Private Equity

  • July 10, 2019

    SoftBank Leads $231M Investment In Brazilian Fintech Lender

    SoftBank is leading a $231 million capital injection into Brazil’s Creditas, which provides secured home and auto equity loan services for the country’s emerging middle class, the companies said Wednesday.

  • July 10, 2019

    Crypto Custodian Nabs $40M In Visa, VC-Led Series B Round

    San Francisco-based digital asset custodian Anchorage on Wednesday said it had raised $40 million in a Series B funding round led by venture capital firm Blockchain Capital and Visa Inc.

  • July 10, 2019

    Al Gore's Firm Backs Fintech Startup's $220M Funding Round

    Online money transfer service Remitly said Wednesday that it raised $220 million in its latest funding round with key backing from a sustainability-focused investment firm co-founded by former Vice President Al Gore.

  • July 10, 2019

    Kirkland, Jones Day Guide $170M PE Deal For Aspen Surgical

    Chicago-based medical technology company Hillrom has agreed to sell a portfolio of surgical consumable products and related assets to an affiliate of Audax Private Equity for $170 million, the companies said Wednesday, in a deal guided by Kirkland & Ellis and Jones Day.

  • July 10, 2019

    KKR Sells Webhelp In Deal Valuing Biz Platform At €2.4B

    KKR said Wednesday it has agreed to sell a majority stake in Webhelp to Belgian holding company Groupe Bruxelles Lambert in a deal that pegs the business process outsourcing platform at an enterprise value of €2.4 billion ($2.7 billion).

  • July 9, 2019

    BioScrip Investor Wants Option Care Merger Vote Halted

    A BioScrip Inc. investor asked the Delaware Chancery Court on Tuesday for speedy consideration of his request that a shareholder vote on proposals to finalize a merger with another home infusion care provider be halted until more information is provided.

  • July 9, 2019

    Deals Rumor Mill: Generali, WPP, Bayer

    Italian insurer Generali is said to be discussing a deal to buy Tranquilidade, WPP is reportedly about to unveil a deal to sell a stake in its Kantar unit to Boston-based Bain Capital, and Bayer is said to have reached out to Elanco about merging their animal health units.

  • July 9, 2019

    Freshfields Guides Biotech Co. In $325M Funding Round

    Germany-based BioNTech, which works on personalized treatments for diseases like cancer, said Tuesday that it has finished up a $325 million funding round guided by Freshfields, calling it one of the biggest single rounds for a European biotechnology company ever recorded.

  • July 9, 2019

    Can Data Solve BigLaw’s Diversity Problems?

    Even the most well-intentioned law firms can struggle to build and retain diverse teams. Those at the cutting edge are finding the answers could lie in their own internal data.

  • July 9, 2019

    12 Attorneys On How Diversity Gives Them The Edge

    Law360 asked lawyers how diverse backgrounds can be an advantage for them and their firms, and the answers poured in. Here are a dozen personal accounts of diversity at work.

  • July 9, 2019

    Loja Real Estate Snaps Up 3 Shopping Centers For $86M

    California-based Loja Real Estate said Tuesday that it has dropped a combined $86.4 million on a trio of shopping centers in Colorado, Iowa and Washington since the end of December.

  • July 9, 2019

    Ex-CCO Says She Was Fired For Blowing Whistle On Boss

    A former chief compliance officer with the broker-dealer National Securities Corporation said the company CEO fired her after she uncovered and reported his insider trading, according to a suit filed Monday in New York federal court.

  • July 9, 2019

    Streaming Co. Leads 4 IPO Launches Set To Raise Over $1.8B

    Four companies, led by a venture-backed Chinese streaming company's estimated $859 million offering, set price ranges on Tuesday for initial public offerings that could raise more than $1.8 billion combined, adding to a packed lineup of deals scheduled to price next week.

  • July 9, 2019

    Stearns Files Ch. 11 To Cut $183M In Secured Debt

    Stearns Holdings LLC filed for Chapter 11 on Tuesday in New York bankruptcy court, with a plan that calls for majority owner Blackstone to inject $60 million in cash into the residential mortgage lender so it can pay off a chunk of its $183 million in secured debt.

  • July 9, 2019

    Bernstein, Friedlander Seek Leadership In $1.9B Merger Fight

    A battle for lead counsel may be brewing in Delaware Chancery Court among investors who filed suits against software provider Mindbody Inc. in connection with its $1.9 billion take-private sale to Vista Equity Partners earlier this year, which they contend undervalued the company.

  • July 9, 2019

    DC Investment Firm Nabs $833M For Real Estate Debt Fund

    Invictus Capital Partners LP, a Washington, D.C.-based investment management firm focused on real estate debt and other loan types, on Tuesday said it has collected $833 million for its second residential mortgage private credit fund.

  • July 9, 2019

    Great Hill Taps Latham For Counsel On $2.5B PE Fund

    Great Hill Partners, with assistance from Latham & Watkins, has wrapped up its latest private equity fund after raking in $2.5 billion from limited partners, the Boston-based middle market PE shop said Tuesday.

  • July 9, 2019

    PE Firm Prospect Hill Closes 2nd Fund At $380M

    Boston-based private equity investor Prospect Hill Partners, recently rebranded from J.W. Childs Associates LP, has closed its second iteration of its fund on Tuesday with $380 million, $80 million ahead of its reported target.

  • July 9, 2019

    Paul Weiss Picks Up Private Equity Pro From Kirkland

    Paul Weiss has picked up private equity lawyer Sarah Stasny as a partner in its corporate department, where she will be a member of the mergers and acquisitions and private equity groups, the firm said recently.

  • July 8, 2019

    How The Legal Pipeline Is Failing Black Attorneys

    Despite decades of programming and well-meaning talk about increasing diversity, African Americans still make up a lower percentage of law firm lawyers than both Latinos and Asian Americans. Here's what some attorneys are doing about it.

  • July 8, 2019

    2nd Circ. Backs Toss Of Brazilian Financier's Citibank Suit

    A Second Circuit panel declined Monday to revive a lawsuit alleging Citibank helped cook up a bogus criminal case in Brazil against financier Daniel Valente Dantas as part of an effort to force his Opportunity investment businesses to release billions of dollars in claims against the bank in 2008.

  • July 8, 2019

    Atlas Swallows TreeHouse Foods' Snacks Biz In $90M Deal

    TreeHouse Foods Inc. said Monday that it has agreed to sell its snacks business to private investment firm Atlas Holdings LLC for roughly $90 million, in a deal TreeHouse Foods says will help it pay down debt.

  • July 8, 2019

    In Their Own Words: 9 Partners On Diversity At Work

    We asked nine law firm partners with diverse backgrounds about times when their race, religion or identity unexpectedly came into play with their work. Here, in front of the camera, they share those stories.

  • July 8, 2019

    The Best Firms For Minority Equity Partners

    Attorneys of color are still hugely underrepresented in firms’ upper echelons, but Law360’s 2019 Diversity Snapshot shows that some are going above and beyond to put partners of color in their top ranks.

  • July 8, 2019

    3 Health Care-Focused Cos. Launch IPOs Totaling $277M

    Three health care-related companies, including a venture capital-backed software provider and two biotechnology firms, set price ranges Monday for initial public offerings that could raise $277 million combined, setting up the IPO market for a recharge after a brief holiday pause.

Expert Analysis

  • Q&A

    A Chat With Ballard Spahr Diversity Chief Virginia Essandoh

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    In the final installment of this monthly series, legal recruiting expert Carlos Pauling from Major Lindsey & Africa talks with Virginia Essandoh about the trends and challenges she sees as chief diversity officer at Ballard Spahr.

  • Series

    Judging A Book: McMahon On 'Roosevelt For The Defense'

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    In "Theodore Roosevelt for the Defense," authors Dan Abrams and David Fisher meticulously chronicle the forgotten high-profile 1915 libel trial of Teddy Roosevelt, capturing the interesting legal customs of an era before things like notice pleading and pretrial discovery, says Chief U.S. District Judge Colleen McMahon of the Southern District of New York.

  • 4 State Responses To Opportunity Zones

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    State legislatures across the country are responding to the federal opportunity zone provisions in a variety of ways that could provide significant state tax benefits for businesses that act quickly, say attorneys at Eversheds Sutherland.

  • Confusion In SEC Conduct Standard For Investment Advisers

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    The U.S. Securities and Exchange Commission's recent explanation of investment advisers' fiduciary duties to clients may have merely clarified what has always been the position of the SEC, but critical ambiguities remain, say Richard Marshall and David Dickstein at Katten Muchin.

  • Financial Services Regulation For Fintech Companies: Part 2

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    In the second part of this series on regulatory challenges faced by fintech innovators, Nathan Greene and Justin Reda of Shearman & Sterling caution entrepreneurs in the financial space to be aware of when their products could be categorized as securities, and of the many regulatory obligations that can arise as a result.

  • 5 Ways Law Firms Can Improve Their Job Interviews

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    When evaluating potential new hires, law firms should utilize structured interviews in order to create a consistent rating system that accurately and effectively assesses candidates' skills and competencies, says Jennifer Henderson of Major Lindsey.

  • Financial Services Regulation For Fintech Companies: Part 1

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    Firms in the U.S. financial sector are surrounded by a virtual moat of complex regulations, mandatory disclosures and compliance infrastructure. Nathan Greene and Justin Reda of Shearman & Sterling offer an overview of the regulatory context — and some of the crocodiles lurking in that moat — for fintech entrepreneurs entering the sector.

  • An In-Depth Guide To Latest Opportunity Zone Regs: Part 2

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    The final part of this deep dive into proposed opportunity zone regulations focuses on fund compliance requirements and new rules with respect to leases, opportunity zone businesses and real estate, says Marc Schulz of Snell & Wilmer.

  • An In-Depth Guide To Latest Opportunity Zone Regs: Part 1

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    In the second tranche of opportunity zone proposed regulations, the IRS provides extremely flexible guidance that may be enough to induce investors to start investing all of the capital sitting on the sidelines into qualified opportunity funds, says Marc Schulz of Snell & Wilmer.

  • Series

    Why I Became A Lawyer: A Fateful Phone Call

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    When I was growing up, my mother was always the more mild-mannered parent. But during a trans-Atlantic phone call in 1991, when I told her I wanted to go to culinary school instead of law school, she started yelling — at a volume I had never heard from her, says Jason Brookner of Gray Reed.

  • Law Firms Can Do Better With Their Mentoring Programs

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    There are a few practical, proactive steps law firms can take to create a mentoring program that pays dividends — instead of creating a mediocre program that both parties see as an obligation, says Kate Sheikh of Major Lindsey & Africa.

  • 'Rocket Docket' Justifies Its Name For 11th Straight Year

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    The U.S. District Court for the Eastern District of Virginia “rocket docket” is still the fastest federal civil trial court in the country despite some recent trends causing its median time to trial to grow to 13.2 months, says Robert Tata of Hunton.

  • Managing ESG Consultants In Private Equity Transactions

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    Integration of environmental, social and governance factors is becoming mainstream in private equity investment. Jennie Morawetz at Kirkland provides a framework for legal counsel tasked with integrating an outside-consultant led ESG due diligence process into a client's other due diligence work streams.

  • What Securities Pros Need To Know About SEC Data Analytics

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    The U.S. Securities and Exchange Commission’s data analytics efforts have been repeatedly cited in SEC press releases announcing successful investigations and cases. Understanding the commission's work in this area is essential for compliance professionals at investment advisers and broker-dealers, say Charles Riely and Danielle Muniz of Jenner & Block.

  • 5 Key Issues In Acquiring Transportation Infrastructure Assets

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    There is a growing trend of governmental agencies contracting and leasing viable operating transportation infrastructure assets. Such opportunities for the private sector may exist in connection with any contemplated upgrade, extension or other modification of an asset that a governmental entity needs to finance, say José Morán and Juan Gonzalez of Baker McKenzie. 

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