Private Equity

  • January 31, 2024

    Media Mogul Byron Allen Bids $30B On Paramount Global

    Media entrepreneur Byron Allen has placed a $30 billion bid to buy Paramount Global, his company confirmed in an email Wednesday, calling it the "best solution" for shareholders as a bidding war for the debt-laden entertainment conglomerate continues to unfold.

  • January 31, 2024

    Monthly Merger Review Snapshot

    Amazon abandoned its $1.7 billion iRobot deal under pressure from Europe, as federal agencies in the U.S. blocked JetBlue's planned $3.8 billion merger with Spirit and saw a healthcare advertising deal collapse. Enforcers in Washington state, meanwhile, sued to block Kroger's $24.6 billion bid for supermarket rival Albertsons.

  • January 31, 2024

    Haynes Boone Adds Reed Smith's Real Estate Chair In NY

    Haynes and Boone LLP has hired the former chair of Reed Smith LLP's real estate practice group, the firm announced on Wednesday, touting the more than $200 billion in transactions for banking and private equity clients the New York attorney has under his belt.

  • January 31, 2024

    Latham-Led TJC Wraps $6.85B Resolute Fund VI

    Private equity firm TJC, formerly known as The Jordan Co., said Wednesday that it closed its Resolute Fund VI with $6.85 billion in commitments, above its hard cap of $6 billion, advised by Latham & Watkins LLP.

  • January 31, 2024

    Don't Miss It: Wachtell, Akin Lead Month's Hot Deals

    A lot can happen in the world of mergers and acquisitions over the course of a month, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Wachtell Lipton Rosen & Katz and Akin Gump Strauss Hauer & Feld LLP.

  • January 31, 2024

    PGA Tour Gains US Partners As Saudi Talks Drag On

    The PGA Tour has partnered with a group of investors that includes several owners of U.S. pro sports franchises in a deal worth up to $3 billion, an agreement reached while negotiations continue to complete its proposed merger with the Saudi-based investment fund that owns rival LIV Golf.

  • January 30, 2024

    SEC Will Not Rethink 'Gag Rule' On Settlements

    The U.S. Securities and Exchange Commission will not rethink its longstanding policy prohibiting defendants from publicly denying the agency's accusations against them, saying Tuesday that revoking the so-called gag rule would undermine public confidence in the markets by allowing alleged wrongdoers to publicly cast doubt on the commission's actions.

  • January 30, 2024

    Willkie Energy Leader Rejoins McGuireWoods In Houston

    McGuireWoods LLP has rehired the former managing partner of its Houston office, who returns to the firm after most recently serving as co-chair of Willkie Farr & Gallagher LLP's power and renewable energy practice, the firm announced Tuesday.

  • January 30, 2024

    PPM's Private Equity Arm Clinches $660M Co-Investment Fund

    PPM America Capital Partners, advised by Proskauer Rose LLP, on Tuesday announced that it closed its eighth co-investment fund after securing $660 million in commitments, making the fund the firm's largest to date.

  • January 30, 2024

    Latham-Led Amphenol Buying Carlisle Wiring Biz For $2B

    Latham & Watkins is representing Amphenol Corp. on a new agreement to purchase the high-performance wire and cable business of Kirkland & Ellis-guided Carlisle Companies Inc. for $2.05 billion in cash, the companies said Tuesday. 

  • January 30, 2024

    Morrisons Selling 340 Petrol Station Forecourts In £2.5B Deal

    Supermarket chain Morrisons said Tuesday that it will sell almost 340 petrol station forecourts and 400 electric vehicle charging points in Britain to an independent forecourt operator in a £2.5 billion ($3.2 billion) deal advised on by Pinsent Masons.

  • January 29, 2024

    2 Firms Steer Flutter's Bid For Additional US Listing

    Shares of sports-betting company Flutter began trading Monday on the New York Stock Exchange following a secondary listing steered by Simpson Thacher & Bartlett LLP and Freshfields Bruckhaus Deringer LLP that could mark Flutter's first step toward moving its primary venue from London to New York.

  • January 29, 2024

    Comscore Investor Eyes Board Seat Without Proxy Fight

    An activist shareholder of Comscore announced Monday it will nominate a former advertising technology executive to the audience measurement company's board of directors, and underscored that while the investor aims to avoid a proxy battle after the previous board chair stepped down, the business must still improve.

  • January 29, 2024

    2 Biotech Firms Join IPO Fray With Plans To Raise $211M

    Two drug developers, metabolism-focused Fractyl Health Inc. and psychiatry-focused Alto NeuroScience Inc., joined a growing pipeline of initial public offerings Monday by unveiling plans for IPOs that could net $211 million combined, guided by three law firms.

  • January 29, 2024

    Catching Up With Delaware's Chancery Court

    A transportation services company and cryptocurrency fund both exited litigation, a grill maker and EV-charging company fired up new cases, and biotechs bandaged old wounds while judges fast-tracked a musical power struggle and unwound a REIT deal. All told, a typical week for Delaware's court of equity.

  • January 29, 2024

    Feds Want 10-Year Sentence For $110M Ponzi Operator

    Federal prosecutors want a Georgia fund manager to spend more than a decade in prison for directing a $110 million Ponzi scheme they claim inflicted massive financial losses and suffering on hundreds of investors, a harsh sentence the financier said overstates his culpability in the fraud.

  • January 29, 2024

    KSL Closes $3B Continuation Fund To Invest In Ski Resort Biz

    Private equity shop KSL Capital Partners, advised by Simpson Thacher & Bartlett LLP and Hogan Lovells, on Monday announced that it closed its single-asset continuation vehicle after securing over $3 billion in commitments to invest in Alterra Mountain Co.

  • January 26, 2024

    Grifols Says Gotham City Intentionally Tanked Share Price

    Grifols has accused short seller Gotham City Research of issuing a report on the Spanish healthcare company that was riddled with "malicious falsehoods" aimed at sinking Grifols' share price for Gotham City's monetary gain, according to a suit filed Friday in New York federal court.

  • January 26, 2024

    SEC's Plan To Expand Dealer Definition Set For Critical Vote

    The U.S. Securities and Exchange Commission could soon adopt a rule to bring proprietary trading firms under the agency's purview as registered dealers in an effort to enhance transparency in stock and bond trading, but hedge fund managers and cryptocurrency traders will be waiting to see if they get swept up in the requirements, too.

  • January 26, 2024

    Casino To End Del. SPAC Suit Despite Hedge Fund Butting In

    A New York hedge fund that helped draft a failed $2.6 billion deal to take a casino in the Philippines public by merging with a special-purpose acquisition company is now trying to intervene in the company's Delaware lawsuit against the casino's operators, challenging a pending settlement that would end their Chancery Court litigation.

  • February 08, 2024

    Law360 Seeks Members For Its 2024 Editorial Boards

    Law360 is looking for avid readers of its publications to serve as members of its 2024 editorial advisory boards.

  • January 26, 2024

    UK Skiwear Co. Perfect Moment Downsizes IPO Plans

    U.K.-based luxury skiwear maker Perfect Moment Ltd. revealed Friday that it downsized its planned U.S. initial public offering, now saying it expects to sell 1.23 million shares at a price point between $6 and $7 a pop.

  • January 26, 2024

    Early-Pay App Late With Exec's Salary, Suit Alleges

    The former sales director for an app that lets employees collect their wages early says his salary was repeatedly late or not paid at all, according to a lawsuit filed Thursday in Massachusetts state court.

  • January 26, 2024

    Indian AI Startup Valued At $1B After $50M Funding Round

    Krutrim, an Indian artificial intelligence startup company, on Friday announced that it achieved unicorn status after closing its first funding round with $50 million in tow.

  • January 26, 2024

    Kirkland Guides PE Firm's $362M Buy Of Emulsifier Biz

    Ingredients maker Corbion NV said Friday that it has agreed to sell its emulsifier business to private equity firm Kingswood for $362 million in a deal guided by Stinson LLP and Kirkland & Ellis LLP.

Expert Analysis

  • Breaking Down The SEC's 2024 Examination Priorities

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    The U.S. Securities and Exchange Commission’s recently released examination priorities for the year ahead signal a steady course from prior years, but they also include some specific new concerns and important twists on perennial risk areas, say Kurt Gottschall and Kit Addleman at Haynes Boone.

  • Preparing Law Students For A New, AI-Assisted Legal World

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    As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.

  • SEC Fines Mean Cos. Should Review Anti-Whistleblower Docs

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    The Securities and Exchange Commission’s expanding focus on violations of whistleblower protection laws — as seen in recent settlements where company contracts forbade workers from reporting securities misconduct — means companies should review their employment and separation agreements for language that may discourage reporting, says Caroline Henry at Maynard Nexsen.

  • Series

    ESG Around The World: South Korea

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    Numerous ESG trends have materialized in South Korea in the past three years, with impacts ranging from greenwashing prevention and carbon neutrality measures to workplace harassment and board diversity initiatives, say Chang Wook Min and Hyun Chan Jung at Jipyong.

  • General Counsel Need Data Literacy To Keep Up With AI

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    With the rise of accessible and powerful generative artificial intelligence solutions, it is imperative for general counsel to understand the use and application of data for myriad important activities, from evaluating the e-discovery process to monitoring compliance analytics and more, says Colin Levy at Malbek.

  • Navigating Discovery Of Generative AI Information

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    As generative artificial intelligence tools become increasingly ubiquitous, companies must make sure to preserve generative AI data when there is reasonable expectation of litigation, and to include transcripts in litigation hold notices, as they may be relevant to discovery requests, say Nick Peterson and Corey Hauser at Wiley.

  • Finding Focus: Strategies For Attorneys With ADHD

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    Given the prevalence of ADHD among attorneys, it is imperative that the legal community gain a better understanding of how ADHD affects well-being, and that resources and strategies exist for attorneys with this disability to manage their symptoms and achieve success, say Casey Dixon at Dixon Life Coaching and Krista Larson at Stinson.

  • How Fla. Bankruptcy Ruling May Affect Equity Owners

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    A Florida bankruptcy court’s recent ruling in Vital Pharmaceuticals — which rejected the Third Circuit’s Majestic Star decision that determined a bankrupt corporation’s flow-through status was not protected by the automatic stay — may significantly affect how equity owners can mitigate the impact of flow-through structures in bankruptcy, say Eric Behl-Remijan and Natasha Hwangpo at Ropes & Gray.

  • How Shareholder Activists Are Targeting Insurers

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    As shareholder activists take a closer look at the insurance industry, they are pushing insurers to take value-enhancing and climate-related measures — but insurers can prepare by anticipating activist concerns, maintaining robust shareholder engagement, and considering changes in response to the universal proxy rules, say attorneys at Debevoise.

  • Unlocking Value In Carve-Out M&A Transactions

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    Some of the largest mergers and acquisitions in 2023 were carve-out transactions, and despite their unique intricacies and challenges, these transactions offer both buyers and sellers the opportunity to generate outsized returns in an otherwise vigorously competitive landscape, when carefully planned and diligently executed, say Kevin Crews and Rami Totari at Kirkland.

  • Attorneys, Law Schools Must Adapt To New Era Of Evidence

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    Technological advancements mean more direct evidence is being created than ever before, and attorneys as well as law schools must modify their methods to account for new challenges in how this evidence is collected and used to try cases, says Reuben Guttman at Guttman Buschner.

  • Why Public Cos. Should Also Comply With SEC's Names Rule

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    While the U.S. Securities and Exchange Commission's updated Names Rule specifically clarifies that funds must consider ESG factors in their investment strategies if their names so imply, public companies should also heed the message and conduct business consistent with the way they market or advertise themselves, says Spencer Feldman at Olshan Frome.

  • Series

    ESG Around The World: The UK

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    Following Brexit, the U.K. has adopted a different approach to regulating environmental, social and governance factors from the European Union — an approach that focuses on climate disclosures by U.K.-regulated entities, while steering clear of the more ambitious objectives pursued by the EU, say attorneys at Dechert.

  • Best Practices For Cos. Navigating US-China Investigations

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    Given recent enforcement trends and the broad jurisdictional reach of U.S. laws, companies with operations in China must enhance their compliance programs in order to balance new corporate enforcement expectations with Chinese data protection and privacy requirements, say attorneys at Paul Hastings.

  • Tips For Litigating Against Pro Se Parties In Complex Disputes

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    Litigating against self-represented parties in complex cases can pose unique challenges for attorneys, but for the most part, it requires the same skills that are useful in other cases — from documenting everything to understanding one’s ethical duties, says Bryan Ketroser at Alto Litigation.

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