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Private Equity
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July 07, 2025
Chancery Won't Sink Investor Suit Against Gaming Co. Skillz
Delaware's chancellor has rejected calls to dismiss a derivative suit accusing insiders of mobile gaming company Skillz Inc. of misleading investors about weak prospects ahead of a secondary public offering in 2021, instead ordering a summary judgment proceeding to drill down on the issue of director independence.
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July 07, 2025
Kirkland-Led Zenyth Partners Raises $375M For Latest Fund
Kirkland & Ellis LLP-advised private equity shop Zenyth Partners on Monday announced that it closed its second flagship fund after securing $375 million in capital commitments, which will be used to invest in healthcare services-focused companies.
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July 07, 2025
PE Dealmakers Best-Suited To Cut Through M&A Challenges
In part two of this M&A market review, industry attorneys dig into how regulatory shifts are impacting the M&A landscape, from increased paperwork to continued scrutiny of tech transactions. They also outline how and why private equity has emerged as a bright spot in the market, playing an outsize role in dealmaking.
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July 07, 2025
Canadian Tungsten Producer Plans $86 Million US IPO
Canadian tungsten concentrate producer Almonty Industries on Monday told U.S. regulators that it plans to raise up to $86 million in its initial public offering.
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July 07, 2025
Catching Up With Delaware's Chancery Court
In Delaware in the past week, a vice chancellor awarded just $1 in damages to a China-tied company looking to secure a $50 million stake in SpaceX while also slamming the fund's manager for acting "insincerely," Tyson Foods won $55 million in damages in a suit claiming the owner of two poultry rendering plants Tyson acquired hid that it relied on a "disfavored" practice of recovering "unappetizing remnants of butchered chickens," and a suit over a one-site bank's 11-aircraft fleet was moved into the discovery phase.
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July 07, 2025
2 SPACs Seek To Raise $210M Combined Amid Rebound
Two special purpose acquisition companies have filed plans for initial public offerings totaling $210 million, expanding a growing pipeline of new listings, led by Asia-focused Chenghe Acquisition's third vehicle and a new entrant to the SPAC market.
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July 07, 2025
3 Firms Advise On $9B CoreWeave Deal For Core Scientific
Davis Polk & Wardwell LLP and Kirkland & Ellis LLP are advising CoreWeave on a new agreement to acquire Wachtell Lipton Rosen & Katz-advised Core Scientific at an implied equity value of approximately $9 billion, the companies announced Monday.
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July 07, 2025
One Rock Closes Latest Funds With Combined $3.97B
Private equity shop One Rock Capital Partners announced Monday that it wrapped its two latest funds after securing a combined $3.97 billion of investor commitments.
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July 07, 2025
Aussie Miner Accepts Revised $150M Bid From UK Rival
U.K. miner Central Asia Metals said Monday that the board of Australian rival New World Resources Ltd. has accepted its sweetened bid of approximately 230 million Australian dollars ($150 million), ditching a competing offer from a Canadian private equity firm.
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July 03, 2025
4 Things To Watch At DOL In 2025's 2nd Half
Management-side attorneys are expecting a shakeup at the U.S. Department of Labor if President Donald Trump's pick to lead the agency's employee benefits arm wins Senate confirmation. Here, Law360 looks at four issues that employee benefits experts say they'll be monitoring at the DOL in the latter half of the year.
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July 03, 2025
Circuit-By-Circuit Recap: Justices Send Message To Outliers
It was a tough term at the U.S. Supreme Court for two very different circuits — one solidly liberal, one solidly conservative — that had their rulings overturned in eye-popping numbers. But it was another impressive year for a relatively moderate circuit that appears increasingly simpatico with the high court.
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July 03, 2025
The Moments That Shaped The Universal Injunction Case
The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foregone conclusion during oral arguments earlier this year. What do the colloquies suggest about the justices' thinking? Here are some moments that may have swayed them.
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July 03, 2025
Thoma Bravo Buying Restaurant Platform Olo In $2B Deal
Software-focused private equity firm Thoma Bravo has agreed to purchase New York-based Olo Inc., a software-as-a-service platform for restaurants, in an all-cash transaction that gives Olo an approximately $2 billion equity value, the companies said Thursday.
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July 03, 2025
Simpson Thacher Adds Practice Heads In Leadership Shift
Simpson Thacher & Bartlett LLP has tapped a number of longtime partners for new leadership roles, adding new positions leading the firm's global private equity and asset management teams, also naming new co-heads of its investment funds practice and a new chair of funds and funds adjacencies.
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July 03, 2025
The Firms That Won Big At The Supreme Court
The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.
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July 03, 2025
Breaking Down The Vote: The High Court Term In Review
The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.
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July 03, 2025
Cooley Leads AI-Focused Chipmaker Ambiq's $75M IPO Filing
Venture-backed chipmaker Ambiq Micro Inc. filed for a $75 million initial public offering Thursday, with Cooley LLP advising it and Davis Polk & Wardwell LLP representing the underwriters, marking the latest artificial intelligence-related startup to pursue an IPO.
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July 03, 2025
McGuireWoods-Advised Saothair Closes $300M 2nd Fund
McGuireWoods LLP-advised Saothair Capital Partners LLC on Thursday announced that it wrapped its sophomore fund after securing $300 million in investor commitments.
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July 03, 2025
Citgo, Castrol Field Billion-Dollar Bids, And More Deal Rumors
Vitol submitted a more than $10 billion bid to buy the parent of Venezuela-owned U.S. refiner Citgo Petroleum, according to Wednesday reports, but subsequent news indicated that it might not be enough to beat out the competition. Castrol, which is BP's lubricant arm, is also running an auction process, with private equity firm Clayton Dubilier & Rice reportedly emerging as one of the latest bidders.Â
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July 03, 2025
Capital Markets Upturn Sets Stage For Second-Half Rebound
Deals attorneys are approaching the second half of 2025 increasingly confident that capital markets' activity will accelerate despite potential headwinds stemming from higher tariffs, interest rate uncertainties and geopolitical turmoil.
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July 03, 2025
Brookfield Business Partners Sells Stake To Evergreen Fund
Brookfield Business Partners, the flagship listed vehicle of Brookfield Asset Management, on Thursday announced that it has agreed to sell a portion of its stake in three businesses to a new evergreen private equity strategy managed by the group.
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July 03, 2025
Mid-Year M&A Deal Flow Suffers Amid Global Instability
More than six months into a new Donald Trump administration, the mergers and acquisitions boom that many market observers anticipated has failed to materialize. In part one of this two-part M&A review, industry attorneys discussed market activity so far this year, how geopolitical factors are impacting the dealmaking environment, and their outlook for the remainder of 2025.
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July 03, 2025
Investor EQT To Acquire Stake In Life Sciences Products Biz
Swedish investor EQT Group said Thursday that its healthcare business has agreed to acquire a majority stake in life sciences research company Europa Biosite.Â
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July 02, 2025
EQV Ventures' Upsized IPO Tops 4 Listings Totaling $830M
Energy-focused special purpose acquisition company EQV Ventures Acquisition Corp. II began trading Wednesday after pricing an upsized $420 million initial public offering, in the largest of four SPAC IPOs totaling $830 million.
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July 02, 2025
SEC Staff Shares Disclosure Guidance For Crypto ETPs
The U.S. Securities and Exchange Commission staff is providing more insight on its expectations around disclosures for novel crypto exchange-traded products, urging issuers to share risks specific to the product and use plain language over technical jargon to explain the business.
Expert Analysis
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How Trump's Trade Policies Are Shaping Foreign Investment
Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.
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Series
My Opera And Baseball Careers Make Me A Better Lawyer
Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.
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Assessing New Changes To Texas Officer Exculpation Law
Consistent with Texas' recent modernization of its corporate law, the recently passed S.B. 2411 allows officer exculpation, streamlines certificate of formation amendments, authorizes representatives to act on shareholders' behalf in mergers and makes other changes aimed toward companies seeking a more codified, statutory model of corporate governance, say attorneys at Bracewell.
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Is SEC Moving Away From Parallel Insider Trading Cases?
The U.S. Securities and Exchange Commission's apparent lack of follow-up in four recent criminal cases of insider trading brought by the Justice Department suggests the SEC may be reconsidering the expense and effort of bringing parallel civil charges for insider trading, say attorneys at Dentons.
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Series
Law School's Missed Lessons: Communicating With Clients
Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.
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Series
Adapting To Private Practice: From US Rep. To Boutique Firm
My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.
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Opinion
Senate's 41% Litigation Finance Tax Would Hurt Legal System
The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.
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Series
Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.
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9th Circ. Ruling Is Turning Point For Private Funds In 401(k)s
The Ninth Circuit's decision in Anderson v. Intel reinforces that the Employee Retirement Income Security Act's duty of prudence permits fiduciaries to use private market assets in diversified funds, yet it also exposes the persistent litigation and regulatory uncertainties that continue to temper wider adoption in 401(k) plans, say attorneys at Debevoise.
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A Guide To Permanent Capital Vehicles As Access Widens
Recent regulatory and legislative actions are making it easier for retail investors to access permanent capital vehicles like closed-end, interval, tender offer and open-end funds, which each offer distinct advantages that are important to review, say attorneys at Mayer Brown.
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The CFTC Is Shaking Up Sports Betting's Legal Future
The sports betting industry faces a potential sea change amid recent state and federal actions across the regulatory landscape that have expanded access to sporting event contracts against the backdrop of waning Commodity Futures Trading Commission opposition, says Nick Covek at Foley & Lardner.
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Series
Law School's Missed Lessons: Rejecting Biz Dev Myths
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.
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Del. Dispatch: General Partner Discretion In Valuing Incentives
In Walker v. FRP Investors, the Delaware Court of Chancery recently held that the general partner of a limited partnership breached its obligations when determining the threshold value of newly issued incentive units, highlighting the court's willingness to reconstruct what a reasonable determination of value by a general partner should have been, say attorneys at Fried Frank.
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Move Beyond Surface-Level Edits To Master Legal Writing
Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.