Private Equity

  • June 20, 2019

    Bentham Launches $500M Fund To Finance Non-US Disputes

    Global litigation funder IMF Bentham has introduced a $500 million fund it says is designed to meet growing demand for dispute resolution finance on several continents.

  • June 20, 2019

    TDR Capital Lobs $2.4B Takeover Offer For Used Car Seller

    BCA Marketplace's board on Thursday said it received a cash takeover offer from investment funds managed by London-based private equity firm TDR Capital that values the used vehicle auctioneer's shares at roughly £1.9 billion ($2.4 billion).

  • June 20, 2019

    Holland & Knight Lands Private Equity Pro In Miami Office

    A former McDermott Will & Emery attorney with experience guiding transactions in the health care industry has joined Holland & Knight's private equity practice as a partner in the firm's Miami office.

  • June 20, 2019

    4 Biotech Cos. Raise $476M In Cooley, Davis Polk-Led IPOs

    A quartet of biotechnology and biopharmaceutical companies focused on treating cancer, solid tumors and neurodegenerative and metabolic disorders began trading on Thursday after pricing initial public offerings that raised a combined roughly $476.6 million.

  • June 20, 2019

    Simpson Thacher-Led Grocery Outlet Rings Up $378M Debut

    Private equity-backed retailer Grocery Outlet Holding Corp. made its market debut Thursday in a $378 million initial public offering that saw the Simpson Thacher-led company price shares above an already upwardly revised range.

  • June 20, 2019

    GP Bullhound Brings In €113M For Tech-Focused Fund

    Private investment firm GP Bullhound said Thursday that it has closed its latest fund after collecting €113 million ($127 million) from limited partners, with plans to target investments in companies within the realms of software, entertainment and fintech.

  • June 20, 2019

    Malaysia's Paramount Scores $130M In Education Unit Deal

    Malaysian investment holding company Paramount said Thursday it will shed majority stakes in a trio of education businesses in a 540.5 million Malaysian ringgit ($130.3 million) deal, handing control over to an entity financed by a unit of TPG Capital.

  • June 19, 2019

    Deals Rumor Mill: Slack, KKR, GlaxoSmithKline

    The reference price for Slack Technologies’ initial public offering is set at $26 per share, KKR is getting ready to sell part of its stake in Weststar Aviation Services, and GlaxoSmithKline has launched an effort to sell some of its consumer health brands.

  • June 19, 2019

    Vintage Capital Threatens To Oust Most Of Red Robin's Board

    Vintage Capital threatened Wednesday to oust five Red Robin directors, contending the burger chain's "unwillingness" to conduct a strategic review or respond to the private equity firm's $518.6 million purchase offer raises questions about the board's motivations.

  • June 19, 2019

    Real Estate Rumors: Goodman, Starwood, TA Realty

    Developer Goodman Group has reportedly dropped roughly $130 million on a Los Angeles manufacturing facility, Starwood Property Trust is said to be close to listing a portfolio of Ireland office properties for roughly €530 million, and TA Realty is said to have picked up a Florida office property for nearly $60 million.

  • June 19, 2019

    US Trustee Names Investors Suing Elk To Ch. 11 Committee

    The U.S. Trustee appointed three investor entities that are suing Elk Petroleum Inc. in Chancery Court to the Committee of Preferred Equity Security Holders in Elk’s bankruptcy case in Delaware on Wednesday, giving them a voice in the company’s reorganization.

  • June 19, 2019

    Ares Management Backs $165M Texas Oil And Gas Venture

    Global asset management company Ares Management Corporation is backing a $165 million drilling and development project in the shale-rich Permian Basin in Texas, the company said Wednesday.

  • June 19, 2019

    Iconiq Leads $130M Funding For Food Delivery App Wolt

    Finnish food delivery app Wolt said Wednesday that it has raised $130 million from a group of private investors led by Iconiq Capital, with plans to expand into new markets and hire 1,000 more employees by the end of next year.

  • June 19, 2019

    Pulling Up Stakes: Nelson Mullins, MoFo, Akin Gump

    In our latest roundup of deal makers on the move, Nelson Mullins snagged a corporate and securities specialist in Washington, D.C., Morrison & Foerster brought on a Los Angeles funds partner and strengthened its Chinese capital markets and corporate practices, and Akin Gump added a capital markets pro in Dubai.

  • June 19, 2019

    Fenwick-Led Stoke Therapeutics Prices Upsized $142M IPO

    Venture-backed Stoke Therapeutics Inc., a biotechnology firm developing therapies for genetic diseases, went public Wednesday after raising $142 million in an upsized initial public offering, steered by Fenwick & West LLP and underwriters' counsel Davis Polk & Wardwell LLP.

  • June 19, 2019

    Lower-Mid Market Investment Shop Clinches $375M Debt Fund

    Brookside Mezzanine Partners, a private investment firm that provides debt and makes minority equity investments in lower-middle market companies in the U.S., said Wednesday it has closed its fourth fund after securing $375 million from limited partners.

  • June 19, 2019

    Paul Weiss Assists As KPS Sells Brakes Maker In €690M Deal

    Private equity firm KPS Capital Partners, working with legal adviser Paul Weiss, has agreed to sell Netherlands-based Chassis Brakes International Group to a unit of Hitachi Ltd. for €690 million ($773 million), the companies said Wednesday.

  • June 19, 2019

    French Photo Startup Lands $230M Series C Round

    French photography platform Meero announced Wednesday it had landed $230 million in its latest funding round, which it will use to develop its suite of tools and automatic photo-editing features.

  • June 19, 2019

    More Opportunity Zone Rules Unlikely, Treasury Atty Says

    The U.S. Department of the Treasury is not working to release a third set of proposed regulations for the 2017 tax overhaul's opportunity zone program, an attorney with the agency said Wednesday.

  • June 19, 2019

    Ropes & Gray Steers Angelo Gordon On $2.75B Lending Fund

    Investment firm Angelo Gordon & Co. LP on Wednesday said investors have poured $2.75 billion into the firm’s largest ever direct lending fund, giving the Ropes & Gray-led firm a new source of senior secured loans for middle market companies. 

  • June 18, 2019

    How Law Firms Can Prep M&A, PE Teams For A Recession

    The possibility of a recession has clients asking how to prepare for the effects it would have on mergers and acquisitions and private equity fundraising, but it's equally important that law firms ensure their attorneys are equipped to handle the work that would result from such an economic downturn.

  • June 18, 2019

    PE-Backed Grocery Outlet Raises IPO Target To $318M

    Private equity-backed retailer Grocery Outlet Holding Corp. on Tuesday raised funding expectations just ahead of the scheduled pricing of its initial public offering to about $318 million, a potentially bullish sign from the Simpson Thacher-led company.

  • June 18, 2019

    SEC Mulls Opening Private Offerings To A Wider Audience

    The U.S. Securities and Exchange Commission on Tuesday requested input on potential changes surrounding its regulation of private offerings, including whether rules should be eased to allow more individuals to invest in riskier securities that are normally limited to wealthy individuals.

  • June 18, 2019

    Temporary 'Cease-Fire' Called In Elk Petroleum's Ch. 11

    Elk Petroleum Inc. will continue to draw on $4 million in interim debtor-in-possession financing as parties that have raised issues with the oil and gas company's Chapter 11 declared a temporary "cease-fire" Tuesday to attempt to reach a resolution.

  • June 18, 2019

    Deals Rumor Mill: Dish, Chi-Med, NiSource

    Dish Network is said to be close to dropping $6 billion to buy assets from Sprint and T-Mobile, Hutchison China MediTech has reportedly postponed the launch of a planned Hong Kong listing, and NiSource is said to be considering selling a subsidiary tied to last year’s deadly pipeline explosions in Massachusetts.

Expert Analysis

  • Series

    Why I Became A Lawyer: A Refugee's Journey Of Firsts

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    Even as a child in war-torn Iran, I began to develop a sense of justice and a desire for equality and the rule of law. These instincts ultimately guided me to become a federal prosecutor, and now a partner in private practice, says Raymond Aghaian of Kilpatrick Townsend & Stockton LLP.

  • 9 Trends Driving The Expansion Of Women In Private Equity

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    The private equity industry has a long way to go to ensure the diverse views and experiences of women are harnessed for the good of the firms and the companies in which they invest, but current trends are favorable, say experts at McGuireWoods LLP.

  • Keeping PR Strategy Communications Privileged: Part 2

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    Determining whether and to what extent your legal team should invite a PR agent into privileged communications requires weighing many factors — including the unsettled and evolving case law on whether such involvement destroys privilege protection and creates discoverable, usable evidence, says Jeffrey Schomig of WilmerHale.

  • Oxbow: Freedom Of Contract Is Fundamental To Delaware Law

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    The Delaware Supreme Court's recent decision in the Oxbow Carbon litigation affirms that freedom of contract is a bedrock principle of Delaware law and that the implied covenant of good faith and fair dealing is only to be applied in limited circumstances, say Kyle Gann and Jason Osborn of Winston & Strawn LLP.

  • Keeping PR Strategy Communications Privileged: Part 1

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    Companies faced with high-profile litigation often turn to public relations firms to help defend their reputations and maintain shareholder confidence. But recent cases are a reminder that internal PR firm documents face uncertain privilege protection, even when those documents are generated in support of a broader legal strategy, says Jeffrey Schomig of WilmerHale.

  • What Lawyers Can Do To Prevent And Combat Burnout

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    Lawyer burnout has been called a “romantic disorder” because it is characteristic of a work ethic admired in the legal culture. But the negative impacts of burnout are real and lawyers need to recognize the signs and solutions, says Jennifer Gibbs of Zelle LLP.

  • 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.

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