Private Equity

  • August 18, 2021

    Sidley, Loeb Steer SPAC Deal For $3B Specialty Auto Insurer

    Specialty auto insurance provider Hagerty, counseled by Sidley Austin, will go public at a roughly $3.13 billion valuation by merging with a Loeb & Loeb-advised special purpose acquisition vehicle backed by private equity firm Aldel Capital, the companies said Wednesday.

  • August 17, 2021

    Tilray Eyes US Expansion With 'Game-Changing' MedMen Deal

    Canadian cannabis giant Tilray and U.S. cannabis retailer MedMen announced Tuesday that they had entered into what company principals described as a "game-changing" transaction that could pave the way for Tilray to dominate the U.S. marijuana market pending federal legalization.

  • August 17, 2021

    Investors Allege Ackman's SPAC Dodged Registration Rules

    Investors sued hedge fund giant Bill Ackman's special purpose acquisition company in federal court Tuesday, alleging the massive SPAC avoided registering as an investment company in order to illegally compensate insiders through securities on generous terms unavailable to the public.

  • August 17, 2021

    Latham-Led Sports Betting Fintech Hits $1B Valuation

    Sightline Payments LLC, a digital payments provider for sports betting and casino gaming, said it surpassed a $1 billion valuation Tuesday after grabbing $244 million in a funding round steered by Latham & Watkins.

  • August 17, 2021

    Duane Morris Continues Dallas Expansion With Ex-Finance GC

    Duane Morris LLP continued the growth of its new Dallas office this week with the hiring of a new partner who led the legal department of a Texas investment firm, Duane Morris said Tuesday.

  • August 17, 2021

    European Fintech Bitpanda Hits $4.1B Value In Series C Round

    European financial technology company Bitpanda said Tuesday it reached a $4.1 billion valuation in its latest funding round, which it will use to fuel international expansion of its investment platform.

  • August 17, 2021

    McDermott Adds 3 Energy Deal Pros In NY, Houston Offices

    McDermott Will & Emery LLP has added two former Jones Day energy-focused partners to its New York office and a former general counsel from an energy investment fund to its Houston outpost, continuing its hiring spree of transaction attorneys, the firm announced Tuesday.

  • August 17, 2021

    These Law Firms Have The Most Diverse Equity Partnerships

    After years of professing an unwavering dedication to promoting diversity in the legal industry, law firms have made only modest progress, particularly in their equity partnerships. But a handful of law firms are taking demonstrable steps to turn long-standing goals into realities.

  • August 17, 2021

    Risk Analytics Co., SPAC Call Off $1.4B Merger

    Risk analytics provider QOMPLX will no longer go public through a $1.4 billion combination with a special-purpose acquisition company, the pair said Tuesday, attributing the move to "market conditions."

  • August 17, 2021

    KKR Sells US Warehouse Portfolio In $2.2B Deal With Oxford

    New York-based private equity giant KKR, advised by Kirkland & Ellis, plans to sell a portfolio of industrial warehouses in the U.S. featuring about 14.5 million square feet of space to Canada's Oxford Properties for roughly $2.2 billion, the companies said Tuesday.

  • August 16, 2021

    Tim Hortons China Valued At $1.7B In Planned SPAC Merger

    A special purpose acquisition company backed by China-focused private equity firm Ascendent Capital Partners plans to acquire Tim Hortons China in a deal that values the coffee retailer at $1.69 billion, according to securities filings Monday.

  • August 16, 2021

    Equity Commonwealth Reworks $3B Offer After Starwood Bid

    Equity Commonwealth on Monday modified its planned takeover of fellow real estate investment trust Monmouth, with hopes that the revised $3.4 billion deal satisfies shareholders and fends off advances from a competing suitor.

  • August 16, 2021

    Real Estate Rumors: Live Oak Banking, Sperry, Lennar

    Live Oak Banking has reportedly loaned $30 million for a Florida senior living project, Sperry Equities is said to have paid $26.2 million for an Illinois shopping center and Lennar Homes has reportedly dropped $8.5 million on a Florida development site.

  • August 16, 2021

    SEC Calls 'Supercomputer'-Driven Investments A $12M Fraud

    The U.S. Securities and Exchange Commission is seeking to recover funds from a mother-son duo and their investing outfit for allegedly misusing funds they claimed would be invested by an "artificial intelligence supercomputer."

  • August 16, 2021

    Law360's Diversity Snapshot: What You Need To Know

    Law firms are facing a renewed push to fix a long-standing lack of diversity, and this year's Diversity Snapshot provides a stark perspective on where they stand and how far they have to go. Here's our deep dive into minority representation at law firms in 2020.

  • August 16, 2021

    PE-Backed Cobham Inks £2.57B Deal For UK Defense Firm

    Private equity-backed technology manufacturer Cobham plans to take U.K. defense firm Ultra Electronics private for roughly £2.57 billion ($3.6 billion), the companies said Monday, in a deal shaped by Kirkland and Slaughter and May.

  • August 16, 2021

    Sydney Airport Spurns Increased $16.8B Takeover Attempt

    Sydney Airport has rejected an increased AU$22.8 billion ($16.8 billion) takeover offer from a private equity-backed investor consortium, saying Monday that the bid is an attempt to opportunistically acquire the company at a low value "in light of the COVID-19 pandemic."

  • August 13, 2021

    SEC Says Hemp Co., PE Firm Reaped $11M Through Scalping

    The U.S. Securities and Exchange Commission hit a producer of hemp-derived products and a network of securities dealers and consultants with a securities fraud complaint on Friday, claiming that they engaged in a penny stock scalping scheme that reaped $11 million in illegal profits.

  • August 13, 2021

    DOJ Gets More Time To Review Optum's $13.8B Change Buy

    UnitedHealth Group's Optum unit and health care technology outfit Change Health have agreed to give the U.S. Department of Justice extra time to review their planned $13.8 billion tie-up.

  • August 13, 2021

    High Court Asked To Strike Down Bankrupt Lab's $31M Suit

    Investment funds affiliated with Behrman Capital and Apollo Global urged the U.S. Supreme Court Thursday to overturn an Eleventh Circuit decision reinstating a bankruptcy trustee's attempt to recoup a defunct blood-testing company's $31 million dividend payout, arguing that the panel disregarded nearly century-old precedent on the derivative jurisdiction doctrine.

  • August 13, 2021

    Hunter Taubman Steers Tech-Focused SPAC's $100M Filing

    Blank-check company TG Venture Acquisition Corp. on Friday filed a $100 million initial public offering that could be used to acquire a space technology or fintech business, advised by Hunter Taubman Fischer & Li LLC and underwriters counsel Loeb & Loeb LLP.

  • August 13, 2021

    Nasdaq Diversity Rule To Bring Change, Or Shame, To Cos.

    The Nasdaq board diversity rule approved by the U.S. Securities and Exchange Commission last week represents the latest victory for a new generation of shareholders demanding more diversity in corporate America, one that will compel Nasdaq-listed companies to comply or risk falling behind their peers, attorneys told Law360.

  • August 13, 2021

    Real Estate Tech Biz Grabs $200M In Series D

    Real estate and technology business Divvy Homes said Friday it raised $200 million in a Series D funding round led by Tiger Global Management and Caffeinated Capital and hit a roughly $2 billion valuation.

  • August 13, 2021

    5 Blank-Check Cos. Blitz Public Markets For $840M Combined

    Five more special purpose acquisition companies, guided by 10 law firms, went public Friday, after pricing initial public offerings that raised $840 million combined in order to pursue acquisitions in industries spanning energy, fintech, industrials, consumer goods and infrastructure.

  • August 13, 2021

    Greenberg, Foley Steer $1B Surgical Robotics SPAC Merger

    Memic Innovative Surgery, which develops surgical robotics technology, will go public at a valuation of more than $1 billion by combining with a special purpose acquisition vehicle, the companies said Friday, in a deal led by respective legal advisers Greenberg Traurig and Foley & Lardner.

Expert Analysis

  • Strategies For Fighting Back Against A Rambo Litigator

    Author Photo

    If your opposing counsel is a so-called Rambo litigator, there are ways to turn their scorched-earth litigation tactics and ad hominem attacks into assets that favor your client, says Margeaux Thomas at Thomas Law.

  • Surveying Global Tax Updates For Sovereign Wealth Investors

    Author Photo

    As the market transitions to a post-pandemic phase, sovereign wealth fund and other foreign institutional investors must evaluate how recent U.S., EU and U.K. tax changes may affect their private fund investments, say attorneys at Morgan Lewis.

  • Translating SEC Exam Priorities Into Compliance Action Items

    Author Photo

    The U.S. Securities and Exchange Commission's recently announced examination priorities for 2021 — which include turnkey asset management platforms, remote work operations, technology and disaster continuity plans — give companies a road map for recalibrating compliance programs for the new administration, say attorneys at Lowenstein Sandler.

  • Opinion

    1 Year Into Pandemic, It's Time To Rethink Law Firm Billing

    Author Photo

    The particular tasks for which a law firm client can expect to be billed have become unpredictable in the era of COVID-19, making flat fees and other alternative fee arrangements more attractive for both in-house and outside counsel, says Jessica Hodkinson at Panasonic.

  • What Companies Should Know About SIGPR Oversight

    Author Photo

    Brian Miller, the special inspector general for pandemic recovery, discusses what companies and attorneys can do to avoid CARES Act fraud, how his team approaches protecting taxpayer money, and some of the challenges and successes SIGPR faced building an agency from the ground up amid a pandemic.

  • Rogue High Court Citation May Spark Legal Writing Changes

    Author Photo

    Justice Clarence Thomas’ unexpected use of a new citation format in the U.S. Supreme Court’s recent Brownback v. King opinion is the most notable citation change in the court's writing in 25 years, and could inspire receptiveness for other innovations in legal writing and beyond, says Carrie Garrison at Porter Wright.

  • The Case For Diversity In Internal Investigation Teams

    Author Photo

    Teams that represent differing backgrounds can uniquely strengthen internal investigation processes with more thorough deliberation, better interviewee trust-building and more effective problem-solving, so law firms and clients alike must avoid the natural impulse to select homogenous groups, say Karin Portlock and Jabari Julien at Gibson Dunn.

  • 5 Ways Outside Counsel Can Impress Their Clients

    Author Photo

    Attorneys can build lasting relationships with corporate clients by thinking of in-house counsel as project partners, adhering to a few basic communication principles and thinking beyond legal advice, says Gerry Caron, chief counsel for safety, health and environment at Cabot.

  • Ethics Tips For Attorneys Telecommuting Across State Lines

    Author Photo

    Attorneys working remotely from jurisdictions in which they are not admitted should take precautionary steps to avoid engaging in unauthorized practice of law, say John Schmidt and Michael Seaman at Phillips Lytle.

  • 6 Ways Legal Employers Can Help Pandemic-Weary Parents

    Author Photo

    Parenting during the pandemic has introduced a series of competing personal and professional obligations for attorneys and professional staff, and even organizations that are supportive of their parent employees can take steps to do better, says Meredith Kahan at Saul Ewing.

  • Charitable Fund Dispute Opens Doors For Litigation Wave

    Author Photo

    Although a California federal court recently ruled a donor-advised fund sponsor did not breach prudent investor standards in Fairbairn v. Fidelity Charitable, the case shows that disgruntled donors may initiate claims against charities over nonbinding advisory privileges, and could introduce a wave of litigation over alleged investment mismanagement, says Karl Mill at Adler & Colvin.

  • Remote Working Tips For Lawyer Trainees And Their Firms

    Author Photo

    The prospect of joining a law firm during the pandemic can cause added pressure, but with a few good practices — and a little help from their firms and supervising attorneys — lawyer trainees can get ahead of the curve while working remotely, say William Morris and Ted Landray at King & Spalding.

  • What Biden's Ethics Pledge Means For Gov't Revolving Door

    Author Photo

    Attorneys at Nossaman look at how President Joe Biden’s ethics pledge goes beyond those of his predecessors by imposing post-employment shadow lobbying and golden parachute restrictions on his administration’s appointees — and how a House bill proposing expansion of federal ethics law could affect enforcement.

  • Opinion

    Punishing Bar Exam Policies On Menstrual Products Must Go

    Author Photo

    Law graduates across the states are sitting for the grueling two-day bar exam this week despite menstruation-related barriers, such as inadequate menstrual product and bathroom access, which could be eradicated with simple policy tweaks, say law professors Elizabeth Cooper, Margaret Johnson and Marcy Karin.

  • Tax Takeaways From India's Proposed Budget

    Author Photo

    Consultants at Deloitte discuss the tax implications of India's latest budget proposals, including the potential benefits for foreign portfolio investors and offshore funds migrating to India's new international financial services center, and the possible rise of M&A costs.

Want to publish in Law360?


Submit an idea
Can't find the article you're looking for? Click here to search the Private Equity archive.
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!