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Private Equity
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February 13, 2026
Reed Smith Nabs Ex-WilmerHale Capital Markets Pro
Reed Smith LLP has hired a former WilmerHale attorney who specializes in corporate and securities matters as a global corporate group partner in Denver for the firm's business and finance department.
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February 13, 2026
How Cooley Steered The Boston Celtics' Multistep $6.1B+ Sale
More than two decades after an investment group led by the Grousbeck family acquired the Boston Celtics for $360 million, the family focused on stewardship as much as economics as they sought a buyer worthy of the storied franchise. In an interview with Law360, David Silverman, a Cooley LLP mergers and acquisitions partner who was part of the team representing the family, described how those goals were achieved through a multistep transaction that commanded a valuation of up to $7.3 billion.
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February 13, 2026
Australian Coal Miner Readies US Listing Via SPAC Merger
Special purpose acquisition company Aura FAT Projects Acquisition Corp., advised by The Loev Law Firm PC, has entered into a binding letter of intent to merge with Australian coal miner Dalmore Holdings Pty Ltd., led by Duane Morris LLP, in a deal that would result in the combined company being publicly traded in the U.S.
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February 13, 2026
Fintech Clear Street Delays US IPO After Downsizing Offering
Cloud-based financial services provider Clear Street has postponed its initial public offering due to market conditions, a move that comes just a day after the company significantly reduced its planned offering size.
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February 13, 2026
Taxation With Representation: Homburger, Lenz & Staehelin
In this week's Taxation With Representation, offshore drilling contractor Transocean Ltd. acquires rival Valaris Ltd., historic British fund manager Schroders agrees to a cash takeover by U.S. asset manager Nuveen, and a consortium that includes U.S. private equity firm Advent International LP and FedEx Corp. buy Polish parcel locker company InPost.
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February 12, 2026
Colo. Appeals Panel Backs Ex-Director's $3.36M Jury Award
A Colorado appellate court panel affirmed on Thursday a $3.36 million jury verdict in favor of a natural gas marketing company ex-trading director, but denied him the $10 million in statutory penalties he sought, saying an earlier version of the Colorado Wage Claim Act applied.
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February 12, 2026
FTC Merger Filing Overhaul Thrown Out
The Federal Trade Commission hasn't shown the costs on merging companies outweigh the claimed benefits of dramatically increasing the amount of information that must be provided upfront when giving notice of a transaction, a Texas federal judge said Thursday, throwing out the commission's overhaul of premerger reporting requirements.
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February 12, 2026
Simpson Thacher, Davis Polk Steer SoftBank-Backed IPO
SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp., represented by Simpson Thacher & Bartlett LLP, on Thursday filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering, the underwriters of which are represented by Davis Polk & Wardwell LLP.
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February 12, 2026
SEC's Atkins Rejects Top Dem's Crypto Corruption Claims
U.S. Securities and Exchange Commission Chairman Paul Atkins on Thursday pushed back on claims his agency dropped against cryptocurrency firms as a political favor to President Donald Trump, telling Senate Democrats a "changed attitude" by the commission led to the dismissals.
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February 12, 2026
Top SEC Enforcer Sees Fewer Cases Over Common Violations
The U.S. Securities and Exchange Commission's enforcement chief says she is confident that many violations of federal securities laws concerning requirements for reporting, recordkeeping and internal accounting should not result in agency enforcement actions.
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February 12, 2026
Union Capital Clinches $450M 4th Fund
Kirkland & Ellis LLP-advised Union Capital Associates on Thursday revealed that it wrapped fundraising for its fourth fund after securing $450 million from investors.
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February 12, 2026
Elliott Takes Stake In Stock Exchange Group, More Rumors
Activist investor Elliott Management has taken a sizable stake in the London Stock Exchange Group as it faces underperformance, payments company giant Stripe is planning a tender offer that could value it at $140 billion, and private equity firm Hellman & Friedman is looking to buy payments firm Bill Holdings.
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February 12, 2026
4 Firms Guide Blackstone, EQT's $6.6B Spanish Recycler Deal
Blackstone and EQT AB said Thursday that they will buy Spanish recycling company Urbaser from Platinum Equity LLC for $6.6 billion as they seek to cash in on the growing industrial waste management sector.
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February 12, 2026
Deutsche Börse To Buy PE Firm's Data Biz Stake For €1.1B
Deutsche Börse Group said it has agreed to buy the remaining 20% minority stake held by global private equity firm General Atlantic in Iss Stoxx, which provides data, analytics and indexes, for €1.1 billion ($1.3 billion).
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February 11, 2026
Del. Justices Grapple Over Truth Social Share Math
An attorney for the firm that helped launch Donald Trump's social media company told Delaware's justices Wednesday that a vice chancellor erred in requiring the venture to "prove a negative" in calculations of investor stakes in the run-up to the venture's special purpose acquisition company transaction.
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February 11, 2026
SEC's Atkins Says ESG Fund Names Rule Is Under Review
U.S. Securities and Exchange Commission Chairman Paul Atkins told Congress on Wednesday that he has directed staff to review a Biden-era rule aimed at preventing false advertising by funds marketed to eco-conscious investors, though he didn't detail what specific changes were under consideration.
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February 11, 2026
Anesthesia Group Looks To End FTC Rollup Suit
U.S. Anesthesia Partners has urged a Texas federal court to end the Federal Trade Commission's case accusing the group of buying competing practices through a so-called rollup strategy, asserting that enforcers have no evidence of any harm to competition.
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February 11, 2026
Steward Health Creditor Trust Seeks $56M From Insurers
The creditor litigation trust for the Texas Chapter 11 case of hospital operator Steward Health Care has filed adversary suits against six groups of health insurance companies, seeking payment of covered medical bills totaling more than $56 million.
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February 11, 2026
Ancora Opposes Netflix-WBD Merger, Backs Paramount Bid
Ancora Holdings Group said Wednesday it opposes Warner Bros. Discovery's planned merger with Netflix, faulting the deal's financial structure and describing its path to regulatory approval as a "Hail Mary," while supporting a competing bid from Paramount Skydance Corp.
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February 11, 2026
Paul Hastings Adds Ex-Norton Rose Investment Funds Pro
Paul Hastings LLP has added an investment funds specialist who previously worked with Norton Rose Fulbright as a partner in its Chicago office, the firm announced Wednesday.
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February 11, 2026
Financial Advisory Co. Province Acquires StoneTurn
Restructuring and financial advisory firm Province announced on Wednesday the purchase of compliance advisory firm StoneTurn, resulting in a combined company of 300 professionals operating across 19 offices on five continents.
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February 11, 2026
Sustainability Investor Raises $2.4B In Latest Fund Close
Vision Ridge Partners, a Boulder, Colorado-based investor in sustainability-focused assets, on Wednesday said it has raised $2.4 billion in its largest-ever fundraising, represented by Kirkland & Ellis LLP.
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February 11, 2026
Weil, Latham Lead Solar Project Builder's $513M IPO
Power infrastructure provider Solv Energy Inc. hit the public markets Wednesday after raising nearly $513 million in its initial public offering.
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February 11, 2026
Blue Owl Wraps $3B Strategic Equity, Secondaries Fund
Private equity shop Blue Owl Capital Inc. on Wednesday revealed that it closed its inaugural strategic equity and secondaries fund with over $3 billion of capital commitments.
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February 11, 2026
Paul Weiss, Dechert Steer QXO's $2.25B Kodiak Buy
Building products distributor QXO Inc. said Wednesday it has agreed to acquire Kodiak Building Partners from Court Square Capital Partners for approximately $2.25 billion, with Paul Weiss Rifkind Wharton & Garrison LLP advising QXO and Dechert LLP representing Kodiak.
Expert Analysis
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Series
The Law Firm Merger Diaries: How To Build On Cultural Fit
Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.
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Considerations When Invoking The Common-Interest Privilege
To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.
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Series
The Law Firm Merger Diaries: Making The Case To Combine
When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.
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Opinion
Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar
Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.
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From Bank Loans To Private Credit: Tips For Making The Shift
The relationship between private credit and syndicated bank deals will evolve as the private market continues to grow, introducing new challenges for borrowers comparing financing options, particularly pertaining to loan documentation and working capital, say attorneys at Haynes Boone.
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Rule Amendments Pave Path For A Privilege Claim 'Offensive'
Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.
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Series
My Miniature Livestock Farm Makes Me A Better Lawyer
Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.
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Litigation Funding Could Create Ethics Issues For Attorneys
A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.
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E-Discovery Quarterly: Recent Rulings On Dynamic Databases
Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.
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Why Foreign Cos. Should Prep For Increased SEC Oversight
With the recent trading suspensions of 10 foreign-based issuers listed on the Nasdaq, an enforcement action against a U.K. security-based swap dealer and the announcement of a cross-border task force, it's clear that the U.S. Securities and Exchange Commission will expand oversight on foreign companies participating in the U.S. capital markets, says Tejal Shah at Cooley.
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How Litigating Antitrust Fix Helped GTCR Prevail In Court
An Illinois federal judge's recent denial of the Federal Trade Commission's injunction request in the GTCR acquisition of Surmodics joins a developing series of cases in which deal parties have prevailed against government antitrust challenges by proposing a post-complaint fix and litigating the as-amended deal, say attorneys at Paul Weiss.
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How Nasdaq, SEC Proposals May Transform Listing Standards
Both Nasdaq and the U.S. Securities and Exchange Commission have increasingly focused their recent regulatory efforts on small and foreign issuers, particularly those from China, reflecting an intention to strengthen the overall quality of companies accessing U.S. markets, but also potentially introducing a chilling effect on certain issuers, say attorneys at Norton Rose.
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Series
Building With Lego Makes Me A Better Lawyer
Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.
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SEC Focused On Fraud As Actions Markedly Declined In 2025
The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.
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Series
Law School's Missed Lessons: Networking 101
Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.