Private Equity

  • February 23, 2017

    DLA Piper Adds Corporate M&A Partner From Mayer Brown

    DLA Piper announced Wednesday that its New York office has nabbed a corporate partner specializing in mergers and acquisitions from Mayer Brown.

  • February 23, 2017

    Infoblox Investors Seek Stock Appraisal After $1.6B Deal

    Shareholders of computer networking firm Infoblox Inc. filed a petition in Delaware Chancery Court on Thursday seeking an appraisal of their stock in the company following its November buyout by private equity firm Vista Equity Partners for $1.6 billion.

  • February 23, 2017

    Tilton, Patriarch Fail To Shake $45M Fraud Suit

    A New York state appeals court on Thursday affirmed a decision that left a fraud claim by a German bank in play against Lynn Tilton and her investment firm Patriarch Partners LLC, saying early signs that the funds in question were not what they appeared didn’t start the clock on the statute of limitations.

  • February 23, 2017

    Real Estate Rumors: Blackstone, Lexington, Pace Editions

    A Blackstone venture has reportedly sold a New York building for $52 million, Lexington Realty is said to have bought an Illinois cold storage facility for nearly $53 million and fine art publisher Pace Editions is said to be staying put in its 33,250 square feet in New York.

  • February 23, 2017

    Deals Rumor Mill: Siemens, Allfunds Bank, Siam Commercial

    Siemens' $4.5 billion acquisition of Mentor Graphics will be approved by the European Commission without concessions; numerous suitors are vying to buy Allfunds Bank, worth nearly €2 billion; and Siam Commercial Bank hopes to receive at least $3 billion through the sale of its life insurance business.

  • February 23, 2017

    Carter's Pays $140M To Acquire PE-Backed Skip Hop

    Carter’s Inc. has agreed to buy Skip Hop Inc. from consumer-focused private equity firm Fireman Capital Partners in a deal worth about $140 million, the companies said on Thursday, adding to Carter’s portfolio a maker of branded products and accessories for both parents and young children.

  • February 23, 2017

    EQT Quickly Collects $4.23B For 3rd Infrastructure Fund

    Sweden-based EQT Partners AB has closed its third infrastructure-focused fund after bringing in €4 billion ($4.23 billion) in less than six months, the firm said on Thursday, marking the fastest fundraise in EQT’s more than two decades in business.

  • February 23, 2017

    Jones Day, Dechert Steer StepStone Real Estate's $700M Fund

    Jones Day represented StepStone Real Estate in connection with the close of its $700 million fund and Dechert LLP provided Luxembourg counsel, according to an announcement on Wednesday from the real estate and private equity shop.

  • February 23, 2017

    Carlyle Clinches $2.5B Distressed, Special Situations Fund

    The Carlyle Group said Thursday that it has clinched its fourth distressed and special situations fund at about $2.5 billion, with plans to invest in the debt and equity of struggling companies in the U.S., Europe and Asia.

  • February 22, 2017

    Latham Scores Skadden, Paul Hastings Trial Partners In LA

    Latham & Watkins LLP is bolstering its litigation team in the Los Angeles area, adding a pair of trial lawyers from Skadden Arps Slate Meagher & Flom LLP and Paul Hastings LLP with experience in securities disputes and other high-stakes trials for diverse clients including private equity firms, financial institutions and public companies and their executives, the firm said Wednesday.

  • February 22, 2017

    Sycamore Unit Wins Ch. 11 Auction For The Limited IP

    Recently defunct women's clothing retailer The Limited Stores Co. LLC told the Delaware bankruptcy court late Tuesday that a unit of private equity firm Sycamore Partners, which was the stalking horse that set the bidding floor, won a competitive auction for its intellectual property and e-commerce business line.

  • February 22, 2017

    Post Oak Leads $200M Investment Into Midland Oil Biz

    Post Oak Energy Capital LP is leading a $200 million equity commitment to oil and gas company Moriah Henry Partners LLC to fund developments in the core of the Midland Basin, in West Texas, the companies said Tuesday.

  • February 22, 2017

    Baker Botts Snags 9 Partners From Norton Rose Fulbright

    Baker Botts LLP has hired nine partners experienced in tax, private equity, energy and mergers and acquisitions from Norton Rose Fulbright to join its Houston, Texas, office, including the leaders of several of its transactional and tax practices.

  • February 22, 2017

    Deals Rumor Mill: Arris, Dick Clark Productions, Aramco

    Arris will buy a networking equipment business from Brocade Communications for around $1 billion, Dalian Wanda's $1 billion acquisition of Dick Clark Productions has hit a snag due to the Chinese government's desire to limit outgoing capital and Aramco is nearing the acquisition of a Turkish fuel stations business.

  • February 22, 2017

    PE Giant Carlyle Eyes Butterfield Exit In Post-IPO Sale

    Private-equity giant Carlyle Group plans to exit its stake in Bank of N.T. Butterfield & Son, five months after the Bermuda-based bank completed a $288 million initial public offering, through a secondary offering filed Tuesday that calls for selling up to 11 million Butterfield shares.

  • February 22, 2017

    Davis Polk-Comcast Call May Have Sparked DreamWorks Deal

    A Davis Polk & Wardwell LLP attorney's phone call to a Comcast executive about the potential representation of a financial adviser in a business transaction may have spawned the cable giant’s $3.8 billion deal for DreamWorks, according to documents from an insider trading suit against a Hong Kong investor.

  • February 22, 2017

    PE-Backed Cos., SPAC Merge In $2.8B Creation Of Exela Tech

    Private equity-backed firms SourceHOV and Novitex and special purpose acquisition company Quinpario will join forces in a $2.8 billion merger to create Exela Technologies, in a bid to find a stronger presence in the financial technology and business services industries, according to a Tuesday announcement.

  • February 21, 2017

    EveryWare Beats Shareholder Suit At 6th Circ.

    The Sixth Circuit on Tuesday affirmed an Ohio judge’s decision dismissing a proposed shareholder suit over an alleged “pump-and-dump” scheme supposedly run by a group of private equity funds and executives of bankrupt EveryWare Global, agreeing the investors couldn’t show the executives had acted intentionally.

  • February 21, 2017

    Deals Rumor Mill: Aramco, Toshiba, Sinochem

    At least six banks have made proposals to be selected as an adviser on Aramco's potential $100 billion IPO, Toshiba hopes to bring in at least $8.8 billion through the sale of most of its flash memory business and Sinochem may sell its stake in a Brazilian offshore oilfield.

  • February 21, 2017

    Wilson Sonsini Nabs Munger Tolles' Corporate Partner

    Wilson Sonsini Goodrich & Rosati PC has hired a Munger Tolles & Olson LLP partner to its corporate and securities practice in Los Angeles who has assisted in billion-dollar mergers and acquisitions, the firm said on Tuesday.

Expert Analysis

  • What Lawyers Can Learn From Kellyanne Conway

    Michelle Samuels

    Presidential adviser Kellyanne Conway's TV appearances provide some examples of what lawyers should and shouldn't do when speaking to the media, says Michelle Samuels, a vice president of public relations at Jaffe.

  • How The Common Reporting Standard Compares To FATCA

    Excerpt from Lexis Practice Advisor
    Olivier De Moor

    U.S. private equity fund managers should consider whether potential Common Reporting Standard compliance requirements are triggered when utilizing non-U.S. vehicles. Funds that seek to comply with the CRS regime should be able to find synergies within their existing procedures that are designed to be compliant with the Foreign Account Tax Compliance Act, says Olivier De Moor of Akin Gump Strauss Hauer & Feld LLP.

  • The Mistakes Lawyers Make When Copying And Pasting

    Robert D. Lang

    We all recognize that cutting or copying text from earlier works and pasting it into new documents saves attorneys time. However, with this increase in speed comes an increased risk of making, or not catching, errors, says Robert Lang of D’Amato & Lynch LLP.

  • Opinion

    Calif. Court Gets Automatic Funding Disclosure Right

    Matthew D. Harrison

    Detractors of litigation funding have strained to characterize a recent decision from a California federal court as significant headway in their crusade against the litigation funding industry. However, in truth, this is a victory for both the industry and those in need of capital to bring meritorious claims against wrongdoers in an often prohibitively expensive legal system, say Matthew Harrison and Priya G. Pai of Bentham IMF.

  • Data Dexterity: The New Moat Of The Information Economy

    Brian H. Lam

    Over the past year, companies have used data-based competitive advantage, or “moats,” to drive astronomic acquisition prices. In this article, Brian Lam of Mintz Levin Cohn Ferris Glovsky and Popeo PC introduces the concept of “data dexterity” as the actual creator of data-based moats and analyzes the data interactions of LinkedIn, Dollar Shave Club and AppDynamics to illustrate how data dexterity exists in practice.

  • Health Care Deal Predictions From '17 JP Morgan Conference

    Amber McGraw Walsh

    Not surprisingly, many different views emerged at this year's J.P. Morgan Healthcare Conference on the future state of the Affordable Care Act and what it would mean for investors. After a long and seemingly endless cycle of election analysis, we’re happy to report some deal trends and predictions of our own, say attorneys with McGuireWoods LLP.

  • A Snapshot Of M&A Activity In January

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    2017 got off to a mixed start in terms of M&A activity, with the global market generally down and the U.S. market generally up. In this video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP discusses three trends related to U.S. public company mergers and other recent changes in U.S., global and sponsor-related M&A activity.

  • In Retrospect

    Relearning The Lessons Of Korematsu's Case

    Randy Maniloff

    Fred Korematsu’s U.S. Supreme Court case challenging President Franklin Roosevelt’s executive order that led to the incarceration of approximately 120,000 people of Japanese ancestry may sound like ancient history. However, Feb. 19 marks the 75th anniversary of the order's signing, and that it’s celebrating its diamond anniversary now is breathtaking timing, says Randy Maniloff of White and Williams LLP.

  • How A General Counsel Should Think About AI: Part 2

    Bruce J. Heiman

    General counsels face the challenging task of understanding how companies can navigate the rules surrounding uses of artificial intelligence. To get smart on AI, general counsels must ask the right questions about areas such as human resources, intellectual property, liability and insurance, say Bruce Heiman and Elana Reman of K&L Gates LLP.

  • How A General Counsel Should Think About AI: Part 1

    Bruce J. Heiman

    Though the Trump administration has yet to make an official statement regarding artificial intelligence, support for AI is consistent with its expressed desire to promote American business. As such, general counsel will inevitably have to navigate what big data and AI mean for compliance with current and future laws and regulations, say Bruce Heiman and Elana Reman of K&L Gates LLP.