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Private Equity
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April 09, 2025
Self-Driving Car Tech Co. Valued At $6B After Series E Round
Autonomous driving technology company Nuro Inc. on Wednesday revealed that it achieved a $6 billion valuation after completing its latest fundraising round with $106 million in tow.
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April 09, 2025
White & Case-Led EQT Inks Nearly $3B Health Deal With KKR
KKR & Co. has agreed to acquire Sweden's Karo Healthcare from EQT, marking the handover of a company that has quadrupled in sales over the past five years, the companies said Wednesday, in a deal worth up to a reported 2.6 billion euros ($2.85 billion).
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April 09, 2025
Winston & Strawn Leads Fintech-Focused SPAC's $240M IPO
Special purpose acquisition company Titan Acquisition Corp. began trading Wednesday after pricing a $240 million initial public offering in pursuit of a merger with a fintech or related business, represented by Winston & Strawn LLP and underwriters' counsel Ellenoff Grossman & Schole LLP.
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April 09, 2025
Pillsbury Expands Houston Office With 3 Corporate Attorneys
Pillsbury Winthrop Shaw Pittman LLP has added three attorneys with unique dealmaking experience to its growing Houston office.
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April 09, 2025
3 Firms Build Bain's $825M Lincoln Financial Stake Buy
Insurance company Lincoln Financial on Wednesday revealed that it has secured an $825 million strategic growth investment from private equity giant Bain Capital in exchange for a minority equity stake in a deal built by three law firms.
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April 09, 2025
Blackstone Clinches $10.8B European Real Estate Fund
Simpson Thacher & Bartlett LLP-advised private equity giant Blackstone on Wednesday announced that it wrapped its latest European real estate fund with €9.8 billion ($10.8 billion) of total capital commitments.
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April 09, 2025
Paper Towel Maker For Trader Joe's, Aldi Files For Ch. 11
Arizona-based Royal Interco LLC, which supplies private-label paper products for grocery chains including Trader Joe's, Whole Foods, Kroger and Aldi, filed for Chapter 11 protection in Delaware, saying it has $205 million in outstanding secured debt and a stalking horse bid to acquire the company for $126 million.
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April 09, 2025
MoFo Hires Ex-Proskauer Private Equity Partner In NYC
Morrison Foerster LLP has announced the hiring of a former partner at Proskauer Rose LLP based in New York as the latest addition to its private equity group.
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April 09, 2025
Assura Backs KKR's £1.6B Takeover Offer, Rejects PHP
The board of property manager Assura said Wednesday that it has backed a £1.6 billion ($2 billion) takeover offer from two U.S. private equity firms, rejecting a lower £1.5 billion bid from a British real estate investment trust.
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April 08, 2025
Ex-Google Engineer Unlikely To Beat AI Trade Secrets Charges
A California federal judge indicated Tuesday that he's unlikely to toss economic espionage charges against an ex-Google engineer accused of stealing artificial intelligence trade secrets to benefit startups in China, but said he "can't shake the feeling" that prosecutors wouldn't have brought the case if it involved a different country.
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April 08, 2025
SEC's Uyeda Urges Review Of Federal-State Oversight Splits
The acting chairman of the U.S. Securities and Exchange Commission on Tuesday called for a reevaluation of the threshold that divides federal and state oversight of investment advisers, saying he wants to better conserve SEC and taxpayer resources by focusing on the largest advisers.
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April 08, 2025
German Pharma Giant Stada Pauses IPO As Volatility Endures
Private equity-backed German pharmaceutical company Stada is halting its initial public offering amid market volatility, joining several U.S. companies that are pausing plans while they assess the fallout from President Donald Trump's tariff policy.
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April 08, 2025
Barings Snags Aircraft Portfolio Valued At Over $200M
Investment manager Barings on Tuesday announced that it has agreed to buy an aircraft portfolio valued at more than $200 million through its capital solutions platform.
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April 08, 2025
DLA Piper Adds Wilson Sonsini Corporate Ace In LA
A veteran corporate attorney experienced in the life sciences and technology industries has jumped from Wilson Sonsini Goodrich & Rosati PC to DLA Piper.
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April 08, 2025
Cravath Private Equity Co-Leader Joins Sidley In New York
Sidley Austin LLP announced Tuesday that the former co-head of Cravath Swaine & Moore LLP's private equity group is the latest addition to its growing mergers and acquisitions and private equity bench.
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April 08, 2025
Sidley Austin Expands M&A Group, Hires Ex-Milbank Partner
Sidley Austin LLP announced Monday another addition to its mergers and acquisitions practice in New York, hiring a former Milbank LLP attorney as a partner.
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April 08, 2025
Sidley-Led Excelsior Wraps 2nd Energy Fund With $1B In Tow
Sidley Austin LLP-advised Excelsior Energy Capital on Tuesday announced it had clinched its second energy investment fund after securing just over $1 billion from investors.
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April 08, 2025
PureTech Health Rejects PE Firm's Approach
PureTech Health PLC has confirmed it was in talks with Kirkland-led private equity firm Nordic Capital Epsilon about a possible takeover of the pharmaceutical company by acquiring all its shares for cash, which it has rejected.
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April 07, 2025
Verizon, State Street Say Pension Annuity Suit Claims Fall Flat
Verizon Communications and its independent fiduciary State Street urged a New York federal judge to toss a proposed class action from Verizon retirees who challenged the conversion of their federally regulated pension benefits into annuity insurance contracts, arguing the allegations lacked standing and failed to state a claim.
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April 07, 2025
Trump Reopens Security Review Of US Steel-Nippon Deal
President Donald Trump on Monday ordered a fresh national security review of Nippon Steel's proposed $14.9 billion takeover of U.S. Steel, reviving a deal blocked by his predecessor and giving the companies some of the relief they sought in court.
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April 07, 2025
Pair Of Blank Check IPOs Raising $411M To Pursue Mergers
Two separate special purpose acquisition companies, New Providence Acquisition III and Twelve Seas Investment III, on Monday unveiled plans to raise a combined $411 million in their initial public offerings.
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April 07, 2025
Monthly Merger Review Snapshot
The Federal Trade Commission sued to block GTCR BC's planned purchase of a medical device coatings company, the Justice Department's antitrust case against Live Nation survived a dismissal bid and a New York state court found a ski mountain deal hurt competition. Here, Law360 looks at the major merger review developments from March.
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April 07, 2025
Nelson Mullins Team Joins Duane Morris In DC, Atlanta, Miami
Duane Morris LLP announced Monday that it is expanding its corporate practice by bringing in a team of five Nelson Mullins Riley & Scarborough LLP transactional attorneys — including two partners — in its Washington, D.C., Atlanta and Miami locations.
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April 07, 2025
Goldberg Segalla Adds Hospitality, Retail Atty In Palm Beach
Litigation firm Goldberg Segalla LLP said it has added retail and hospitality attorney Jason R. Hepperly to its office in West Palm Beach, Florida.
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April 07, 2025
Ex-Goodwin RE Atty Leaves Retirement For Reed Smith
Reed Smith LLP announced Monday that a longtime private equity real estate lawyer has come out of retirement to join the firm in California after working most recently for Goodwin Procter LLP.
Expert Analysis
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How BigLaw Executive Orders May Affect Smaller Firms
Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
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Opinion
Lawsuits Shouldn't Be Shadow Assets For Foreign Capital
Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
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2 Del. Rulings Reinforce Proof Needed For Records Demands
Two recent Delaware Court of Chancery decisions involving Amazon and Paramount Global illustrate the significance of the credible basis standard on books and records requests, underscoring that stockholders seeking to investigate wrongdoing must come forward with actual evidence of misconduct — not mere allegations, say attorneys at Cleary.
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How To Accelerate Your Post-Attorney Career Transition
Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
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Key Takeaways From The 2025 Spring Antitrust Meeting
Leadership changes, shifting priorities and evolving enforcement tools dominated the conversation at the recent American Bar Association Spring Antitrust Meeting, as panelists explored competition policy under a second Trump administration, agency discretion under the 2023 merger guidelines and new frontiers in conduct enforcement, say attorneys at Freshfields.
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How Tariffs May Affect Proxy Contests This Season
While global tariffs imposed by the Trump administration will certainly chill at least some activity this proxy season, and make defending contests significantly easier, there will likely be many new activist investments once there is more economic certainty, meaning more proxy fights this fall, say attorneys at Sidley.
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Series
Law School's Missed Lessons: Be An Indispensable Associate
While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
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SEC Confidential Review Process Provides Issuers Flexibility
The U.S. Securities and Exchange Commission's recently announced enhancements to the process for confidentially submitting draft registration statements will be immediately impactful for issuers seeking to access the public capital markets, and should provide more grounds to explore and plan public offerings, say attorneys at Lowenstein Sandler.
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Series
Birding Makes Me A Better Lawyer
Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.
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Series
Adapting To Private Practice: From DOJ Leadership To BigLaw
The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.
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Issues To Watch At ABA's Antitrust Spring Meeting
Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.
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Law Firm Executive Orders Create A Legal Ethics Minefield
Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.
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Reviewing Calif. Push To Restrict Private Equity In Healthcare
A recent proposed bill in California aims to broaden the state's existing corporate practice of medicine restrictions, so investors must ensure that there is clear delineation between private equity investment in practice management and physicians' clinical decision-making, say attorneys at Debevoise.
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Firms Must Embrace Alternative Billing Models Or Fall Behind
As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.
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Opinion
7 Ways CFTC Should Nix Unnecessary Regulatory Burdens
Several U.S. Commodity Futures Trading Commission regulations do not work efficiently in practice, all of which can be abolished or improved in order to comply with a recent executive order requiring the elimination of 10 regulations for every new one implemented, say attorneys at K&L Gates.