We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Private Equity

  • August 21, 2018

    DLA Piper Lands Corporate Law Pro In Mexico City

    DLA Piper has further expanded its Mexico City office with the addition of a corporate law jack-of-all-trades and former Diaz de Rivera & Mangino SC managing partner who counts private equity, mergers and acquisitions, capital markets, banking and foreign investment among his specialties, the firm said.

  • August 20, 2018

    Furniture Brands Trustee Worried By Heritage DIP Releases

    Proposed releases for bankrupt furniture maker Heritage Home Group in a final order for its post-petition financing package drew an objection Monday in Delaware from the liquidating trustee of former debtor Furniture Brands International Inc. because they may impair potential claim the trust has against Heritage.

  • August 20, 2018

    China Biologic's Former CEO Leads $3.9B Takeover Bid

    China Biologic Products Holdings Inc. has received a $3.9 billion cash offer from its former chief executive and a consortium of investment firms, according to U.S. Securities and Exchange Commission filings by the company on Monday.

  • August 20, 2018

    Good Tech Board Strikes $17M Deal In BlackBerry Merger Suit

    Directors and funds sued in Delaware’s Chancery Court over a technology firm’s underpriced sale to BlackBerry Ltd. in 2015 reported a $17 million settlement Monday, in the near-final piece of a $52 million overall settlement that broke down in August 2017.

  • August 20, 2018

    W&T Offshore Raises $361M For Gulf Of Mexico Projects

    Oil and gas company W&T Offshore Inc. said Monday it has raised $361 million in equity capital from a group of investors led by Boston-based HarbourVest Partners LLC to develop up to 14 drilling projects in the Gulf of Mexico.

  • August 20, 2018

    BlackRock Funds Overpaid For Advisory Services, Judge Told

    The shareholders of two BlackRock Inc. mutual funds told a New Jersey federal judge Monday that they pay “excessive” advisory fees compared to the amounts funds that receive advisory services from other institutions pay, amounting to overpayments of $280 million a year.

  • August 20, 2018

    2nd Circ. Won't Revive La Quinta Stock-Drop Suit

    The Second Circuit on Monday refused to revive claims that La Quinta Holdings Inc. and a private equity backer duped investors by failing to adequately disclose the financial risks the hotel chain was facing ahead of a $550.8 million public offering.

  • August 20, 2018

    Deals Rumor Mill: TPG, Standard Chartered, Hess

    TPG Capital is reportedly mulling a deal to invest in the ailing Jet Airways Ltd., Standard Chartered PLC is discussing a deal to sell its private equity unit to Intermediate Capital Group, and PTTEP PCL and OMV are eyeing Hess Corp.’s Southeast Asian offshore natural gas assets.

  • August 20, 2018

    UK Online Fashion Retailer Joins Wave Of IPO Filings

    U.K.-based online fashion retailer Farfetch Ltd. on Monday filed an initial public offering preliminarily estimated to raise $100 million, making it the latest of five companies to submit recent IPOs that could price after Labor Day, when deals are expected to gain steam after a summer break.

  • August 20, 2018

    Tech-Focused SPAC Churchill Capital Primes $400M IPO

    Churchill Capital Corp., a special purpose acquisition company that is raising money likely to acquire a software business, on Monday set pricing terms for a $400 million initial public offering, represented by Paul Weiss Rifkind Wharton & Garrison LLP.

  • August 20, 2018

    EU Clears $70B Linde-Praxair Deal With Divestitures

    The European Commission on Monday said it cleared German gas giant Linde AG’s planned $70 billion merger with Praxair Inc. after the companies agreed to sell off assets and businesses to assuage concerns that the tie-up would hamper competition on the continent.

  • August 20, 2018

    Sun Capital Pushes Del. Court To Throw Out RICO Suit

    Sun Capital Partners Inc. has asked a Delaware federal judge to toss a Racketeer Influenced and Corrupt Organizations Act suit filed by convenience store operator GPM Investments LLC, arguing the company failed to support its claims the private equity firm engaged in a scheme to pass off $60 million in pension fund liabilities.

  • August 20, 2018

    Skadden Guides SDC's $400M Digital Infrastructure PE Fund

    SDC Capital Partners LLC, with assistance from legal adviser Skadden Arps Slate Meagher & Flom LLP, has wrapped up its debut private equity fund at $400 million, with plans to focus on investments in the information technology and communications infrastructure sectors, the company said Monday.

  • August 17, 2018

    Bowles Rice, Insurer Resolve $41M Fight On Eve Of Trial

    Bowles Rice has resolved a $41 million fight with a title insurer stemming from a troubled coal plant build and averted a trial that was set to start Monday, according to a lawyer involved in the case, heading off what at least one expert said was a sizable threat to the firm in the face of its limited malpractice coverage.

  • August 17, 2018

    Chancery Rejects Bid To Unwind $170M Furniture Co. Merger

    A Delaware Chancery judge on Friday sided with directors of furniture company Design Within Reach Inc. and its hedge fund backers at Glenhill Capital Management LP, and rejected investor claims that a roughly $170 million merger with Herman Miller Inc. should be voided because of a quickly fixed mistake.

  • August 17, 2018

    Claire's Retains Del. Ch. 11 Control, Beats Challenge

    Claire’s Stores Inc. retained exclusive control of its Chapter 11 on Friday, overcoming a move by creditor Oaktree Capital Management to loosen the debtor’s hand and improve prospects for a competing $1.5 billion Oaktree bid for the fashion accessories retailer.

  • August 17, 2018

    King & Wood Mallesons Nabs Ex-Cahill Gordon Tax Expert

    King & Wood Mallesons LLP announced it has hired a former Cahill Gordon & Reindel LLP counsel experienced in investments, capital markets and private investment funds for the firm’s New York office to boost its U.S. operations.

  • August 17, 2018

    Deals Rumor Mill: Mafengwo, Marfrig, LafargeHolcim

    Mafengwo wants to raise as much as $300 million in new funding, Marfrig inked a deal to sell Keystone Foods to Tyson Foods Inc. for $2.5 billion and LafargeHolcim Ltd. has earned the interest of Asian powerhouses for its Indonesian unit.

  • August 17, 2018

    Health Hires: Dorsey & Whitney, DLA Piper, Epstein Becker

    Dorsey & Whitney LLP, DLA Piper, Epstein Becker Green, Spencer Fane LLP, Minerva Neurosciences and Carlton Fields are among the latest firms to boost their health and life sciences offerings with new hires. 

  • August 17, 2018

    Don't Miss It: Davis Polk, Willkie 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 Davis Polk & Wardwell LLP and Willkie Farr & Gallagher LLP. Here, Law360 recaps the ones you might have missed.

Expert Analysis

  • 'High Availability' — A Key Term In Law Firm IT Strategy

    Jeff Norris

    While most law firm executives and partners may instinctively want to tune out terms like "high availability" and "disaster recovery" — concepts that IT managers usually worry about — there are five reasons you should lean in and wrestle with the vocabulary, say Jeff Norris of Managed Technology Services LLC and Greg Inge of information security consulting firm CQR.

  • The 'Post-Fact' Jury In The 'Fake News' Era

    Ross Laguzza

    The "fake news" phenomenon is ever more prominent in the political arena — but not in the jury box. At a trial, jurors don’t have to rely on the media or any other source to tell them the facts and issues, since they have a front-row seat to the action, says Ross Laguzza, a consultant at R&D Strategic Solutions LLC.

  • Why 25% Foreign-Owned Blocker Corps. Must File Form 5472

    Brad Wagner

    The IRS has recently become very aggressive in asserting penalties for failing to file a Form 5472 — used to identify potential tax issues with regard to transactions between a U.S. corporation and related foreign shareholder, says Brad Wagner of Wagner Duys & Wood LLLP.

  • Series

    Judging A Book: Lipez Reviews 'Last Great Colonial Lawyer'

    Judge Kermit Lipez

    In his new book, "The Last Great Colonial Lawyer: The Life and Legacy of Jeremiah Gridley," Charles McKirdy argues that Gridley — someone I had never heard of — was the last great colonial lawyer, and that his cases illuminate his times. The author largely substantiates both claims, says First Circuit Judge Kermit Lipez.

  • How FIRRMA Will Change National Security Reviews: Part 2

    Jeff Bialos

    The newly enacted Foreign Investment Risk Review Modernization Act significantly expands the authority of the U.S. government to review and restrict foreign investments on national security grounds. But FIRRMA also has provisions that may exempt some transactions from review, and accelerate review of others, say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.

  • Long-Awaited Bonus Depreciation Insight For Partnerships

    Junaid Chida

    Earlier this month, the IRS finally released proposed regulations under the bonus depreciation provisions of the Tax Cuts and Jobs Act. The guidance provides long-awaited clarification on the availability of 100 percent bonus depreciation to partnership basis adjustments, say attorneys at O'Melveny & Myers LLP.

  • How FIRRMA Will Change National Security Reviews: Part 1

    Jeffrey Bialos

    The Foreign Investment Risk Review Modernization Act empowers the U.S. government to review a far broader group of transactions than ever before to determine if they threaten national security. FIRRMA's expansive new coverage includes oversight of real estate investments and transfers of "emerging and foundational technologies," say Jeffrey Bialos and Mark Herlach of Eversheds Sutherland LLP.

  • A Teachable Moment On Adequate Disclosures

    Marc Casarino

    Full and accurate disclosure of information by a corporation to its stockholders is a basic component of obtaining consent to mergers and other fundamental transactions. But the Delaware Supreme Court's decision in Morrison v. Berry is a stark reminder that implementing adequate disclosures is easier said than done, say Marc Casarino and Lori Smith of White and Williams LLP.

  • Interview Essentials For Attorneys On The Move

    Eileen Decker

    Across the country this fall, recent law school graduates, law firm associates and experienced professionals will interview for positions in private practice and government service. Sharing tips on how to stand out in this high-pressure, hypercompetitive process are Eileen Decker, former U.S. attorney for the Central District of California, and Keith Jacoby, co-chairman of Littler Mendelson PC’s class action practice group.

  • Roundup

    Clerking For Ginsburg

    Clerking For Ginsburg

    Justice Ruth Bader Ginsburg joined the U.S. Supreme Court 25 years ago and is not planning to retire anytime soon — she has hired clerks through 2020. What's it like to assist Justice Ginsburg? In this series, former clerks reflect on the experience.