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Employment Considerations in Portfolio Company Acquisitions

JD Supra: Mergers

A private equity (PE) firm’s primary objective is to generate returns on its investments. When a PE firm acquires a portfolio company (PortCo), one way the PE firm increases its returns is by making employment-related changes—sometimes significant ones—at the PortCo level.

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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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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.

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Eyes on the exit: Selling PE portfolio companies in complex markets

JD Supra: Mergers

Sluggish M&A and IPO markets have put the brakes on private equity exit activity across Europe, but as pressure builds to clear the backlog of unsold portfolio companies, firms are taking innovative approaches to selling businesses - Europes private equity firms have a large backlog of unsold portfolio companies sitting on their books, and the (..)

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Where's My MOIC: Strategic Preparation for Maximum Value in PE Portfolio Exits

JD Supra: Mergers

The Strategic Imperative of Early Exit Planning - In the high-stakes world of private equity, the difference between a good and great multiple on invested capital (MOIC) often hinges on meticulous preparation long before a formal exit process begins. By: Ankura

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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.

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Off-Cycle Private Equity Recruiting: How to Prepare for the Slow Grind to the Finish Line

Mergers and Inquisitions

While on-cycle PE recruiting keeps moving up, to the point where you must attend a target elementary school, middle school, and high school to be competitive, off-cycle private equity recruiting remains a viable option for everyone else. Off-Cycle Private Equity Recruiting, Part 1: Who Should Care? Europe and the U.K.