Private Equity

  • November 22, 2017

    Advanced Disposal Completes $151M Secondary Offering

    Solid waste company Advanced Disposal Services Inc. said Tuesday it has completed an underwritten secondary offering of its stock, allowing affiliates of infrastructure-focused private equity firm Highstar Capital and Brazilian financial firm BTG Pactual to cash in on their stakes in the company to the tune of $151 million.

  • November 22, 2017

    Ropes & Gray Taps PE Leader As Chicago Office Head

    Ropes & Gray LLP has chosen Neill Jakobe, a co-leader of its private equity industry group, as the new managing partner for its Chicago office, the firm announced Tuesday.

  • November 22, 2017

    SPACs Grabbing Bigger Share Of IPO Market

    Initial public offerings by special purpose acquisition companies are growing at their most robust clip since before the financial crisis, giving more visibility to a once remote corner of the IPO market.

  • November 22, 2017

    Finance Group Slams Proposed $12B CFPB Student Loan Deal

    A national structured finance trade group attacked a proposed Consumer Financial Protection Bureau lawsuit settlement with owners of $12 billion in securitized student loans late Tuesday, saying the federal court deal in Delaware could destabilize the industry and economy.

  • November 22, 2017

    ChinaCast Reaches Deal To Advance Ch. 11 Plan Confirmation

    ChinaCast Education Corp. and a private equity firm sitting on a $66 million judgment against the defunct company asked a New York bankruptcy court Tuesday for a second chance at approval of a settlement, which would see them team up to pursue $30 million worth of the debtor’s insurance policies.

  • November 22, 2017

    Deals Rumor Mill: Bank of Sharjah, Penta Investments, Actis

    Two United Arab Emirates financial institutions could merge to create a single entity boasting about 50.6 billion dirhams, CEFC and Penta Investments are partnering on a bid for Time Warner’s Central European Media Enterprises, and Standard Chartered is nearing a sale of its real estate principal finance business.

  • November 22, 2017

    American Securities Sells SeaStar Solutions In $875M Deal

    Dometic Group has agreed to pay $875 million to buy SeaStar Solutions from American Securities LLC, the companies said Wednesday, adding to the Swedish recreational vehicle company's portfolio a provider of vessel control, fuel systems and system integration to the marine industry.

  • November 22, 2017

    Deal Makers Ready To Shake Off 2017’s Cloud Of Uncertainty

    Companies and financial sponsors are expected to dive back into dealmaking in the coming year as they opt to stomach any lingering uncertainty from global regulatory and political challenges in order to take advantage of favorable economics and tap into growth.

  • November 21, 2017

    Trustee Objects To Releases In Aerogroup Ch. 11 Plan

    The federal bankruptcy watchdog blasted the proposed Chapter 11 plan of women’s footwear maker Aerogroup International Inc. on Tuesday, telling a Delaware bankruptcy court the plan contains overly broad third-party releases and that an accompanying disclosure statement doesn’t give enough information.

  • November 21, 2017

    Deals Rumor Mill: AppLovin, Nestlé, SQM

    AppLovin and China’s Orient Hontai are altering their $1.4 billion deal to try to pass regulatory muster, Nestlé is among those wooing U.S. organic and vegetarian food maker Hain Celestial, and multiple suitors are vying for a roughly $4.8 billion stake in a Chilean lithium producer.

  • November 21, 2017

    Ardian Reacquires European Biz Process Outsourcing Firm

    Private equity outfit Ardian has agreed to reacquire Competence Call Center Group roughly four years after having sold the European business process outsourcing services provider to Silverfleet Capital, the companies said on Tuesday.

  • November 21, 2017

    Real Estate Rumors: Fisher, Oscar Barbara, Realterm

    Fisher Brothers has reached a deal to lease out 42,336 square feet in New York to private equity shop Global Infrastructure Partners, developer Oscar Barbara is said to have paid $12.6 million for a Florida shopping center and Realterm Logistics has reportedly dropped $16 million on a Florida warehouse.

  • November 21, 2017

    Del. Chancery Won't DQ Morris Nichols From Dollar Tree Case

    A Delaware Chancery Court judge Tuesday denied a request to disqualify Morris Nichols Arsht & Tunnell LLP from representing Dollar Tree in an ongoing dispute with spinoff company Dollar Express on the grounds that the law firm had given prior legal advice on the dividend distribution that is at the heart of the case.

  • November 21, 2017

    6D Global Settles Suit Over PE CEO's Stock Scheming

    Digital marketing company 6D Global Technologies Inc. will implement new training programs to settle claims that it failed to stop a private equity firm's CEO from manipulating its share price, the company and shareholders have told a New York federal judge.

  • November 21, 2017

    PE-Backed Cos. Unveil Secondary Offerings Totaling $470M

    Private equity-backed food distribution giant Performance Food Group Co. and software provider Black Knight Inc. priced secondary stock offerings raising a combined $470 million on Tuesday, enabling their private equity shareholders to unload sizable stakes in the companies.

  • November 21, 2017

    Dealmakers Hit Brakes On M&A Amid Tax Reform Uncertainty

    The Senate’s revised tax proposal elicits further questions for public and private dealmakers alike, meaning companies would be wise to proceed with caution on mergers and acquisitions activity until there is further clarity on what exactly tax reform will look like and whether it is likely to pass.

  • November 20, 2017

    Court Skeptical Of All In Koch, Oxbow Post-Trial Argument

    A Delaware vice chancellor cautioned Monday that he remained “skeptical of both sides” after post-trial arguments over a private equity investor’s bid to cash out or force a sale of billionaire William I. Koch’s Oxbow Carbon LLC.

  • November 20, 2017

    NY Justices Won't Hold NY Derivative Claims To Cayman Rule

    New York’s highest court said Monday that a minority investor in Scottish Re Group Ltd. did not have to get permission from a Cayman Islands court to pursue derivative claims on behalf of the Cayman-incorporated reinsurer, reversing a state appeals court ruling that stood to limit New York courts’ ability to hear derivative suits involving Cayman companies.

  • November 20, 2017

    Ropes & Gray Names 1st Female Chair In Its 152-Year History

    Ropes & Gray LLP will have a woman at the helm of the law firm for the first time in its 152-year history, the firm said Monday, announcing the appointment of private equity partner Julie Jones to become the law firm’s next chair.

  • November 20, 2017

    Blank Check Co. Highland Acquisition Pulls $250M IPO

    Highland Acquisition Corp., a blank check company formed by executives of hedge fund Highland Capital Management LP, withdrew plans Monday for a $250 million initial public offering intended to pursue an acquisition in the health care, media, telecommunications, entertainment or energy industries that was filed last year.

Expert Analysis

  • Roundup

    Judging A Book

    Alexander Hamilton and the Development of American Law

    Are the latest books on the judicial system worth reading? Federal judges share their thoughts in this series of book reviews.

  • Don't Waste This Planning Cycle: Year-End Strategies

    Hugh A. Simons

    Law firms are businesses where partners operate with significant autonomy. To see their priorities translate into individual partner action, firm leaders should use a few collaborative strategies, suggests Hugh A. Simons, former senior partner of The Boston Consulting Group and former COO of Ropes & Gray LLP.

  • From Snaps To Tweets: The Craft Of Social Media Discovery

    Matthew Hamilton

    Courts have consistently held that social media accounts are subject to established discovery principles but are reluctant to allow parties to rummage through private social media accounts. Recent case law confirms that narrowly tailored information requests get the best results, say Matthew Hamilton, Donna Fisher and Jessica Bae of Pepper Hamilton LLP.

  • An Interview With Former DHS Secretary Jeh Johnson

    Randy Maniloff

    Jeh Johnson, the former secretary of homeland security, was kind enough to let me visit him to reflect on his diverse career. He told stories that left me speechless. And yes, the man who was responsible for the Transportation Security Administration removed his shoes when going through airport security. You bet I asked, says Randy Maniloff of White and Williams LLP.

  • Hurdles To Consider When Securing A Personnel File

    Michael Errera

    Attorneys should follow seven key points to ensure that their discovery requests and pleadings are appropriately prepared to overcome common hurdles that may be encountered when requesting production of a personnel file, say Michael Errera and Paul Ferland of Foran Glennon Palandech Ponzi & Rudloff PC.

  • A Primer On 'Locked-Box' Deals

    John Pollack

    It is important to appreciate that the “locked-box” approach to M&A purchase price adjustments is becoming more and more accepted in the U.S., and that, all things being equal, there is nothing inherently wrong with it, say John Pollack and Pavel Shaitanoff of Gibson Dunn & Crutcher LLP.

  • Series

    Judging A Book: Gilstrap Reviews 'Alexander Hamilton'

    Judge Rodney Gilstrap

    While Alexander Hamilton is the subject of a hit Broadway musical and renewed biographical examinations, professor Kate Brown takes us down a road less traveled in her book "Alexander Hamilton and the Development of American Law" — showing Hamilton as first, last and foremost an American lawyer, says U.S. District Judge Rodney Gilstrap of the Eastern District of Texas.

  • The Case For Creating A Mediation Department At Your Firm

    Dennis Klein

    There are at least four reasons supporting the need for some form of a mediation group within a law firm, especially in firms with larger practices, according to Dennis Klein, owner of Critical Matter Mediation and former litigation partner at Hughes Hubbard & Reed LLP.

  • How Tax Reform Proposals Would Impact PE, VC Funds

    Christian Kimball

    While many of the tax changes currently proposed in Congress will significantly affect the after-tax returns of investors in private equity and venture capital funds, most of the proposals will likely not change the manner in which funds operate, say attorneys with Jenner & Block LLP.

  • Being There: Defending Depositions

    Alan Hoffman

    Defending depositions is challenging. The lawyer is the only shield and protector for the witness and the client. The rules of engagement are less than clear, and fraught with ethical perils. Difficult judgment calls often must be made in the heat of battle. This is where lawyers really earn their keep, says Alan Hoffman of Husch Blackwell LLP.