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Private Equity

  • May 28, 2019

    $643M Xura Deal Suit Muddied By Prior Chancery Decision

    A Delaware vice chancellor acknowledged struggling Tuesday with a proposed class of shareholders' attempt to keep buyer Siris Capital Group LLC in a suit challenging software company Xura Inc.’s $643 million sale in 2016, citing Siris’ earlier escape from a lone investor’s similar claims.

  • May 28, 2019

    Switchback Energy Acquisition Files Confidential IPO Plans

    Switchback Energy Acquisition Corp., a blank check company formed by oil and gas industry veterans and private equity investors, said Tuesday it has confidentially filed plans with regulators to conduct an initial public offering.

  • May 28, 2019

    Wilson Sonsini Leads $5.5M Fundraise For Invoice Co. Crowdz

    Digital invoicing firm Crowdz said Tuesday a recent funding round snapped up $5.5 million from investors including Barclays, helping the Wilson Sonsini-led company ramp up marketing, development and hiring as it rolls out its blockchain-based payment organization platform.

  • May 28, 2019

    Jackson Walker Lands Energy Finance Pro In Houston Office

    A former Mayer Brown attorney with experience steering fundraising and mergers and acquisitions within the energy sector has joined Jackson Walker's corporate and securities practice as a partner in the firm's Houston office.

  • May 28, 2019

    Investor Group To Inject $100M Into Israeli Food Companies

    A group of private investors including Finistere Ventures and OurCrowd have agreed to form a consortium focused on advancements in food and agriculture technology in Israel, with plans to invest as much as $100 million in local startups.

  • May 28, 2019

    Hedge Fund Ups SeaWorld Stake, Lands More Board Seats

    Hedge fund Hill Path Capital on Tuesday lifted its SeaWorld stake to 34.5% and secured the right to add directors to the theme park operator’s board, news that comes as Pacific Alliance Group is paring down its holdings in the Florida-based company.

  • May 28, 2019

    Wilson Sonsini Guides Online Fashion Retailer's $200M IPO

    E-commerce fashion business Revolve Group on Tuesday established the price range for its Wilson Sonsini-led initial public offering that is slated to raise $200 million if shares price at midpoint.

  • May 28, 2019

    2 Firms Steer $1.3B Infusion For La. LNG Facility

    Venture Global LNG Inc. and Stonepeak Infrastructure Partners on Tuesday unveiled a partnership under which Stonepeak will inject $1.3 billion into Venture Global’s Calcasieu Pass liquefied natural gas export facility in Louisiana, in a deal guided by Latham & Watkins and Simpson Thacher.

  • May 24, 2019

    Glass Ceiling Slow To Break For Female Attys In 2018

    Our latest survey of the largest U.S. law firms shows the barriers to equality for women increase as they rise up the ranks. Here’s our breakdown of the data from this year’s Glass Ceiling Report.

  • May 24, 2019

    The Best Law Firms For Female Attorneys

    While the latest Glass Ceiling Report again shows marginal gains for women in private practice, some firms are demonstrably forging a path to parity for female attorneys. Here are the law firms leading the way.

  • May 24, 2019

    What 12 Gender Bias Complaints Say About BigLaw

    Law360 looks at a dozen gender bias suits against law firms to see where their complaints dovetail — and where they veer apart. Together, the suits offer a window into the top gender equity hurdles facing the legal industry.

  • May 24, 2019

    Chinese Online Tutor Co. Joins June Pipeline With $208M IPO

    Chinese online tutoring company GSX Techedu Inc. launched plans on Friday for an initial public offering that could raise $208 million in early June, represented by Skadden with Wilson Sonsini serving as underwriter counsel, adding to the post-Memorial Day deals pipeline.

  • May 24, 2019

    Taxation With Representation: Davis Polk, Sullivan, Sidley

    In this week’s Taxation with Representation, Nuvei buys SafeCharge for $889 million, Dish Network buys broadcast satellite assets from Echostar for $808 million and Aurubis scoops up Metallo Group for $424 million.

  • May 24, 2019

    Uruguay Hit With Arbitration Over Airline Investment

    The private equity-based former shareholders of Uruguay’s flagship airline have made good on their threat to launch arbitration proceedings against the South American country over claims they weren’t compensated when the company was sold to a government-controlled entity.

  • May 24, 2019

    Deals Rumor Mill: Total, PT Softex, J.D. Power

    Total SA wants to pocket up to $4 billion through a sale of some of its stake in a Kazakhstan oil field, PT Softex Indonesia is considering going public, and Global Payments is close to snapping up Total System Services in a roughly $20 billion deal.

  • May 24, 2019

    Chancery Won't Kill $120M Radixx Deal, But Suit Kept Alive

    Delaware’s Chancery Court partially dismissed without prejudice late Wednesday a lawsuit counterclaim seeking to undo the $120 million sale of airline reservation tech firm Radixx Solutions International Inc. in 2016, while allowing an unjust enrichment claim to go forward against the sellers.

  • May 24, 2019

    Feds Seek To Recover $9M Bond From Fugitive Ex-PE Exec

    The U.S. attorney for Massachusetts on Friday asked a federal court to greenlight the forfeiture of a $9 million appearance bond for a former Oak Investment Partners executive who fled the United States after being criminally charged with insider trading.

  • May 24, 2019

    PE-Backed Norwegian Oil Producer Eyes Potential $128M IPO

    Norwegian oil producer Okea ASA on Friday set terms for an initial public offering that could raise up to 1.1 billion Norwegian krone ($128 million), a deal that mostly funds the company’s growth plans while also allowing a private equity backer to sell shares.

  • May 24, 2019

    CapitaLand Sells China Biz Park To Own PE Firm For $449M

    CapitaLand on Friday said it will sell off the entities that own a business plaza in Shanghai in a 3.1 billion Chinese yuan ($449 million) deal, sending the assets to a real estate equity fund established recently by the Singapore-based real estate firm.

  • May 24, 2019

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

    The past week has seen a wealthy British shipping magnate face commercial fraud claims, a Russian businessman sue a former peer embroiled in a mall fraud dispute, and a Barclays Bank PLC unit face contract claims from a host of consumers. Here, Law360 looks at those and other new claims in the U.K.

  • May 24, 2019

    3 Less Common PE Compliance Issues The SEC Is Watching

    The U.S. Securities and Exchange Commission is focused on compliance for private equity firms and their portfolio companies, and while attorneys know the usual red flags, they must also be prepared to handle less common problems such as money laundering, fraud and sexual misconduct. Here, Law360 explores three compliance issues that could trip up a private equity client.

  • May 24, 2019

    DLA Piper Nabs Greenberg Traurig Finance Partner In Miami

    DLA Piper continues to add to its finance practice, this time snagging a Greenberg Traurig LLP partner who specializes in private equity matters to join its Miami office.

  • May 24, 2019

    TPG, Vodafone Challenge Australia's Bid To Block $10B Deal

    TPG Telecom and Vodafone on Friday made good on a promise to challenge Australia’s antitrust authority’s finding that their AU$15 billion ($10.4 billion) combination would kill competition in the country’s mobile services market.

  • May 24, 2019

    Don't Miss It: Hogan, Latham 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 Hogan Lovells and Latham & Watkins. Here, Law360 recaps the ones you might have missed.

  • May 24, 2019

    Venable Lands Tech-Focused M&A Partner In DC Office

    A former Crowell & Moring attorney with experience handling technology-centric mergers and acquisitions in regulated industries has joined Venable's corporate practice as a partner in the firm's Washington, D.C., office.

Expert Analysis

  • Opinion

    The Case For Lawyer-Directed Litigation Funding In NY: Part 2

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    Lawyer-directed nonrecourse litigation funding is more likely to protect a lawyer's exercise of independent professional judgment than traditional means of litigation finance, and furthermore enables worthwhile cases that otherwise could not be funded, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.

  • Trends Suggest Cartel Enforcers Face Headwinds In 2019

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    Judged purely by enforcement statistics, 2018 was a down year for cartel enforcement. But authorities are training their sights on new sectors, theories and targets, and considering additional ways to further sharpen their enforcement stick and sweeten the leniency pot, say John Terzaken and Elizabeth French of Simpson Thacher & Bartlett LLP.

  • Opinion

    The Case For Lawyer-Directed Litigation Funding In NY: Part 1

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    Contrary to what the New York City Bar Association concluded in an ethics opinion last year, lawyer-directed nonrecourse commercial litigation funding does not violate New York rules on sharing fees with nonlawyers, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.

  • 7 Questions To Add To Your Lateral Partner Questionnaire

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    Law firms should redesign the vetting process for lateral candidates so it directly addresses sexual harassment and assault issues, says Howard Rosenberg of Decipher.

  • Q&A

    A Chat With Reed Smith Chief Marketing Officer Sadie Baron

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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 Sadie Baron, chief marketing officer at Reed Smith LLP.

  • Unique Risks Posed By REIT Acquisition

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    Private real estate investment trusts are appealing to non-U.S. investors because they reduce tax liability, but REIT shares come with a variety of risks that prudent buyers must understand and seek to mitigate, say attorneys at Mayer Brown LLP.

  • 'Flexible Work' Makes Freelancing More Viable In BigLaw

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    The rise of remote work capabilities and advances in technology are making flexible, freelance legal work a more accessible career option for corporate attorneys, say Elizabeth Black and Sara Eng of InCloudCounsel.

  • Opinion

    A Call To Permit Judicial Substitution In MDL Proceedings

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    While several proposed changes to multidistrict litigation procedures may be warranted and appropriate, consideration should be given to a modest modification of the judicial selection process, says Doug Smith of Kirkland & Ellis LLP.

  • Guest Feature

    Judge Weinstein On Activism, Gobbledegook, Going Robeless

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    Judge Jack Weinstein has served in the Eastern District of New York for over half a century. White and Williams LLP attorney Randy Maniloff visited his Brooklyn office to find out what makes the 97-year-old jurist tick.

  • What To Expect From Technology-Assisted Review In 2019

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    2018 will be remembered as a transition year for technology-assisted review, and 2019 will likely see a continued focus on how we use TAR, with refinement and expansion across the board, says Thomas Gricks of Catalyst Repository Systems LLC.

  • 2019 Will Bring More Good News For Litigation Finance

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    Last year saw another round of year-over-year growth in litigation finance, as debates shifted from whether it should be permitted to how it can best be managed. The exciting news, says Alan Guy of Vannin Capital PCC, is that 2019 seems likely to bring more of the same.

  • Why More Law Firms Will Embrace Remote Work In 2019

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    Leveraging technology in a fiercely competitive market is a key factor driving law firms toward technology adoption in 2019, as they face growing demand from legal talent and clients for the ability to connect, access and control information whenever and wherever needed, says Tomas Suros of tech provider AbacusNext.

  • 5 Most-Read Legal Industry Guests Of 2018

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    Law360 guest authors weighed in on a host of key legal industry issues this year, ranging from in-house tips for success and open secrets about BigLaw diversity to criticisms of the equity partnership and associate salary models. Here are five articles that captured the most attention.

  • Less Red Tape Will Encourage Opportunity Zone Investment

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    On Dec. 12, President Donald Trump established the White House Opportunity and Revitalization Council. Intended to streamline development in qualified opportunity zones by lowering regulatory barriers, accelerating project timelines and reducing administrative costs, the new program should make investment more attractive, say attorneys at K&L Gates LLP.

  • How BIS Will Review Emerging Technology Export Controls

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    Last month, the U.S. Department of Commerce’s Bureau of Industry and Security sought public comment on criteria for identifying “emerging technologies” that are essential to U.S. national security. By commenting, companies working with these technologies have an opportunity to influence future U.S. government export controls, say authors with Baker McKenzie.

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