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Private Equity

  • December 14, 2018

    Neiman Marcus Accuses Marble Ridge Of Smear Campaign

    Neiman Marcus Group Inc. filed counterclaims in Texas state court Friday against Marble Ridge Master Fund LP and its adviser, disputing the lawsuit the hedge fund lobbed earlier in the week and saying it has “waged a public campaign” against the luxury fashion retailer in an effort to extort value from it.

  • December 14, 2018

    Ex-Apollo Exec Can't Gag His Former Atty In SEC Probe

    A New York federal judge on Thursday overruled objections to the U.S. Securities and Exchange Commission's questioning of a former attorney for an ex-Apollo Management LP executive who stands accused of defrauding fund clients, saying there’s been no showing of common interest privilege. 

  • December 14, 2018

    David's Bridal Creditors Slam Evercore’s $13M Ch. 11 Fee

    Creditors of bankrupt David’s Bridal Inc. called for a 50 percent cut to a proposed $13.1 million Delaware Chapter 11 retention fee for investment banker Evercore Group LLC on Friday, citing “double dipping” and other allegedly nonstandard fee calculations.

  • December 14, 2018

    Covington & Burling Steers Merck's €2B Animal Tech Biz Buy

    New Jersey-based Merck & Co. Inc. said on Friday that it has agreed to buy all outstanding shares of privately-held animal intelligence technology group Antelliq Group for €2.1 billion ($2.4 billion) and assume its debt in a deal that was guided by Covington & Burling LLP.

  • December 14, 2018

    Deals Rumor Mill: Sprint, McAfee, Bankia

    A U.S. national security panel is reportedly expected to OK a Sprint-T-Mobile merger, Intel Corp. and TPG Capital are in talks to sell McAfee to Thoma Bravo, and Bankia is close to offloading €3 billion ($3.4 billion) worth of bad loans and repossessed property.

  • December 14, 2018

    Investors Accuse Calif. Company Of Concealing Crypto Focus

    Investors in Sacramento, California-based Sunstock Inc. filed suit against the company Thursday in Boston federal court, saying it told the public it had a retail store, residential properties and a stockpile of silver when actually it was putting resources into crypto tokens.

  • December 14, 2018

    Don't Miss It: Sullivan And Sidley Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Sullivan & Cromwell and Sidley Austin.

  • December 14, 2018

    Paul Hastings Picks Up Private Equity Partner In Houston

    A former partner at Willkie Farr & Gallagher LLP who helped represent Brookfield Business Partners in its $4.6 billion Westinghouse Electric buy has joined Paul Hastings LLP as a partner in its Houston office.

  • December 14, 2018

    Taxation With Representation: Kirkland, Gibson Dunn

    In this week’s Taxation With Representation, Travelport is taken private in a $4.4 billion deal, Lexington Partners closes on a $1 billion capital commitment for TPG Asia funds, and Permira snags private universities from Laureate Education for €770 million. 

  • December 13, 2018

    Catalina Secures First Court OKs For $1.9B Del. Ch. 11

    Point-of-sale retail coupon and "big data" retailing pioneer Catalina Marketing Corp. secured its first Chapter 11 approvals Thursday for a prepackaged plan that will wipe away about 85 percent of its $1.9 billion debt load.

  • December 13, 2018

    Toys R Us Wins Ch. 11 Clearance For $760M Sale Of Asia Biz

    Toys R Us Inc. won approval from a Virginia bankruptcy court on Thursday to sell the majority stake of its business operations in Asia to a group of senior investors for $760 million as part of a Chapter 11 liquidation plan that provides creditor recoveries and releases potential claims between stakeholders.

  • December 13, 2018

    Arent Fox Nabs Ex-Shearman Atty For DC Tax Practice

    Arent Fox has announced a former Shearman & Sterling LLP partner is joining the firm’s tax practice in Washington, D.C., to assist clients with domestic and international transactional tax issues.

  • December 13, 2018

    Bojangles' Investor Seeks More Details On Chain's Acquisition

    A Bojangles’ Inc. investor sued the restaurant chain and its directors in Delaware federal court Wednesday claiming not enough details have been provided about its acquisition by Durational Capital LP and The Jordan Co. for investors to cast an informed vote on the deal.

  • December 13, 2018

    Biotech Biz Zymergen Lands $400M Series C Funding

    Molecular manufacturing technology company Zymergen said on Thursday that it has raised over $400 million in its latest round of funding that it will use to accelerate product development and commercialization.

  • December 13, 2018

    Deals Rumor Mill: Premier Oil, Japan Post, Oak Hill

    Premier Oil PLC is mulling making an offer for North Sea oil and gas assets being sold by Chevron Corp., Japan Post Holdings plans to invest in U.S. insurer Aflac Inc., and an Oak Hill Capital Partners buyout fund is getting ready to hit its first close.

  • December 13, 2018

    Rimon Lands Private Funds Atty From VLP In California

    Boutique law firm Rimon PC has expanded its private funds and securities adviser team in California with the hiring of a partner from VLP Law Group LLP who brings significant financial services expertise in a range of industries, including real estate, technology and entertainment.

  • December 13, 2018

    Real Estate Rumors: Blackstone, Fortress, Wells Fargo

    Blackstone has reportedly sold a New York office and retail building to Clarion Partners for $282 million, a Fortress Investment venture is said to have landed more than $780 million in financing for a Times Square project, and Wells Fargo has reportedly loaned $13.5 million for a logistics project in Florida.

  • December 13, 2018

    Online Retailer Minted Receives $208M Capital Injection

    A group of private investors has agreed to plug $208 million into Minted, an online retailer that allows consumers to vote on artist-submitted designs for retail products, with the winning designs being put up for sale, according to a Thursday statement.

  • December 13, 2018

    Winston & Strawn Taps Ex-Akin PE, Project Finance Pro

    Winston & Strawn LLP has added a prominent private equity, transactional and project finance law partner to its Washington, D.C., office from Akin Gump Strauss Hauer & Feld LLP.

  • December 12, 2018

    ARRIS Stockholder Seeks To Halt $7.4B CommScope Buy

    ARRIS International PLC has been hit with a proposed class action by an investor seeking to stop the technology company from being acquired by telecom CommScope in a proposed $7.4 billion private equity-backed deal, with the stockholder claiming not enough information has been provided about the transaction.

Expert Analysis

  • Guest Feature

    The Subtle Art Of Fred Fielding

    Fred Fielding

    He was White House counsel to two presidents. When Reagan was shot, he explained the chain of command to a four-star general. And until a few years ago, many people still thought he was Deep Throat during the Watergate scandal. Fred Fielding of Morgan Lewis & Bockius may be the quintessential Washington insider. White and Williams attorney Randy Maniloff learned more.

  • What We Heard At The FTC Hearings: Day 14

    Barry Reingold

    The eighth hearing in the Federal Trade Commission’s series on competition in the 21st century addressed concerns that stock holdings by institutional investors of noncontrolling interests in competing portfolio companies may have anti-competitive effects. Barry Reingold of Perkins Coie LLP offers some key takeaways.

  • 10 Tips For Law Firms To Drive Revenue Via Sports Tickets

    Matthew Prinn

    Many law firms have tickets or luxury suites at sporting events to host clients and prospects. Matthew Prinn of RFP Advisory Group and Matt Ansis of TicketManager discuss some of the ways that firms can use those tickets effectively.

  • Inside Key ABA Guidance On Attorneys' Cybersecurity Duties

    Joshua Bevitz

    A recent opinion from the American Bar Association provides useful guidance on attorneys’ obligations to guard against cyberattacks, protect electronic client information and respond if an attack occurs, says Joshua Bevitz of Newmeyer & Dillion LLP.

  • Opening Comments: A Key Strategic Decision In Mediation

    Jann Johnson

    Opening comments by parties in mediation that are made with the proper content and tone can diffuse pent-up emotion and pave the way for a successful resolution. But an opening presentation can do more harm than good if delivered the wrong way, say Jann Johnson and William Haddad of ADR Systems LLC.

  • How To Help Realize A Tax Equity Market For Carbon Capture

    Hunter Johnston

    In February, Congress amended Internal Revenue Code Section 45Q, creating a tax equity market that supports investment in carbon capture and storage projects. Additional guidance, like that proposed by the Carbon Capture Coalition, is needed in a number of key subject areas to unlock this market, says Hunter Johnston of Steptoe & Johnson LLP.

  • Drafting Effective Joint Bidding Agreements For PE Funds

    Sawyer Duncan

    Club deals involving one or more private equity funds are becoming increasingly popular across the market. Failure to consider the numerous unique mechanics of such deals can dramatically inhibit investors’ ability to realize value, says Sawyer Duncan of King & Spalding LLP.

  • Series

    Judging A Book: Ginsburg Reviews 'The Curse Of Bigness'

    Judge Douglas Ginsburg

    When reading Tim Wu’s new book, "The Curse of Bigness: Antitrust in the New Gilded Age," lawyers, economists and historians will find its broad brush maddening, and the generalist reader will simply be misled, says D.C. Circuit Judge Douglas Ginsburg.

  • 5 Things You Should Know About New Rule 23 Amendments

    John Lavelle

    For the first time in 15 years, Federal Rule of Civil Procedure 23, governing class actions, has been amended. There are five key changes that will likely impact future federal class action litigation and settlements, say John Lavelle and Terese Schireson of Morgan Lewis & Bockius LLP.

  • Why Private Equity Has Eyes On Vision Care

    Holly Buckley

    With an aging population, significant cash-based premium business opportunities and a highly fragmented industry, the optical care space should continue buoying private equity enthusiasm well into 2019, say attorneys with McGuireWoods LLP.