article thumbnail

DOJ Declination of Private Equity Firm Underscores Need for Robust M&A Due Diligence

JD Supra: Mergers

Attorney’s Office for the Southern District of Texas, announced that they would not prosecute White Deer Management LLC (“White Deer”), a Texas‑based private equity firm, in connection with sanctions and export control violations committed by Unicat Catalyst Technologies LLC (“Unicat”), a portfolio company it had acquired in 2020.

article thumbnail

Delaware Court Of Chancery Finds That Controller Sale Of Company Did Not Harm Minority Interests

JD Supra: Mergers

On January 7, 2025, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery issued a post-trial decision in favor of defendant, a private equity fund (the Fund), finding that the Funds sale of a portfolio company (the Company) was protected by the business judgment rule and did not harm the interests of minority stockholders.

Sale 165
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

November’s rally has set the 60/40 portfolio on track for its best month since 2020

CNBC: Investing

Keeping diversified and staying the course can pay off.

Portfolio 114
article thumbnail

Use of Equity Rollovers Continues to Rise Amid Market Uncertainty

JD Supra: Mergers

Since 2020, a steadily increasing number of middle-market private equity deals have included equity rollovers. ​​​​​​​ Given the current acute challenges in arranging acquisition financing on palatable terms and a continued focus on ensuring alignment between private equity (PE) investors and portfolio company management, the use of rollover equity (..)

Equities 165
article thumbnail

Ripple acquires crypto custody startup Metaco for $250 million

TechCrunch: M&A

In 2020, Ripple and its team faced a lawsuit from the U.S. It could indicate that Ripple wants to use its balance sheet to build a portfolio of cryptocurrency-focused companies and bounce back from the SEC feud. While Ripple and XRP are technically separate entities, Ripple still owns a large amount of XRP tokens.

Sale 257
article thumbnail

Blackstone aims to ‘disrupt historic hiring patterns and help our portfolio companies source quality talent from the widest possible pool’

PE Hub

Joe Baratta founded Career Pathways in 2020. Since then, 50 of Blackstone's portfolio companies have welcomed more than 6,000 untapped talent hires. The post Blackstone aims to ‘disrupt historic hiring patterns and help our portfolio companies source quality talent from the widest possible pool’ appeared first on PE Hub.

article thumbnail

JPMorgan says shares of this little-known online lender can rally more than 50%

CNBC: Investing

"From 2020-24, Qifu reported 84% growth in the number of clients with credit lines and an average net take rate of 3.9% "Qifu has shown stable new loan growth and EPS growth vs peers during the macro volatility since 2020, demonstrating its operating prudency." QFIN YTD mountain Qifu Technology stock in 2025.

Shares 87