Private Equity

  • May 11, 2026

    AI Chipmaker Cerebras Upsizes IPO Target Range To $4.7B

    Artificial intelligence computing company Cerebras on Monday raised the proposed deal size for its upcoming initial public offering, jumping from a planned roughly $3.4 billion to an approximate $4.7 billion.

  • May 11, 2026

    Cowboy Space Hits $2B Valuation After $275M Funding Round

    Orbital infrastructure company Cowboy Space Corp., led by Fenwick & West LLP, on Monday announced that its valuation soared to $2 billion after it closed its most recent funding round with $275 million in tow.

  • May 11, 2026

    Trading Scheme Is A 'Wake-Up Call' For BigLaw Compliance

    The breadth of a decade-long insider trading scheme prosecutors say was fueled by stolen BigLaw merger information should jolt firms to reexamine their practices to close gaps in internal security, experts told Law360, even if totally eliminating bad actors is nearly impossible.

  • May 11, 2026

    OpenAI Launches New Venture With $4B Initial Investment

    Artificial intelligence giant OpenAI on Monday announced plans to form a new company meant to increase adoption of its software across enterprises, which will launch with $4 billion of private equity investments, as well as the acquisition of an artificial intelligence consulting firm, Tomoro.

  • May 11, 2026

    Bain-Linked Unit Accuses Sellers Of Secret Deals In TM Suit

    A Bain Capital portfolio company that manufactures hand and power tools has accused its distributors of making backdoor deals with unauthorized resellers to peddle trademarked products on online marketplaces such as Amazon without approval.

  • May 11, 2026

    Blackstone, Halliburton Plug $1B In Energy Startup VoltaGrid

    Behind-the-meter power generation company VoltaGrid said Monday that it plans to acquire a supplier and expand its offerings for data centers, microgrids and industrial uses with a $1 billion investment from Blackstone and Haliburton Co., advised by Kirkland & Ellis LLP, Sidley Austin LLP, Simpson Thacher & Bartlett LLP and Mogan Daniels Slager LLP.

  • May 11, 2026

    Apollo Agrees To Buy Events Businesses Emerald, Questex

    Sidley Austin LLP-advised Apollo said Monday it has agreed to acquire trade show operators Emerald Holding and Questex, with plans to combine the companies into a leading North American events and media platform.

  • May 11, 2026

    Weil Steers Blackstone On E-Commerce Buy From CVC

    Blackstone said Monday that it has agreed to acquire a major stake in Greek e-commerce platform Skroutz from CVC Capital Partners to expand its presence in southern Europe and add another digital marketplace stake to its portfolio.

  • May 08, 2026

    Telecom Tower Owners Found In Contempt Over Sale Defiance

    A New York federal judge said he is tired of his orders being ignored after years of overseeing a fight over a corporate coup, and has ruled to hold the majority shareholders of a telecommunications infrastructure firm "and the person who controls them" in contempt of court.

  • May 08, 2026

    Ex-CEO To Pay SEC $1.6M Over Cannabis Biz Fraud Claims

    A California businessman accused of running a Ponzi-like scheme with money clients gave him to invest in the cannabis industry will pay $1.6 million to end the U.S. Securities and Exchange Commission's enforcement action, according to a recently entered judgment.

  • May 08, 2026

    2 Firms Advise On OnlyFans Stake Sale At $3.15B Valuation

    OnlyFans owner Fenix International Ltd. said Friday it has agreed to sell a minority stake to investment firm Architect Capital in a deal valuing the company at $3.15 billion, with the transaction aimed at expanding the platform's financial services and creator tools.

  • May 08, 2026

    Ex-Wachtell Lipton Atty Tied To Stolen BigLaw Info Trades

    A former Wachtell Lipton Rosen & Katz attorney who later worked for investment bank LionTree LLC is an unindicted co-conspirator in a sweeping alleged insider trading scheme that involved stolen information from several prominent law firms, according to a review of publicly available information.

  • May 08, 2026

    Covington, Cooley Lead Drugmaker Odyssey's $279M IPO

    Venture-backed biotechnology firm Odyssey Therapeutics began trading publicly Friday after raising $279 million in its initial public offering, making it the latest biotech to hit the public markets over the last few weeks.

  • May 08, 2026

    Don't Miss It: Paul Hastings, V&E Steer Latest Hot Deals

    A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple weeks, and it's difficult to keep up with all the deals.

  • May 08, 2026

    Taxation With Representation: Corrs, Kirkland, Linklaters

    In this week's Taxation With Representation, gold companies Regis Resources and Vault Minerals combine, Long Lake Management acquires American Express Global Business Travel and Vodafone buys out CK Hutchison Holdings to become the sole owner of their telecommunications joint venture.

  • May 08, 2026

    DOL Benefits Chief Warns Of 'Bad Faith' Focus On ESG, DEI

    The top official for the U.S. Department of Labor's employee benefits subagency said at a trade association conference Friday that agency investigations will focus on benefit plan managers' loyalty conflicts, including disloyal pursuits of socially conscious investing or diversity goals.

  • May 08, 2026

    Mattel Investor Urges Sale To PE, Toy Makers Or Media Cos.

    A longtime shareholder of toy and entertainment company Mattel says the company would be better positioned for long-term growth under new ownership, including by private equity firms, rivals such as Hasbro, or major media companies.

  • May 08, 2026

    Slaughter And May-Led Intertek Rejects EQT's Higher £9B Bid

    Intertek Group PLC has rejected a third takeover proposal from a subsidiary of Swedish private equity firm EQT AB, saying on Friday that the latest offer continues to undervalue the British laboratory testing company and still carries too much risk.

  • May 07, 2026

    OpenAI CEO Altman Fueled 'Toxic Culture Of Lying,' Jury Told

    California federal jurors weighing Elon Musk's challenge to OpenAI's for-profit conversion on Thursday watched prerecorded testimony from a former OpenAI board member who voted to oust CEO Sam Altman in 2023 over concerns his pattern of lies and deception fostered a "toxic culture of lying."  

  • May 07, 2026

    Kalshi Nets $1B Fundraise, Reaches $22B Valuation

    Kalshi, guided by Cooley LLP, announced Thursday that it raised $1 billion for its Series F fundraising round as it reached a $22 billion valuation.

  • May 07, 2026

    Insurer Needn't Cover Real Estate Co.'s $330K Arbitration Bill

    An insurer is not on the hook for more than $330,000 in defense costs that a commercial real estate company and its manager incurred in arbitration with investors, a Washington federal court ruled Thursday, saying the company failed to show that the costs arose from covered fiduciary duty claims.

  • May 07, 2026

    Conn. Investment Firm Settles $70M Client Poach Suit

    Connecticut investment firm TJT Capital Group LLC and its one-time chief compliance officer have settled a lawsuit accusing the former executive of taking 125 clients with $70 million in assets under management when he left for a new job, federal court records show.

  • May 07, 2026

    Cooley Leads Space Analytics Firm HawkEye 360's $416M IPO

    Space-based radio signals company HawkEye 360 began trading publicly on Thursday after raising $416 million in its initial public offering led by Cooley LLP and Davis Polk & Wardwell LLP.

  • May 07, 2026

    Broadfield Adds Corporate Partners From Sidley, Cooley In NY

    Broadfield announced Thursday that two former BigLaw attorneys have joined the firm as partners in its U.S. corporate practice in New York.

  • May 07, 2026

    Simpson Thacher Guides $1.3B Cold Storage Joint Venture

    Americold Realty Trust and EQT, advised by Simpson Thacher & Bartlett LLP, are forming a $1.3 billion joint venture to operate and potentially build upon a portfolio of 12 cold storage properties in the U.S., the companies said.

Expert Analysis

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

  • Series

    Isshin-Ryu Karate Makes Me A Better Lawyer

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    My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.

  • Opinion

    State Bars Need To Get Specific About AI Confidentiality

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    Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.

  • Recent Bank Resolution Filings Stress Readiness Over Docs

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    Against the backdrop of banking regulators' recent emphasis on institutional readiness in the event of a bank failure, a review of more than a dozen public resolution plan submissions points to an immediate future in which regulators and banks alike prioritize operational preparedness over extensive documentation, say attorneys at Moore & Van Allen.

  • Series

    Alpine Skiing Makes Me A Better Lawyer

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    Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.

  • Senior Housing Demands A Distinct Dealmaking Playbook

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    An aging population and evolving state regulations underscore a critical reality that senior housing assets can undergo operational or compliance shifts during dealmaking, highlighting the need for unique contractual safeguards like expanded disclosures, anchored notice obligations, and targeted closing conditions and remedies, say attorneys at Goodwin.

  • Seeking A Policy Fix As Merger Reporting Fight Continues

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    A recently announced request by the Federal Trade Commission and U.S. Department of Justice for public comment on the Hart-Scott-Rodino premerger reporting requirements, as litigation challenging the commission's updated requirements continues, suggests the government's willingness to address how best to support modern merger enforcement without unduly burdening filing parties, say attorneys at Baker Botts.

  • What A Court Doc Audit Reveals About Erroneous Filings

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    My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.

  • Series

    Ultramarathons Make Me A Better Lawyer

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    Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

  • Madison Capital Action Displays SEC's Emphasis On Process

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    The U.S. Securities and Exchange Commission's recent enforcement action against Madison Capital reflects the SEC's view that when market conditions materially change, valuation methodologies must be reassessed in real time, highlighting the importance of internal processes, say attorneys at Lankler Siffert & Wohl.

  • In First For DOJ, Action Signals New CFIUS Enforcement Era

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    The U.S. Department of Justice is seeking judicial enforcement of a divestment order, an unprecedented action for the agency that ushers in a new phase for the Committee on Foreign Investment in the United States, one in which judicial proceedings complement administrative oversight and presidential divestment orders may be enforced through litigation, says attorney Sohan Dasgupta.

  • Getting The Most Out Of Learning And Development Programs

    Excerpt from Practical Guidance
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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

  • AI And Threats To Privilege In Financial Sector Probes

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    The recent spotlight on the potential for artificial intelligence platforms to serve as a source for discoverable information is especially important for financial institutions to understand, as the industry navigates increasingly complex regulatory expectations and AI tools become embedded in investigative efforts, say attorneys at Jackson Lewis.

  • Del. Blackbaud Ruling Signals A New Era For Cyberinsurance

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    The recent Delaware Supreme Court ruling in Travelers v. Blackbaud shows that cyberinsurance is moving into a second maturity phase, in which insurers will increasingly attempt to recover their payments from vendors and insureds will face new pressure to justify cyber incident reimbursements, say Steven Teppler at Mandelbaum Barrett and Jade Davis at Shumaker.

  • 'A-C-T' Agenda Signals New Regulatory Era At SEC Speaks

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    At this year's SEC Speaks, U.S. Securities and Exchange Commission Chairman Paul Atkins unveiled his ambitious A-C-T agenda — advance, clarify and transform — to align the federal securities regulatory regime with modern markets, illustrating that the conference was not merely a status update but an action plan, say attorneys at Perkins Coie.

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