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The UK Takeover Panel’s Guidance on “Stub Equity” In Take-Private Transactions

JD Supra: Mergers

On 3 July 2025, the UK Takeover Panel (Panel) published a new Practice Statement 36 (PS 36), which provides formal guidance on how the Panel will interpret and apply the Takeover Code to an “unlisted share alternative” (known as stub equity) in the context of a take-private transaction of a UK public company.

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Preferred and structured equity investments in the spotlight amid uncertain markets

JD Supra: Mergers

Preferred equity investing is on the rise amid a search for yield and a fall in the number of high-quality assets coming to market. Here we explore the growing appeal of preferred equity instruments, outline the terms that are heavily negotiated in deals—and explain their impact on M&A. By: A&O Shearman

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DOJ Declines to Prosecute Private Equity Firm after Post-Acquisition Voluntary Self-Disclosure of Sanctions and Export Control Violations

JD Supra: Mergers

By: White & Case LLP

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California Legislature Takes Another Swing at Private Equity Participation in Healthcare

JD Supra: Mergers

Last fall, private equity and hedge fund investors were given a reprieve from the prospect of increased oversight of healthcare transactions when California Governor Gavin Newsom unexpectedly vetoed Assembly Bill 3129 (AB 3129). By: Husch Blackwell LLP

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Important Tax Update: Luxembourg Court Decision on Interest Free Loans and Debt to Equity Ratio – A Global Impact

JD Supra: Mergers

International transactions, such as private equity deals, mergers and acquisitions, and financing arrangements, frequently leverage Luxembourg entities as holding companies or joint ventures.

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A DOJ Private Equity Declination and Its Lessons for Acquirers and Targets

JD Supra: Mergers

The DOJ declined to prosecute a private equity firm for its portfolio company’s pre-acquisition sanctions and export violations, marking the first application of the National Security Division’s M&A Policy.

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U.S. Private Equity Market Recap - April 2025

JD Supra: Mergers

private equity market. Read our latest insights into the U.S. We cover monthly deal activity and size, fundraising, exits, leveraged loans, and a look ahead. The drop in March deal count pushed Q1 deal count to the lowest quarterly level since the onset of the pandemic in Q2 2020.