Private Equity

  • April 20, 2018

    2 Water Island Funds Contest Barracuda $1.6B Buyout Price

    Two funds of Water Island Capital LP petitioned Delaware’s Chancery Court  late Thursday for appraisal of their Barracuda Networks Inc. stock following Barracuda's $27.55 per share, $1.6 billion, go-private acquisition by private equity Thoma Bravo in early February.

  • April 20, 2018

    Kirkland Steers GTCR’s £1B Cash Deal To Sell Callcredit

    Kirkland & Ellis LLP guided GTCR's cash deal to sell United Kingdom-based Callcredit Information Group to TransUnion for £1 billion ($1.4 billion), the private equity firm said Friday.

  • April 20, 2018

    Latham Eyes Real Estate Expansion With New Group Co-Chair

    Latham & Watkins LLP is looking to grow its real estate footprint in Europe, as well as in San Francisco and other U.S. markets, while continuing to focus in part on private equity and real estate investment trust work, the firm's newest global real estate co-chair, Michael Haas, told Law360 in a recent interview.

  • April 20, 2018

    Don't Miss It: Hot Deals & Firms We Followed This Week

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Davis Polk and Ropes & Gray. Here, Law360 recaps the ones you might have missed.

  • April 19, 2018

    Logistics Co. Investor Cries Foul On Board's Control Transfer

    An investor in logistics firm Steel Connect Inc. accused its board of directors in a derivative suit filed Wednesday in Delaware of improperly issuing preferred equity to its largest shareholder, giving majority voting control to the shareholder without any compensation to minority investors.

  • April 19, 2018

    3 IPOs Tap Markets For $841M With Mixed Results

    A private equity-backed steel products company and two biotechnology firms completed initial public offerings that raised a combined $841 million after pricing deals at varying ends of the price spectrum, kicking off a busy week for IPOs with mixed results on Thursday.

  • April 19, 2018

    Deals Rumor Mill: Luxottica, Intermédica, Yildiz

    Luxottica’s chairman reportedly said China may want restrictions related to its deal for Essilor, Notre Dame Intermédica Participações SA has enough interest in its initial public offering to price it near the middle of its range, and Godiva’s Turkish owner is planning on restructuring $6.5 billion in debt.

  • April 19, 2018

    Weinstein Co. Says Dozens Of Buyers Have Shown Interest

    Bankrupt movie studio The Weinstein Co. told a Delaware judge Thursday that since its auction plan received court approval this month it has received more than 50 expressions of interest from potential buyers for its assets.

  • April 19, 2018

    Nordic Capital Extends Portfolio With $3.1B Continuation Fund

    Private equity firm Nordic Capital on Thursday said that it has completed the transfer of its nine unlisted portfolio companies to a continuation vehicle, Nordic Capital CV1, which received commitments of €2.5 billion ($3.1 billion).

  • April 19, 2018

    CMT Divests Singapore Mall To Joint Venture For $189M

    Real estate investment trust CapitaLand Mall Trust has agreed to sell a Singapore shopping mall for SG$248 million ($189 million) to a joint venture between construction engineering company Lian Beng Group Ltd. and private investment firm Apricot Capital Pte Ltd., the company said on Thursday.

  • April 19, 2018

    SEC Can Review Expert Docs In Camelot Exec's Fraud Case

    A New York federal judge said Wednesday that the U.S. Securities and Exchange Commission is entitled to review documents provided to experts who were retained to provide testimony in the fraud case against a former Camelot Group executive, even though they will no longer be testifying.

  • April 19, 2018

    Real Estate Rumors: Henley, Tommy Bahama, Atlas Capital

    U.K. private equity shop Henley has reportedly bought two Florida hotels for $15.4 million, Tommy Bahama is said to have renewed its 14,000 square feet of office space in New York and an Atlas Capital venture has reportedly bought a stake in a Long Island City office and retail building in a deal valuing the property at $400 million.

  • April 19, 2018

    3 Alt PE Fund Types Attys Should Know Inside And Out

    Private equity fund managers seeking an edge in a challenging and increasingly crowded fundraising and deal-making environment have found success trying unconventional strategies like secondaries and private debt, which promise stable and strong returns but can also present unique legal issues. Here, Law360 explores three alternative fund types.

  • April 18, 2018

    Mediation Progress Pushes Zohar Dismissal Trial One Week

    Attorneys for bankrupt investment vehicles the Zohar Funds told a Delaware judge Wednesday afternoon that their efforts to mediate issues in the cases had progressed far enough that the parties were comfortable adjourning a motion to dismiss the Chapter 11 filings until next week to allow for further talks.

  • April 18, 2018

    IPOs Reach Market More Quickly As SEC Comments Dwindle

    Companies saw their initial public offerings move through the Securities and Exchange Commission review process more quickly in 2017, data show, facing fewer comments from regulators as the SEC shifts toward a more capital-formation friendly stance under Chairman Jay Clayton.

  • April 18, 2018

    Jurisdiction Gives NY Judge Pause In Trust Atty Fee Suit

    A New York state judge expressed concern at a hearing Wednesday about whether she has jurisdiction to hear a suit from law firm Chaitman LLP and a slew of securitized student loan trusts faulting their trustee Wilmington Trust Co. and administrator GSS Data Services Inc. for the trusts’ unpaid legal bills.

  • April 18, 2018

    Norton Rose Accused Of Client Betrayal In Energy Deal Talks

    A Florida-based energy finance company sued Norton Rose Fulbright and one of its former lawyers in New York court Tuesday for allegedly sharing confidential information about a possible power plant acquisition with a potential competitor.

  • April 18, 2018

    Deals Rumor Mill: Altice, Carl Icahn, Grail

    The European Commission plans to fine Altice, Carl Icahn snapped up a less than 5 percent stake in Dell Technologies unit VMware, and Grail Inc. wants to raise $1 billion.

  • April 18, 2018

    Pharmacy, PE Fund Owner Want Tricare FCA Suit Trashed

    A Florida compounding pharmacy and its private equity fund owner on Tuesday urged a federal court to toss False Claims Act litigation accusing them of running a $68 million kickback scheme involving medically unnecessary prescriptions for Tricare beneficiaries, contending that the government's allegations are far too generalized.

  • April 18, 2018

    Starwood Closes $7.6B Real Estate Fund, Its Largest Ever

    Starwood Capital Group has closed its largest-ever fund, a real estate-focused fund with more than $7.55 billion in capital commitments, according to an announcement from the firm on Wednesday.

Expert Analysis

  • Avoiding Pitfalls In Physician Practice Acquisitions

    Excerpt from Lexis Practice Advisor
    William Eck

    The past few years have seen a resurgence in the acquisition of physician practices, both by hospitals and by private equity firms. However, acquiring a physician group carries special challenges in view of the heavy regulation of the health care provider industry, says William Eck of Seyfarth Shaw LLP.

  • Battery Supply Chain: A Unique Growth Opportunity

    Rebecca Campbell

    Battery materials and electric vehicles offer something unique to today’s commodity producers and investors: a sustainable growth story that is not just China-dependent. The exponential growth in demand is creating a scramble for resources not seen since the last great commodity supercycle, say attorneys with White & Case LLP.

  • Common Pitfalls In Cross-Border M&A

    Siegmar Pohl

    When negotiating and closing deals between U.S. and European or Asian companies, applying well-known principles of one jurisdiction can sometimes lead to unexpected outcomes in another. Siegmar Pohl and Shin Iwata of Squire Patton Boggs LLP discuss hidden liabilities, cultural differences and other surprises in cross-border mergers and acquisitions.

  • Best Practices For Building A Better Meeting

    Nicholas Cheolas

    How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.

  • 5 Ways Law Firms Are Becoming More Like Hotels

    Bella Schiro

    One way law firms differentiate themselves from the competition to attract and retain top talent is through their real estate and workplace strategies. Taking a lead from the hospitality industry can help create a more inviting, welcoming and collaborative workspace environment, says Bella Schiro of Jones Lang LaSalle Inc.

  • The Impact Of Tax Reform On Film, TV And Print Media: Part 2

    Michele Alexander

    The Tax Cuts and Jobs Act has imposed new limitations on a corporation’s ability to take advantage of net operating losses. Certain changes will disproportionately affect media companies, impacting their debt restructuring, acquisition and disposition strategies, say Michele Alexander and Ryan Davis of Bracewell LLP in New York.

  • Opinion

    Gorsuch's 1st Year Shows He Is A Conservative Activist

    Elliot Mincberg

    In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.

  • Trump Tariffs May Violate Investment Treaty Protections

    Javier Rubinstein

    Foreign companies affected by the America First tariffs should consider the extent to which such tariffs may violate their rights under applicable investment treaties or free trade agreements, and thus may provide them with recourse in international arbitration for the harm they have suffered, say Javier Rubinstein and Lauren Friedman of Kirkland & Ellis LLP.

  • Leveling The Purchase Price Adjustment Playing Field

    Jordan Weiss

    M&A contracts often set forth a detailed methodology for arriving at the actual working capital of the business at close. Notably, they almost never contemplate the failure of the buyer to deliver its calculation of working capital by the deadline, say Jordan Weiss and Jenna Newmark of Goodwin Procter LLP.

  • 4 Nettlesome Issues For Private Equity Management

    Benjamin Ferrucci

    Tax reform's modification of the carried interest rules received a lot of attention. However, reform did little else to alter the private equity landscape, and private equity portfolio managers still must address four particularly troublesome compensation issues, says Benjamin Ferrucci, a partner at Locke Lord LLP in Boston.