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Private Equity
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June 30, 2025
Chancery OKs $19.25M Settlement In Weber Squeeze-Out Suit
Grillmaker Weber Inc. public stockholders secured an up to 87-cents-per-share boost Monday over the company's purportedly unfair, $3.7 billion take private sale, when the Delaware Court of Chancery approved a $19.25 million mediated settlement.
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June 30, 2025
4 Firms Build $112.7M Take-Private Of Big 5 Sporting Goods
Big 5 Sporting Goods Corp. on Monday announced plans to go private after being bought by a partnership that includes Worldwide Golf and Capitol Hill Group in an all-cash deal that was built by four law firms and is valued at roughly $112.7 million.
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June 30, 2025
White & Case-Led CVC, Tabreed To Buy PAL Cooling For $1B
Private equity giant CVC Capital Partners said Monday that its infrastructure investment arm CVC DIF has teamed up with Tabreed, an Abu Dhabi-based cooling company, to acquire PAL Cooling from Multiply Group for approximately 3.8 billion UAE dirhams ($1 billion).
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June 30, 2025
High Court To Hear Fight Over Investment Fund Suits
The U.S. Supreme Court on Monday聽agreed to hear a case that could limit the ability of private parties to assert contract violations against investment funds, with one activist investor accusing several closed-end funds of shutting it out of its voting rights.
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June 30, 2025
BP Marsh Raises Stake In RPC-Advised Broker To 39%
Private equity investor B.P. Marsh said Monday that it has snapped up an additional 2% interest in Pantheon for 拢5.5 million ($7.5 million), expanding its holding in the Lloyd's market broker to 39%.
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June 30, 2025
Proskauer Taps Paul Weiss Atty To Lead US PE Deals Team
Proskauer Rose LLP announced Monday that it has hired a former Paul Weiss Rifkind Wharton & Garrison LLP attorney to lead its private equity transactions practice in the U.S. from the New York office.
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June 27, 2025
PE-Backed McGraw Hill, Consumer Researcher NIQ File IPOs
Educational publisher McGraw Hill Inc. and consumer research provider NIQ Global Intelligence PLC filed plans for initial public offerings Friday, marking a pair of large private-equity-backed companies set to join a recovering IPO market.
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June 27, 2025
Judge Waits On Fortune's Bid To Join Assa Abloy Fight
A D.C. federal judge left open the question of whether Fortune Brands Home & Security can intervene to enforce Assa Abloy's 2023 settlement agreement with the U.S. Department of Justice on Friday, as the DOJ seeks to keep a supply agreement between the two companies in place.
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June 27, 2025
4 Firms Guide Blackstone's $2B CRE Loans Deal
Blackstone and Atlantic Union Bank's holding company have closed Blackstone's acquisition of $2 billion worth of performing commercial real estate loans from the holding company in a deal guided by Hunton Andrews Kurth LLP, Gibson Dunn & Crutcher LLP, Ropes & Gray LLP and Benesch Friedlander Coplan & Aronoff LLP, the companies jointly announced.
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June 27, 2025
Hinshaw Continues Finance Growth With Goldman Sachs Atty
Hinshaw & Culbertson LLP announced today that a former vice president and senior legal director at Goldman Sachs Bank USA has returned to firm life as a senior counsel in its New York office.
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June 27, 2025
Off The Bench: Tatis Says Loan 'Predatory,' Tennis Player Suit
In this week's Off The Bench, a Major League Baseball star wants out of a "predatory" loan from a future earnings investment company, a group of migrant workers keep alive their suit accusing companies that helped develop聽World Cup facilities in Qatar of exploitation and abuse, and the tennis Grand Slam聽tournaments may be聽in the crosshairs of players suing the sport's hierarchy.
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June 27, 2025
MoFo, Latham Lead Medical AI Co. Carlsmed's $100M IPO
Carlsmed Inc., a spinal surgery solutions-focused medical technology company near San Diego, has聽unveiled plans for an initial public offering, telling regulators it is aiming to raise up to $100 million, with Morrison & Foerster LLP advising Carlsmed and Latham & Watkins LLP representing the underwriters.
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June 27, 2025
Taxation With Representation: Weil, Freshfields, Sidley Austin
In this week's Taxation With Representation, Spectris backs a takeover offer from Advent, C&S Wholesale Grocers acquires SpartanNash, NBA team owners approve the sale of the Minnesota Timberwolves and Lynx to a consortium led by former limited partners Marc Lore and Alex Rodriguez, and Illumina Inc. acquires SomaLogic from Standard BioTools.
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June 27, 2025
B. Riley Divests Advisory Services Biz In $118M PE Deal
Financial services company B. Riley Financial Inc., advised by Cole Schotz PC, announced Friday the sale of its advisory services business to funds managed by Canadian private equity shop TorQuest Partners in a $117.8 million deal.
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June 26, 2025
SEC Won't Modify More Biden-Era Off-Channel Settlements
The U.S. Securities and Exchange Commission declined Thursday to rework another batch of Biden-era settlements tied to so-called off-channel communications on Wall Street, turning down bids that challenged some terms as unfair in light of more lenient later deals.
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June 26, 2025
2nd Circ. Won't Void Aerospace Co.'s $5M Hedge Fund Loan
The Second Circuit has said a New York federal judge was correct in rejecting aerospace company Xeriant's bid to void a $5 million loan deal with Auctus Fund LLC, ruling that while the hedge fund was not registered with the U.S. Securities and Exchange Commission as a dealer, the contract didn't obligate it to do so.
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June 26, 2025
Lime Revs Up IPO, Crypto's Prospects Rise, And More Rumors
Uber Technologies Inc.-backed electric bike startup Lime is moving forward on a U.S. initial public offering, while more crypto ventures are seeking public listings and insurance giant BrightHouse inches closer to a sale.
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June 26, 2025
3 Firms Guide EQT On $1.1B Sale Of Pioneer To CarUX
Morrison Foerster LLP, White & Case LLP and Nagashima Ohno & Tsunematsu are serving as legal counsel to EQT on a $1.1 billion deal to sell Pioneer Corp. to CarUX, a subsidiary of Taiwanese panel supplier Innolux Corp., EQT said Thursday.
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June 26, 2025
Ellenoff-Led Cantor Equity's Latest SPAC Raises $240M
Cantor Equity Partners III, the latest blank-check company formed by Cantor Fitzgerald & Co., has raised $240 million by offering 24 million shares at $10 apiece and began trading on Thursday.
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June 26, 2025
Latham, Weil Lead PE-Backed Jefferson Capital's $150M IPO
Private equity-backed consumer collections firm Jefferson Capital Inc. rallied in debut trading Thursday after pricing a $150 million initial public offering at the low point of its marketed range, represented by Latham & Watkins LLP and underwriters' counsel Weil Gotshal & Manges LLP.
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June 26, 2025
Kirkland Guides PE Firm's 拢184M Bid For Energy Consultancy
Inspired said Thursday that it has backed a 拢183.6 million ($252 million) takeover offer from U.S. private equity shop HGGC, as the energy and sustainability consultancy snubbed a rival offer from Regent International, a gas and metering services business.
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June 26, 2025
ICG Real Estate Buys 拢136.5M Retail Parks Portfolio
The real estate division of London-listed asset manager ICG said in a statement on Thursday that it has completed a deal to acquire a 拢136.5 million ($187 million) portfolio of retail parks across Greater London and the South East.
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June 25, 2025
BigLaw Fixtures Steer Blockbuster Lakers Sale
Los Angeles Lakers minority owner Mark Walter unveiled his bid to assume control of the team Wednesday, enlisting Davis Polk & Wardwell LLP to guide acquisition of the team, with ArentFox Schiff LLP representing the Lakers.
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June 25, 2025
Anti-Aging Biotech Startup Minovia Inks $180M SPAC Merger
Minovia Therapeutics Ltd., an Israeli startup developing treatments for age-related decline, plans to go public in the U.S. at a $180 million valuation by merging with special purpose acquisition company Launch One Acquisition Corp., both parties announced Wednesday.
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June 25, 2025
SwervePay, Buyers Duel In Del. Over Payment Tech Fraud Suit
Dueling fraud claims have gone to Delaware's chancellor for judgment, following post-trial arguments in litigation that began with principals of e-payment facilitator SwervePay accusing the company's buyers of overstating 鈥 by tens of billions 鈥 payment volumes that would generate post-sale earnouts under a proposed 2020 acquisition.
Expert Analysis
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Why Acquirers Should Reevaluate Federal Contract Risk
Long thought of as a stable investment, the scale with which the Trump administration is attempting to eliminate federal contracts is unprecedented, and acquirer considerations should include the size and scope of all active and pending government contracts of target companies, say attorneys at Winston & Strawn.
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Opinion
SEC Defense Bar Should Pursue Sanctions Flexibility Now
The U.S. Securities and Exchange Commission defense bar has an opening under the new administration to propose flexible, tailored sanctions that can substantially remediate misconduct and prevent future wrongdoing instead of onerous penalties, which could set sanctions precedent for years to come, says Josh Hess at BCLP.
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7 Tips For Associates To Thrive In Hybrid Work Environments
Excerpt from
As the vast majority of law firms have embraced some type of hybrid work policy, associates should consider a few strategies to get the most out of both their in-person and remote workdays, says James Argionis at Cozen O鈥機onnor.
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Series
Playing Beach Volleyball Makes Me A Better Lawyer
My commitment to beach volleyball has become integral to my performance as an attorney, with the sport continually reminding me that teamwork, perseverance, professionalism and stress management are essential to both undertakings, says Amy Drushal at Trenam.
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How Law Firms Can Counteract The Loneliness Epidemic
The legal industry is facing an urgent epidemic of loneliness, affecting lawyer well-being, productivity, retention and profitability, and law firm leaders should take concrete steps to encourage the development of genuine workplace connections, says Michelle Gomez at Littler and Gwen Mellor Romans at Herald Talent.
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5 Keys To Building Stronger Attorney-Client Relationships
Attorneys are often focused on being seen as the expert, but bonding with clients and prospects by sharing a few key personal details provides the basis for a caring, trusted and profoundly deeper business relationship, says Deb Feder at Feder Development.
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BlackRock Suit Highlights Antitrust Risks Of ESG
In Texas v. BlackRock, pending in Texas federal court, 13 state attorneys general are suing large institutional investors in the coal business, underscoring key reasons companies may want to alter their approach to developing and implementing policies related to environmental, social, and governance factors, especially if coordination with competitors is involved, say attorneys at Manatt.
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How Rising Secondary Private Markets Affect Tech Disputes
The rise of secondaries is a natural by-product of growing and evolving private markets and, as such, we can expect their growth will continue, signaling an increase in the use of secondaries in damages as well as litigation revolving around secondaries themselves, says Farooq Javed at The Brattle Group.
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Suggestions For CFTC Enforcement's New Leadership
The recent change in leadership at the U.S. Commodity Futures Trading Commission presents an opportunity to reflect on past practices and consider opportunities for improvement at the commission's Enforcement Division, including in observing precedent and providing greater enforcement transparency, say attorneys at Clifford Chance.
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Assessing PE Risk After Mass. False Claims Act Amendments
A law recently passed in Massachusetts amends the commonwealth's False Claims Act by dramatically expanding potential liability for private equity firms and investors, underscoring the importance of robust diligence and risk assessments for private equity firms conducting transactions in the commonwealth, say attorneys at Gibson Dunn.
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Series
Racing Corvettes Makes Me A Better Lawyer
The skills I use when racing Corvettes have enhanced my legal practice in several ways, because driving, like practicing law, requires precision, awareness and a good set of brakes 鈥 complete with the wisdom to know how and when to use them, says Kat Mateo at Olshan Frome.
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Opinion
Attorneys Must Act Now To Protect Judicial Independence
Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch鈥檚 authority, says attorney Bhavleen Sabharwal.
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Rethinking 'No Comment' For Clients Facing Public Crises
鈥淣o comment鈥 is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Fund Names Rule FAQs Leave Some Interpretative Uncertainty
Although recently released FAQs clarify many specific points of the 2023 expansion to the Investment Company Act's fund names rule, important questions remain about how U.S. Securities and Exchange Commission staff will interpret other key terms when the end-of-year compliance date arrives, say attorneys at Dechert.
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How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits 鈥 but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.