Private Equity

  • September 18, 2024

    GameStop CEO Pays $1M For Failure To Flag Bank Stock Buy

    GameStop CEO Ryan Cohen has agreed to pay nearly $1 million to settle U.S. Department of Justice claims that the Canadian entrepreneur violated the Hart-Scott-Rodino Act when he bought more than $20 million worth of Wells Fargo shares in 2018.

  • September 18, 2024

    Federal Judge Won't Abstain From Pot Payment Co. Dispute

    A Nevada federal judge has declined to abstain from a dispute between a pair of investment firms over the collapse of their joint venture, saying while one company is a subsidiary of a cannabis payment processing company, the dispute can be resolved without dipping into the murky waters of cannabis's federal illegality.

  • September 18, 2024

    Travers Smith, Simpson Thacher-Led PEs In £1.4B Builder Buy

    U.S. investors Sixth Street and Patron Capital said Wednesday that they have agreed to buy U.K. house builder Cala from Legal & General Group PLC for £1.35 billion ($1.78 billion), as the nation's construction sector rebounds from a bruising downturn.

  • September 17, 2024

    Chancery Sides With Truth Social Backer In SPAC Deal Payout

    A Delaware Chancery judge sided Tuesday with the investment sponsor of the entity that took former President Donald Trump's Truth Social media company public, on claims it was shortchanged in the deal, ordering a larger share of the stock be handed over from the transaction.

  • September 17, 2024

    VivoPower Plots $1.13B Merger After Unit's SPAC Deal Closes

    Sustainable energy solutions company VivoPower and hydrogen technology company FAST are mulling a combination valuing the pair at $1.13 billion, in a potential deal that would follow the departure of VivoPower's electric utility vehicle subsidiary through a special purpose acquisition company merger.

  • September 17, 2024

    White & Case Foreign Investment Pro Joins Paul Hastings

    A longtime White & Case LLP attorney specializing in national security compliance for clients with international business dealings has made the jump to Paul Hastings LLP as a partner in Washington, D.C., the firm announced on Tuesday.

  • September 17, 2024

    In-House Atty Brings Bias Suit Over Firing After Miscarriage

    A former in-house attorney at chemicals company Arxada has launched a discrimination lawsuit in New Jersey state court accusing the business of unlawfully terminating her in the days after she showed interest in going on leave to recover from a miscarriage.

  • September 17, 2024

    Travel Tech Co. Hotel Engine Books $2.1B Valuation

    Hotel Engine announced Tuesday it landed a $2.1 billion valuation in series C financing led by Permira, as the Denver-based business travel technology company looks to expand beyond hotels into flight and rental car bookings.

  • September 17, 2024

    US Utility AES Sells 30% Stake In Ohio Unit For $546M

    Power generation company AES Corp. said Tuesday that it has sold a 30% stake in its Ohio unit to Canadian investment group CDPQ for $546 million to help fund improvements to its infrastructure and meet a growing demand for data centers.

  • September 17, 2024

    Guardian In Talks To Sell The Observer To Tortoise Media

    The parent company of the Guardian newspaper is in talks to sell the Observer to Tortoise Media, in a possible deal that would include an investment of more than £25 million ($33 million) in the Sunday newspaper, the businesses said Tuesday.

  • September 17, 2024

    Freshfields-Led Warburg Pincus Sells IT Biz Shares For €153M

    Global private equity firm Warburg Pincus said Tuesday that it has sold a part of its stake in German Internet service provider Ionos Group SE and raised total proceeds of approximately €153 million ($170.3 million) in a placement guided by Freshfields Bruckhaus Deringer LLP.

  • September 17, 2024

    Ex-GT Attorney Joins Jones Day's Real Estate Ranks

    A real estate attorney with a background in digital infrastructure work is moving from Greenberg Traurig LLP to the Washington, D.C., office of Jones Day.

  • September 17, 2024

    Euronext Buys UK Stock Market Research, Data Software Biz

    Euronext NV said Tuesday that it has bought Substantive Research Ltd., a British provider of investment research and market data, as the stock exchange aims to bolster its analysis service for investors.

  • September 17, 2024

    70% Of Insurance Underwriters Fear Replacement By AI

    Seven out of 10 insurance underwriting professionals in the U.S. and U.K. fear losing their jobs within the next five years to artificial intelligence, a survey released Tuesday suggested, as the sector increasingly invests in new forms of automation.

  • September 17, 2024

    Top UK Banks Push Payments Infrastructure Reform Plan

    The trade body for financial institutions urged U.K. regulators and companies on Tuesday to engage with a new infrastructure for digital payments that is backed by major banks and card providers.

  • September 17, 2024

    Skadden, Freshfields Guide Midea's $4B Hong Kong Listing

    Midea Group debuted on the Hong Kong Stock Exchange on Tuesday after the home appliance giant raised almost $4 billion in the largest initial public offering in the special administrative region of China since early 2021.

  • September 17, 2024

    Swiss Seize $15M From Bank For 'Serious' Market Violations

    The Swiss financial markets regulator said Tuesday it has seized 12.7 million Swiss francs ($15 million) from Mirabaud & Cie SA after it ruled that the private bank had "seriously violated" the law and breached its anti-money-laundering obligations.

  • September 16, 2024

    Red Lobster Exits Bankruptcy Protection

    Casual dining seafood chain Red Lobster exited from Chapter 11 on Monday under private equity ownership and with a new CEO, five months after filing for bankruptcy to pursue a sale.

  • September 16, 2024

    CFT Capital Raises $781M For 2nd Co-Investment Fund

    Los Angeles-based CFT Capital, which manages assets on behalf of the family who founded Panda Express' parent company, said Monday it has clinched its second co-investment fund after amassing roughly $781.2 million in capital.

  • September 16, 2024

    Silver Point Wraps $4.6B Opportunistic Credit Fund

    Silver Point Capital beat its target to lock down $4.6 billion for its latest opportunistic credit fund, the Connecticut-based credit investing firm announced Monday.

  • September 16, 2024

    5th Circ. Rejects Favre's Hail Mary In Sharpe Defamation Fight

    The Fifth Circuit on Monday affirmed the dismissal of Brett Favre's defamation suit against fellow former NFL star Shannon Sharpe, who called him a "sorry mofo" on air, ruling Sharpe was allowed to express his opinions about Favre's alleged involvement in a sprawling Mississippi welfare fraud scheme.

  • September 16, 2024

    Gibson Dunn Taps Akin Gump Atty For Private Credit Growth

    A former Akin Gump partner has joined Gibson Dunn to lead the firm's private credit efforts, the firm said Monday, marking its latest addition to its New York office.

  • September 16, 2024

    Natural Gas Co. BKV To Raise Up To $315M In IPO

    Natural gas producer BKV Corp. said Monday that it plans to raise up to $315 million as part of its initial public offering in New York.

  • September 16, 2024

    Carlyle Commits $1B To Clean Real Estate Finance Co.

    Investment giant Carlyle said Monday that it has taken a stake in and committed $1 billion to real estate finance company North Bridge, which will be used toward green commercial upgrades.

  • September 16, 2024

    A&O Shearman Hires Finance Pro From Latham In Paris

    A&O Shearman said Monday that it has recruited a leveraged finance expert as a partner from Latham & Watkins LLP in France, adding to a string of recent exits from the U.S. outfit in Europe.

Expert Analysis

  • Inside Antitrust Agencies' Rollup And Serial Acquisition Moves

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    The recent request for public comments on serial acquisitions and rollup strategies from the Federal Trade Commission and U.S. Justice Department mark the antitrust agencies' continued focus on actions that fall below premerger reporting thresholds, say attorneys at Paul Weiss.

  • Think Like A Lawyer: Always Be Closing

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    When a lawyer presents their case with the right propulsive structure throughout trial, there is little need for further argument after the close of evidence — and in fact, rehashing it all may test jurors’ patience — so attorneys should consider other strategies for closing arguments, says Luke Andrews at Poole Huffman.

  • Continuation Funds: What You Need To Know

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    As the continuation fund market matures, the structure and terms of these transactions have become increasingly complex, presenting challenges that should be carefully navigated by participants to ensure a successful transaction process, say lawyers at Skadden.

  • Reps And Warranties Insurance Considerations As M&A Slows

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    The first six months of the year have seen increasingly favorable rates and policy terms for the representations and warranties insurance market, and policy purchasers are right to pay close attention to pricing, coverage, exclusions, structures and claims as the M&A market cools, say attorneys at Cooley.

  • Series

    Playing Chess Makes Me A Better Lawyer

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    There are many ways that chess skills translate directly into lawyer skills, but for me, the bigger career lessons go beyond the direct parallels — playing chess has shown me the value of seeing gradual improvement in and focusing deep concentration on a nonwork endeavor, says attorney Steven Fink.

  • How M&A Attorneys Can Best Serve Self-Funded Searchers

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    Post-pandemic, and with the so-called great wealth transfer on the horizon, individuals looking for small and midsize businesses to acquire are increasingly going the self-funded route, so deal attorneys must understand the major pain points and unique needs of this demographic, say Kevin Henderson and Eric Pacifici at SMB Law Group.

  • Litigation Inspiration: Attys Can Be Heroic Like Olympians

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    Although litigation won’t earn anyone an Olympic medal in Paris this summer, it can be worthy of the same lasting honor if attorneys exercise focused restraint — seeking both their clients’ interests and those of the court — instead of merely pursuing every advantage short of sanctionable conduct, says Bennett Rawicki at Hilgers Graben.

  • Lean Into The 'Great Restoration' To Retain Legal Talent

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    As the “great resignation,” in which employees voluntarily left their jobs in droves, has largely dissipated, legal employers should now work toward the idea of a “great restoration,” adopting strategies to effectively hire, onboard and retain top legal talent, says Molly McGrath at Hiring & Empowering Solutions.

  • Key Takeaways From 2024 Accountants' Liability Conference

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    At the recent annual Accountants' Liability Conference, regulators provided important commentary on new Public Company Accounting Oversight Board rulemaking and standard-setting initiatives, and emphasized regulatory priorities ranging from the tone at the top to alternative practice structures, say attorneys at Arnold & Porter.

  • Series

    Fishing Makes Me A Better Lawyer

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    Atop the list of ways fishing makes me a better lawyer is the relief it offers from the chronic stress of a demanding caseload, but it has also improved my listening skills and patience, and has served as an exceptional setting for building earnest relationships, says Steven DeGeorge​​​​​​​ at Robinson Bradshaw.

  • Parsing Controversial Del. General Corporation Law Proposals

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    In response to issues raised in three recent high-profile Delaware Court of Chancery decisions, many amendments to the Delaware General Corporation Law were quickly proposed that, if enacted, would bring significant changes likely to be hotly debated — and litigated — for the foreseeable future, say attorneys at Morgan Lewis.

  • A Healthier Legal Industry Starts With Emotional Intelligence

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    The legal profession has long been plagued by high rates of mental health issues, in part due to attorneys’ early training and broader societal stereotypes — but developing one’s emotional intelligence is one way to foster positive change, collectively and individually, says attorney Esperanza Franco.

  • To Make Your Legal Writing Clear, Emulate A Master Chef

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    To deliver clear and effective written advocacy, lawyers should follow the model of a fine dining chef — seasoning a foundation of pure facts with punchy descriptors, spicing it up with analogies, refining the recipe and trimming the fat — thus catering to a sophisticated audience of decision-makers, says Reuben Guttman at Guttman Buschner.

  • Circuit Judge Writes An Opinion, AI Helps: What Now?

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    Last week's Eleventh Circuit opinion in Snell v. United Specialty Insurance, notable for a concurrence outlining the use of artificial intelligence to evaluate a term's common meaning, is hopefully the first step toward developing a coherent basis for the judiciary's generative AI use, says David Zaslowsky at Baker McKenzie.

  • A Look At M&A Conditions After FTC's Exxon-Pioneer Nod

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    The Federal Trade Commission's recent consent decree imposing several conditions on Exxon Mobil's acquisition of Pioneer Natural Resources helps illustrate key points about the current merger enforcement environment, including the probability of further investigations in the energy and pharmaceutical sectors, say Ryan Quillian and John Kendrick at Covington.

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