Private Equity

  • February 23, 2018

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

    The last week has seen hundreds of new claimants bring competition suits against Visa and MasterCard, Italian bank Dexia lodge a claim against a Sicilian city still staring down a pre-crisis-era derivatives contract, and the liquidator for an FCA-targeted carbon credit investment scheme file a negligence claim against Nabas International Lawyers LLP.

  • February 23, 2018

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

    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 Simpson Thacher & Bartlett LLP and Weil Gotshal & Manges LLP. Here, Law360 recaps the ones you might have missed.

  • February 23, 2018

    Looming Cap On Borrowing Could Alter Financing Strategies

    In four years, the new tax law is scheduled to tighten restrictions on businesses claiming deductions for interest paid on borrowed funds, but highly leveraged companies already are evaluating how this imminent change will affect their cash flows and financing options.

  • February 23, 2018

    General Mills Nabs Pet Food Co. Blue Buffalo In $8B Deal

    General Mills Inc. will pick up private-equity-backed Blue Buffalo Pet Products Inc. in an $8 billion deal, as the branded food company looks to become a big dog in the natural pet food arena, the companies said Friday.

  • February 23, 2018

    Deals Rumor Mill: Luye Medical, SpringerNature, Nordstrom

    Luye Medical has hired banks to lead its Singapore IPO, SpringerNature is eyeing a Frankfurt public offering of its own, and Nordstrom's founding family is closing in on an offer to take the retailer private.

  • February 23, 2018

    PE-Backed 'Emerging Growth Co.' Files For $300M IPO

    A newly organized blank check company created by private equity firm Terrapin Partners filed for a $300 million initial public offering Friday, with its eye on large private technology companies and technology disrupting markets, according to a filing with the U.S. Securities and Exchange Commission.

  • February 23, 2018

    Taxation With Representation: Davis Polk, Kirkland & Ellis

    In this week’s Taxation With Representation, Rhône Capital inks a $560 million deal for a Brazilian steakhouse chain, Temenos buys Fidessa for $1.9 billion and IK Investment Partners closes on a €550 million ($676 million) small cap fund.

  • February 23, 2018

    Tilton, Patriarch Hit With $10M Suit In TransCare Case

    The trustee for bankrupt ambulance company TransCare Corp. hit Lynn Tilton and her private equity firm Patriarch Partners with a $10 million clawback suit in New York bankruptcy court Thursday, alleging the onetime owners of TransCare blew up the company through mismanagement and an “outrageous” scheme.

  • February 23, 2018

    Ex-SEC Chair Urges Delay Of Post-IPO Suit Policy Debate

    Former SEC Chairman Harvey Pitt on Friday urged current Chairman Jay Clayton to put on “the back burners” the idea of allowing companies to bar investors from filing lawsuits after an initial public offering, saying debating the subject would divert the agency’s “limited resources.”

  • February 23, 2018

    US Steps Into Tricare FCA Suit Against Pharmacy, PE Owner

    The government has intervened in a False Claims Act suit accusing a Florida compounding pharmacy and its private equity fund owner of running a kickback scheme that induced Tricare to pay more than $68 million for medically unnecessary prescriptions, the U.S. Department of Justice announced Friday.

  • February 23, 2018

    China’s Momo Pays More Than $600M For PE-Backed Tantan

    Chinese social and dating app network Momo Inc. said Friday it will take over private equity-backed dating app rival Tantan in a deal worth upward of $600 million.

  • February 23, 2018

    Swedish EQT Closes Latest Fund At €10.75B Hard Cap

    Swedish private equity firm EQT AB on Friday said it closed its latest fund at its €10.75 billion ($13.2 billion) hard cap after less than six months of fundraising thanks to eager existing investors.

  • February 23, 2018

    Goulston & Storrs Grows Corporate Team With Boston Hire

    A former Pepper Hamilton LLP partner has joined Goulston & Storrs PC in its Boston office, adding even more depth and experience to the firm’s corporate practice with a specialist in the middle-market mergers and acquisitions and private equity spaces.

  • February 22, 2018

    Deals Rumor Mill: Phoenix, Telecom Italia, United Tech

    Phoenix Group is reportedly nearing a deal for Standard Life's insurance unit, F2i and Rai Way increased their bid for Telecom Italia's broadcasting business, and United Technologies' CEO said the company will decide by the end of the year whether to split up.

  • February 22, 2018

    Mexican Real Estate Co. Wants $15M Factory Suit Back In US

    A Mexican industrial real estate buyer urged the Ninth Circuit on Wednesday to revive its suit accusing a Los Angeles private equity firm of concealing certain circumstances surrounding the sale of a $15 million manufacturing facility, saying an order sending the dispute to arbitration in Mexico has left it without a remedy.

  • February 22, 2018

    JP Morgan Guides Sterling Bay’s $510M Warehouse Buy

    Chicago-based real estate developer and investor Sterling Bay purchased a 1.65 million square foot warehouse in Chicago that is currently home to Groupon, among others, in a $510 million deal that was advised by J.P. Morgan Asset Management, the company said on Thursday.

  • February 22, 2018

    Investment Values ProSiebensat.1's NuCom At €1.8B

    European media company ProSiebensat.1 Media SE said Thursday that growth equity firm General Atlantic will pick up a stake in its NuCom Group subsidiary, valuing the unit at €1.8 billion ($2.2 billion) as the media group looks to develop its commerce business.

  • February 22, 2018

    Repsol Inks €3.8B Sale Of Utility Stake To CVC Affiliate

    Spanish energy company Repsol said Thursday it has inked a deal to sell a roughly 20 percent stake in a natural gas and electric utility to a company controlled by CVC-affiliated funds for €3.8 billion ($4.7 billion).

  • February 22, 2018

    The PE Industry's Potential Role In US Infrastructure Plans

    The Trump administration's push for U.S. infrastructure upgrades comes as the private equity industry has raised historic amounts of capital for infrastructure investment, but traditional PE players are likely to focus on areas like renewable energy rather than major bridge, tunnel or road projects, which could present regulatory challenges, among other issues.

  • February 22, 2018

    Partners Group Closes $3.6B Infrastructure Fund

    Global private market investment manager Partners Group has raised $3.6 billion during a private offering that will be invested in renewable energy projects and other infrastructure projects throughout the world, the company said on Thursday.

Expert Analysis

  • Private Equity In The Aviation Sector Takes Flight

    Hugh Stacey

    We could well be looking ahead to a world where over half of aviation finance comes from alternative sources. For private equity general partners that move now and treat the sector with the specialist attention it deserves, the sky's the limit, says Hugh Stacey of Augentius.

  • Observations On Delaware Appraisal In A Post-Dell World

    John Hughes

    It is too early to assess the full reach that Dell will have on appraisal in Delaware. But the Delaware Chancery Court's ruling last week in Verition Partners v. Aruba Networks provides a first look, say John Hughes and Jack Jacobs of Sidley Austin LLP.

  • A Guide To Financing Food And Beverage Companies In 2018

    Will Bernat

    With investment dollars continuing to flow in 2018, high-growth food and beverage brands will have the opportunity to think strategically and creatively about the investors they work with and deal structure, says Will Bernat of Nutter McClennen & Fish LLP.

  • How Emerging Sources Of ESI Will Impact Discovery

    Charles McGee

    Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often in order to keep pace with technology, says Charles McGee III of Murphy & McGonigle LLP.

  • Put The Brakes On Acceleration Bay Litigation Funder Ruling

    David Gallagher

    Last week, the District of Delaware raised eyebrows by ruling that documents provided to a litigation funder and its counsel in connection with their due diligence are categorically not attorney work product. Acceleration Bay v. Activision Blizzard seems to be a case of bad facts making bad law, says David Gallagher, investment manager and legal counsel for Bentham IMF.

  • Considerations For Attorneys Using Artificial Intelligence

    Ben Allgrove

    Artificial intelligence tools can empower attorneys to work more efficiently, deepen and broaden their areas of expertise, and provide increased value to clients, which in turn can improve legal transparency, dispute resolution and access to justice. But there are some common pitfalls already apparent in the legal industry, say Ben Allgrove and Yoon Chae of Baker McKenzie.

  • Tips For Drafting Contractual Nonreliance Clauses

    Amy Park

    Contractual nonreliance provisions, sometimes called “big boy” letters, have received their fair share of attention, but little attention has been paid to the effect forum selection and choice-of-law issues have on such provisions. The choice of where to litigate and which law will govern can significantly impact, if not conclusively determine, the outcome of a dispute, say Amy Park and Niels Melius of Skadden Arps Slate Meagher & Flom LLP.

  • Series

    Judging A Book: Duncan Reviews 'Justice And Empathy'

    Judge Allyson Duncan

    In "Justice and Empathy: Toward a Constitutional Ideal," the late Yale Law School professor Robert Burt makes a compelling case for the undeniable role of the courts in protecting the vulnerable and oppressed​. But the question of how the judiciary might conform to Burt’s expectations raises practical problems​, says U.S. Circuit Judge Allyson Duncan of the Fourth Circuit. ​

  • The Art Of The Litigation Funding Deal

    Julia Gewolb

    As litigation funding becomes more widespread, greater complexity and variability in funding deals are to be expected. All claimants should consider certain key questions on the economics of single-case funding when considering or comparing funding terms, says Julia Gewolb of Bentham IMF.

  • Smart Contracts Need Smart Corporate Lawyers

    Matthew O’Toole

    Given the operational and security risks involved, and the substantial digital asset values transacted, the rise of distributed ledger technology and smart contracts will create new opportunities and responsibilities for transactional lawyers, say attorneys with Potter Anderson Corroon LLP.