O'Melveny & Myers LLP announced Monday that it has welcomed back a mergers and acquisitions attorney who started his career at the firm before most recently working at Paul Hastings LLP.

  • June 01, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week handled disputes involving merger litigation, startup financing battles, cryptocurrency contracts, investor oversight claims and corporate governance challenges, while also issuing notable rulings in cases tied to World Wrestling Entertainment Inc., cybersecurity company KnowBe4 Inc. and biotechnology firm Ayala Pharmaceuticals Inc.

  • June 01, 2026

    Sidley Austin-Led Hiab To Buy Refuse Vehicle Co. For $1B

    Finnish industrial machinery business Hiab said Monday that it will buy Labrie Environmental Group, the Canadian manufacturer of refuse collection vehicles, from U.S. private equity firm Wynnchurch Capital LP for $1.035 billion in cash.

  • June 01, 2026

    EasyJet Deems £3B Castlelake Bid 'Highly Opportunistic'

    Budget airline EasyJet said Monday that a proposed £3.06 billion ($4.11 billion) bid from Castlelake LP, an alternative investment firm, is "highly opportunistic" because its share price has been depressed since the conflict in the Middle East started.

  • May 29, 2026

    Barclays Enabled Concierge Sex-Trafficking Ring, Suit Says

    A California woman has filed a proposed class action against Barclays and its former CEO James "Jes" Staley, claiming that the bank and Staley facilitated and enabled a criminal enterprise tied to a luxury concierge company that trafficked, abused and exploited vulnerable young people.

  • May 29, 2026

    Biz Court Says $4.5M Drag-Along Sale Overcomes Affiliate Bar

    A Texas Business Court judge ruled Friday that a majority investor properly pursued a $4.5 million drag-along sale of a meter-proving company, finding that the buyer was not an affiliate of the majority investor and thus didn't invalidate the drag-along transaction.

  • May 29, 2026

    Telecom Shareholders Seek Fees Over 'Frivolous' Stay Bid

    Minority shareholders of a telecommunications infrastructure company have pressed a New York federal judge to order the majority shareholders to pay attorney fees incurred while defending against what the judge called one of the most "frivolous" stay requests he has ever seen.

  • May 29, 2026

    Universal Music Rejects $65B Pershing Square Proposal

    Universal Music Group said Friday it has rejected an unsolicited takeover proposal from Pershing Square Capital Management, saying the offer worth roughly $65 billion fundamentally undervalues the music company.

  • May 29, 2026

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

    The past week in London has seen the billionaire who donated £5 million ($6.7 million) to Nigel Farage sue Ben Habib, the leader of far-right party Advance UK, for defamation; Mashreqbank bring claims against three subsidiaries of dissolved private equity giant Abraaj Group for commercial fraud; and the property and investment vehicle of the State of Kuwait be targeted by four real estate figures who filed a miscellaneous claim. Here, Law360 looks at these and other new claims in the U.K.

  • May 29, 2026

    Anthropic's Valuation Soars To $965B, Surpassing OpenAI

    Artificial intelligence giant Anthropic has hit a post-money valuation of $965 billion after securing $65 billion of investor commitments in its massive Series H funding round, officially surpassing the valuation of its rival OpenAI.

  • May 29, 2026

    Taxation With Representation: Latham, White & Case, Vischer

    In this week's Taxation With Representation, Fertitta Entertainment acquires Caesars Entertainment, Eli Lilly and Co. buys three companies involved in vaccine development, and nuclear energy company Newcleo Ltd. says it plans to go public by merging with a special purpose acquisition company, NewHold Investment Corp. III.

  • May 29, 2026

    Skadden-Led IFF Selling Ingredients Biz To CVC For $4.3B

    Skadden Arps Slate Meagher & Flom LLP is advising food and fragrance company IFF on an agreement to sell its food ingredients business to White & Case LLP-advised CVC Capital Partners, valuing the unit at about $4.3 billion, according to a Friday announcement. 

  • May 29, 2026

    REIT Take-Privates Pick Up As Valuation Gaps Persist

    Real estate investment trust take-private activity is showing signs of momentum after a relatively subdued period, as private capital and real estate investors increasingly converge around valuation gaps between public markets and underlying asset values.

  • May 29, 2026

    Latham Advises CoStar On $800M Zonda Acquisition

    CoStar Group plans to acquire housing market data and software company Zonda for $800 million in cash from private equity firm MidOcean Partners, with Latham & Watkins LLP and Gibson Dunn & Crutcher LLP advising, according to deal announcements Friday.

  • May 28, 2026

    Lawmakers Raise Alarm Over PE-Backed DOD Contractors

    Three Democratic lawmakers wrote to Secretary of Defense Pete Hegseth expressing concern over the Pentagon's growing reliance on private equity-backed defense contractors, which they said could pose risks to taxpayers and national security.

  • May 28, 2026

    McDermott-Led Ampersand Clinches $1.5B Fund

    Healthcare-focused private equity firm Ampersand Capital Partners, advised by McDermott Will & Schulte, on Thursday revealed that it closed its latest fund with $1.5 billion.

  • May 28, 2026

    Chancery Tosses Insider Financing Suit Against Ayala Brass

    The Delaware Chancery Court has dismissed a stockholder derivative suit against several venture capital investors and directors of biotechnology company Ayala Pharmaceuticals Inc., ruling that the plaintiff failed to show the board could not independently evaluate litigation over a disputed 2023 financing deal.

  • May 28, 2026

    Stoneshield Wraps €1.5B Opportunities Fund

    European investment firm Stoneshield Capital on Thursday revealed that it closed its fourth opportunities fund after securing €1.5 billion ($1.75 billion) in total capital commitments.

  • May 28, 2026

    European Legal AI Startup Nu:legal Raises €1.3M

    Legal artificial intelligence startup nu:legal has raised €1.3 million ($1.5 million) to develop software that mixes the capabilities of a chatbot with attorney oversight, beginning in the employment law and data privacy fields.

  • May 28, 2026

    HVAC Biz Valued At $10B After Apollo Backing, More Rumors

    Private equity giant Apollo took a stake in home services company Apex Service Partners to value it at $10 billion, chipmaker Groq Inc. is hoping to raise $650 million to launch a new company focused on artificial intelligence "neoclouds," and semiconductor company Qualcomm inked a supply deal with TikTok owner ByteDance. Here, Law360 breaks down the notable deal rumors from the past week.

  • May 28, 2026

    3 Firms Guide Rental Property Software Co. Entrata's IPO Plan

    Rental property management software company Entrata filed for an initial public offering with advice from Wilson Sonsini Goodrich & Rosati PC, Latham & Watkins LLP and Ropes & Gray LLP, saying its revenue grew 23% in the first three months of 2026 compared to the same period last year.

Expert Analysis

  • Series

    Volunteering With Scouts Makes Me A Better Lawyer

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    Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.

  • Series

    Law School's Missed Lessons: In Court, It's About Storytelling

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    Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.

  • How Leveraged Lending Pivot May Alter Bank Risk Oversight

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    The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency's recent withdrawal of leveraged lending guidance introduces several principles that may allow banks to better apply enterprisewide risk management programs and potentially create additional competition in the private credit loan market, say attorneys at Mayer Brown.

  • Where Ceding Control In Joint Ventures Ups Developer Risks

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    With new data predicting liquidity will continue drying up in 2026, developers seeking relief via joint venture restructurings should understand how relinquishing an asset's control to a capital partner could have stark consequences, and where negotiations over governance and control triggers present the greatest legal and structural risks, say attorneys at Jenner & Block.

  • How Recent Del. Rulings Clarify M&A Deal Fraud Carveouts

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    Two recent Delaware decisions have provided clarity regarding when a party can or cannot rely on representations made during the course of an M&A transaction, particularly on the scope and enforceability of antireliance provisions, and on representations they knew or should have known were false, says Anthony Boccamazzo at Olshan Frome.

  • Aligning Microsoft Tools With NYC Bar AI Recording Guidance

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    The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.

  • Preferred Equity Monetizations Unlock Energy Tax Credits

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    As private capital funds more energy and infrastructure projects, preferred equity monetization structures — combining elements of tax credit transfers and tax equity partnership-flip transactions with hybrid capital structures — can help project sponsors monetize federal tax credits, access private capital markets and gain structuring flexibility, say attorneys at Willkie.

  • 5 Different AI Systems Raise Distinct Privilege Issues

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    A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.

  • Opinion

    AI-Assisted Arbitration Needs Safeguards To Ensure Fairness

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    As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, ​​​​​​​clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.

  • Series

    Playing Piano Makes Me A Better Lawyer

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    Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.

  • AI-Generated Doc Ruling Guides Attys On Privilege Risks

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    A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.

  • Clearing US Legal Hurdles To Biz Opportunities In Venezuela

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    Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

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