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Private Equity
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May 22, 2025
Gem Group Plugs $100M Into MoviePass For Fantasy Platform
A fund sponsored by alternative investment firm Gem Group announced聽Thursday that it completed its inaugural investment in MoviePass, plugging $100 million into the company that says it is "redefining" the moviegoing experience.
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May 22, 2025
Cleary Closes Frankfurt Office As It Consolidates In Germany
Cleary is closing its office in Frankfurt after more than three decades as the U.S. law firm consolidates its operations in Germany under one location.
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May 21, 2025
Tech CEO Duped Investors, Faked Blockchain Deals, Feds Say
The co-founder and CEO of Amalgam Capital Ventures on Wednesday was charged with defrauding investors in the purported blockchain-based software startup by lying about sky-high revenue projections and partnerships with well-known businesses, including major league sports teams and top payment processing platforms.
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May 21, 2025
Latham Leads Pair Of Venture-Backed IPOs Raising $624M
Artificial-intelligence powered physical therapy startup Hinge Health Inc. raised an estimated $437 million initial public offering at the top of its range Wednesday, leading two venture-backed IPOs that netted more than $624 million combined, both represented by Latham & Watkins LLP.
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May 21, 2025
House Panel Advances Bills Easing Securities, Banking Regs
The U.S. House of Representatives Financial Services Committee this week approved 25 bills largely aimed at reducing capital markets and banking regulations, moving the deregulatory proposals forward for consideration by the full House.
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May 21, 2025
Kirkland, Fenwick Lead CoreWeave's Upsized $2B Debt Offer
Artificial intelligence startup CoreWeave Inc. on Wednesday said it raised $2 billion in debt through an upsized offering, represented by Kirkland & Ellis LLP and Fenwick & West LLP, that netted $500 million more than its initial target.
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May 21, 2025
Wachtell Guides OpenAI On $6.5B Io Products Acquisition
OpenAI said Wednesday it will acquire io Products, the hardware startup co-founded by former Apple design chief Jony Ive, in a $6.5 billion transaction that represents the artificial intelligence company's largest acquisition to date.
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May 21, 2025
Crypto Influencer's SPAC Leads 2 Offerings Totaling $420M
A special purpose acquisition company led by crypto influencer Anthony Pompliano and advised by Reed Smith LLP raised $220 million as it went public on Wednesday, while another fintech-focused blank check company advised by DLA Piper raised $200 million in its own offering.
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May 21, 2025
Crestline Investors Closes $1.7B NAV Financing Fund
Crestline Investors said Wednesday that it has closed its third commingled net asset value, or NAV, financing fund with $1.7 billion in capital, as the private equity firm continues its strategy of offering alternative investment and liquidity options amid a volatile exit environment.
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May 21, 2025
LA Chargers Latest NFL Team To Add PE Minority Ownership
The Los Angeles Chargers have become the third NFL team to sell a minority ownership stake to a private equity firm since the league approved such investments in August, with NFL owners OK'ing the purchase of a Chargers stake by Arctos Partners LP.
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May 21, 2025
Cadwalader Adds Ex-Latham Infrastructure Atty In London
Cadwalader Wickersham & Taft LLP announced it has added a former Latham & Watkins LLP infrastructure finance attorney as a partner in its London office.
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May 21, 2025
Simpson Thacher, Hogan Lovells Guide $1.75B Shipping Deal
Typewriter Ascend Ltd., an entity backed by Stonepeak and affiliated with container leasing firm Textainer, has agreed to acquire Global Sea Containers Ltd. from China's Bohai Leasing Co. in a deal valued at $1.75 billion.
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May 20, 2025
Barclays Officials Beat Shareholder's Suit At NY High Court
New York's highest court on Tuesday rejected arguments that current and former officials of London-based Barclays PLC can be sued under New York law over a series of scandals that have rocked the bank, a decision that sparked rebuke from the court's chief judge.
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May 20, 2025
SEC Chair Says Staff Exits Have Left Holes In Agency
U.S. Securities and Exchange Commission Chair Paul Atkins told Congress Tuesday that the agency has lost hundreds of聽employees in recent months due to voluntary buyouts and early retirement incentives, and that some now-missing expertise will need to be replaced.聽
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May 20, 2025
Awardco Nabs $1B Valuation After $165M Equity Infusion
Goodwin Procter LLP-led Awardco, an employee rewards and recognition software company, announced Tuesday it hit a $1 billion valuation after scoring a $165 million minority investment from two private equity firms.聽
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May 20, 2025
Beach Point Nabs Nearly $1.3B For Private Credit, Real Estate
Beach Point Capital Management said Tuesday it has raised nearly $1.3 billion across two investment funds, as it continues to build out its offerings in private credit and real estate.
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May 20, 2025
Chinese EV Battery Giant Generates $4.6B IPO Amid Tensions
Electric-car battery maker Contemporary Amperex Technology Co. Ltd. began trading in Hong Kong after raising a $4.6 billion initial public offering, completing the year's largest equity offering globally despite tension between Washington and Beijing, guided by four law firms.
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May 20, 2025
Engineer Renold Faces Competing Bids Worth Up To 拢183M
Renold PLC said Tuesday that it is being circled by private equity firms after receiving two separate takeover bids that would pull the British engineering firm from London's junior market.
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May 20, 2025
Paul Hastings Gains Finance Pro From Latham In California
Paul Hastings LLP announced Tuesday that it has expanded its global finance practice with a partner in Southern California who came aboard from Latham & Watkins LLP.
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May 19, 2025
Minority Investors Claim Colo. Gas Co. Forced Unfair Buyout
Two shareholders are suing a Denver natural gas marketing company, its board and majority shareholders for allegedly forcing minority owners to redeem shares at far below their value, claiming in a Colorado state court complaint that the forced sell-off amounted to self-dealing that violated an operating agreement.
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May 19, 2025
Cos. Fight Recusal Bid In Antitrust Case Over Clerk Ties
The Minnesota federal judge overseeing a major pork price-fixing case shouldn't have to recuse himself just because one of his clerks worked at plaintiffs-side firms, pork purchaser plaintiffs say, calling the defendants' request a cynical ploy that comes on the eve of trial.
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May 19, 2025
AI Startup CoreWeave Seeks $1.5B Debt After IPO Shortfall
Artificial intelligence startup CoreWeave Inc. said Monday it plans to raise $1.5 billion in debt less than two months after its highly anticipated initial public offering fell short of expectations, represented by Kirkland & Ellis LLP and Fenwick & West LLP.
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May 19, 2025
Kirkland-Led Eagle Merchant Wraps Second Fund At $415M
Eagle Merchant Partners, a private equity shop represented by聽Kirkland & Ellis LLP, announced Monday it clinched聽its second fund with $415 million in tow.
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May 19, 2025
Simpson Thacher Adds Ex-Carlyle Director To Funds Practice
Simpson Thacher & Bartlett LLP announced Monday that it has added the former legal director to global investment firm The Carlyle Group as a partner in its private funds practice in Washington, D.C.
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May 19, 2025
Covington Corporate M&A Atty Moves To Clifford Chance
Clifford Chance LLP has hired a Covington & Burling LLP partner for its U.S. corporate mergers and acquisitions practice to strengthen its capabilities in the healthcare and life sciences sector, the firm said Monday.
Expert Analysis
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Series
Racing Corvettes Makes Me A Better 麻豆传媒yer
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 麻豆传媒yers Find Purpose In Work
麻豆传媒yers 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.
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Series
Competitive Weightlifting Makes Me A Better 麻豆传媒yer
The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF 麻豆传媒.
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How Private Securities Suits Complement SEC Enforcement
U.S. Securities and Exchange Commission enforcement is vital to the healthy functioning of markets, but government enforcement alone is not enough to ensure meaningful monetary recoveries for investor losses due to securities law violations, say attorneys at Bernstein Litowitz.
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Opinion
Inconsistent Injury-In-Fact Rules Hinder Federal Practice
A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.
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In-House Counsel Pointers For Preserving Atty-Client Privilege
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at 麻豆传媒 & Forensics.
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Takeaways From CFTC's Private Fund Rule Amendments
The U.S. Commodity Futures Trading Commission's recently adopted amendments to Rule 4.7 of the Commodity Exchange Act ensure that investors in the complex derivatives markets receive relevant and comprehensive information, and further align suitability criteria for investors in private funds, says Rita Molesworth at Willkie.
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Series
Collecting Rare Books Makes Me A Better 麻豆传媒yer
My collection of rare books includes several written or owned by prominent lawyers from early U.S. history, and immersing myself in their stories helps me feel a deeper connection to my legal practice and its purpose, says Douglas Brown at Manatt Health.
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Opinion
Judge Should Not Have Been Reprimanded For Alito Essay
Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of 麻豆传媒 of Duquesne University.
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A Look At Collateralized Loan Obligations Post-Reform
The Financial Stability Board's recent report on global securitization reforms, analyzing resilience trends in the collateralized loan obligation market post-2008, suggests that, while risk retention rules have a limited impact on observable characteristics, other structural features play a significant role in ensuring risk alignment, says Kos Vavelidis at DLA Piper.
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Lights, Camera, Ethics? TV 麻豆传媒yers Tend To Set Bad Example
Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood鈥檚 inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.
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Perspectives
Accountant-Owned 麻豆传媒 Firms Could Blur Ethical Lines
KPMG鈥檚 recent application to open a legal practice in Arizona represents the first overture by an accounting firm to take advantage of the state鈥檚 relaxed law firm ownership rules, but enforcing and supervising the practice of law by nonattorneys could prove particularly challenging, says Seth Laver at Goldberg Segalla.