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Private Equity

  • June 18, 2018

    Kirkland Guides Cressey’s $1.1B Health Care Fund Close

    Health care-focused private equity shop Cressey & Co. LP on Monday said it snapped up $1.1 billion from investors for its latest private equity fund and co-investment vehicle, with Kirkland & Ellis LLP guiding the firm.

  • June 15, 2018

    Minority Lawyers On Why They Left BigLaw

    Despite the proliferation of diversity committees and inclusion initiatives, corporate law firms remain overwhelmingly white and male, especially at leadership levels. Here, minority attorneys discuss their reasons for leaving a large firm.

  • June 15, 2018

    Taking On The ‘Petri Dish’ Of BigLaw Bias

    The often-informal processes for deciding matters like compensation at law firms can create, as one expert put it, a “petri dish” for the effects of unconscious bias. Here’s how some firms are looking to shake up the system.

  • June 15, 2018

    The Best Firms For Minority Attorneys

    While U.S. law firms have long vowed to make their ranks more diverse and inclusive, the industry has long failed to deliver on those promises. Here are the firms making some headway, according to this year’s Diversity Snapshot.

  • June 15, 2018

    Law360’s Diversity Snapshot: By The Numbers

    Efforts to increase diversity have again yielded few meaningful changes in law firm demographics, according to Law360’s annual headcount survey, even as law schools continue to enroll students of color in increasing numbers.

  • June 15, 2018

    Law360’s Pro Say: What BigLaw Should Do About Diversity

    For years law firms have had programs aimed at increasing attorney diversity, but nothing is working. On this week’s Pro Say podcast we take a look at our latest survey of diversity at law firms, and unpack what experts say are the things that could actually move the needle on this issue.

  • June 15, 2018

    Deals Rumor Mill: DWF, LyondellBasell, Qualcomm

    Manchester-based law firm DWF is gearing up for a potential £1 billion IPO, LyondellBasell Industries is in exclusive talks to buy a controlling stake in Brazil-based petrochemicals business Braskem, and reports of Chinese approval for Qualcomm's $44 billion proposed takeover of NXP Semiconductors were premature.

  • June 15, 2018

    Alarm.com Suit Against PE Investor Tossed

    A suit lodged against private equity investors by home security firm Alarm.com did not survive a motion to dismiss Friday when a Delaware Chancery Court judge said ABS Capital Partners Inc. had the right to make investments in competing companies through mutual agreements with Alarm.com.

  • June 15, 2018

    10 Firms To Steer Biotech-Heavy IPO Lineup Exceeding $1B

    Ten firms are slated to guide 10 initial public offerings projected to raise about $1.3 billion during the week of June 18, representing a lineup dominated by biotechnology issuers plus a real estate investment trust as IPO season hits a busy stretch before the July 4 holiday.

  • June 15, 2018

    Chancery Master Sought For $15B Student Loan Trust

    Players in a strife-torn, $15 billion securitized student loan enterprise on Friday recommended use of a Delaware Chancery Court special master to referee disputed instructions to the fund's owner trustee, pending selection of a replacement for current job-holder Wilmington Trust Corp.

  • June 15, 2018

    PE-Backed Avalara Leads 3 IPOs Raising $377M Total

    Private equity-backed tax automation company Avalara Inc. saw shares soar in first-day trading on Friday after raising $180 million in an initial public offering that priced better than expected, leading three issuers whose shares debuted following IPOs that raised $377 million combined.

  • June 15, 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 recent days helmed by firms such as Proskauer Rose, Hogan Lovells and Debevoise & Plimpton. Here, Law360 recaps the ones you might have missed.

  • June 15, 2018

    Taxation With Representation: Wachtell, Shearman, Simpson

    In this week’s Taxation with Representation, KKR bought Envision Healthcare for $9.9 billion, Gebr. Knauf KG bought rival USG Corp. for $7 billion, Blackstone bought Investa Office Fund for $2.3 billion and Royal Caribbean Cruises scooped up Silversea Cruises for $1 billion.

  • June 15, 2018

    Real Estate Rumors: Walgreens, KKR, Trammell Crow

    Walgreens Boots Alliance is reportedly close to taking more than 200,000 square feet of Chicago office space, a KKR joint venture is said to have dropped $250 million on a Miami office tower and developer Trammell Crow has reportedly picked up a Florida retail center for $30.1 million.

  • June 15, 2018

    Swire Properties Sells 2 Hong Kong Towers For $1.9B

    Hong Kong developer Swire Properties Ltd., which is majority-owned by private equity shop Swire Pacific, has reached a deal to sell a pair of Hong Kong office towers to Henglilong Investments Ltd. for HK$15 billion ($1.91 billion), according to an announcement from Hong Kong-based Swire on Friday.

  • June 15, 2018

    GI Partners Nabs 2 Cos. To Form Human Tissue Storage Biz

    GI Partners, led by Paul Hastings LLP, revealed plans Friday to pick up donor sperm and egg bank California Cryobank and stem cell collection and storage company Cord Blood Registry in a pair of separate deals before merging the two into a top player in the stem cell storage and reproductive tissues services market.

  • June 14, 2018

    Norton Rose Picks Up New M&A, PE Partners In NY, Calif.

    Norton Rose Fulbright has strengthened its mergers and acquisitions and private equity offerings with the addition of partners to its offices in major cities on the East and West Coasts.

  • June 14, 2018

    Chinese Used-Car Platform Uxin Launches $437M IPO

    Chinese online used-car platform Uxin Ltd. on Wednesday launched an initial public offering estimated to raise $437 million, hoping to join a crop of Chinese issuers that have listed in the United States over the past several months.

  • June 14, 2018

    Koch Attorney Warns Chancery On Oxbow Sale Receiver Risk

    An attorney for William I. Koch's multibillion-dollar Oxbow Carbon LLC commodity business told a Delaware vice chancellor Thursday that appointment of a receiver for a court-ordered sale "is neither necessary nor appropriate nor permissible," and could jeopardize the business.

  • June 14, 2018

    Deals Rumor Mill: H&M, Greystar, WeWork

    H&M’s chairman brushed off rumors that the retail giant’s founders are mulling a buyout deal, Greystar Real Estate Partners lobbed a $3.1 billion offer to buy Education Realty Trust, and WeWork could reap additional funding from SoftBank that could value the company at more than $35 billion.

Expert Analysis

  • An Unprecedented Look Inside The FARA Unit

    Brian Fleming

    For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.

  • Why Lawyers Shouldn't Accept Fees In Cryptocurrency: Part 2

    John Reed Stark

    The legal industry has already begun to feel the impact of anti-bribery and anti-money laundering requirements. When involved with cryptocurrency trading and remittance, law firms face more than the risk of being perceived as organizations that support money laundering practices, says John Reed Stark of John Reed Stark Consulting LLC.

  • Why Lawyers Shouldn't Accept Fees In Cryptocurrency: Part 1

    John Reed Stark

    Law firms are increasingly accepting cryptocurrency as payment for services. While this might seem innovative and forward-thinking, ironically it is much more of a throwback, says John Reed Stark of John Reed Stark Consulting LLC.

  • Examining Leadership Structure For Innovation Subsidiaries

    Michael Peregrine

    Many leading health care systems are considering subsidiaries to pursue innovation-related activities and investments. However, such entrepreneurialism is not always a “clean fit” with traditional principles of corporate governance, particularly those in the nonprofit sector, say Michael Peregrine of McDermott Will & Emery LLP and David Nygren of Nygren Consulting.

  • Go East, Angel Investors: Tax Incentives In Delaware Tech

    Ernie Holtzheimer

    A new Delaware law is noteworthy for angel investors because it awards a significant tax credit to those who invest in certain Delaware-based small businesses, says Ernie Holtzheimer of Montgomery McCracken Walker & Rhoads LLP.

  • Impediments To Legal Industry's 'Inevitable' Future: Part 2

    Craig Levinson

    I agree with the legal pundits speculating that NewLaw’s present and future disruptors will radically change the legal services industry, but that change may not come quite as rapidly as predicted. Regardless, now is the time for both the incumbents and the challengers to best position themselves for the eventual shakeup, says Craig Levinson, founder of Levity Partners.

  • Dr Pepper Shines Spotlight On Delaware Appraisal Rights

    Gail Weinstein

    The Delaware Chancery Court recently held that appraisal rights are not available to the stockholders of Dr Pepper in connection with the company's proposed merger with Keurig Green Mountain, raising the question of whether the reverse triangular merger structure in this case will be utilized in other transactions to eliminate appraisal rights, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • Impediments To Legal Industry's 'Inevitable' Future: Part 1

    Craig Levinson

    Legal pundits continue to make predictions that newer entrants into the industry — NewLaw firms, the Big Four and alternative legal service providers — will progressively seize greater amounts of market share from traditional law firms. But the BigLaw response has been underwhelming at best, and a glimpse at the market forces puts its lack of urgency into perspective, says Craig Levinson, founder of Levity Partners.

  • An Update On CFIUS Reform

    Judith Alison Lee

    After six months of wrangling over the fate of a proposal to modernize the Committee on Foreign Investment in the United States, the U.S. Congress appears primed to streamline the CFIUS review process. As it currently stands, the proposed legislation would alter the process in many critical respects, say attorneys with Gibson Dunn & Crutcher LLP. 

  • Opinion

    SEC Should Expand Opportunities For Mr. And Mrs. 401(k)

    Dina Ellis Rochkind

    As the U.S. Securities and Exchange Commission considers raising the standard of conduct applicable to investment advisers with respect to their retail clients, it should also consider loosening the restrictions that inhibit retail investors from gaining access to privately placed securities and other alternative investments, say Dina Ellis Rochkind and Joshua Downer of Paul Hastings LLP.