This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In its first application of the policy on voluntary self-disclosures (“VSDs”) in connection with mergers and acquisitions (“M&A”), on June 16, 2025, the US Department of Justice’s (“DOJ”) National Security Division (“NSD”) announced that it had declined to prosecute a US privateequity firm after it voluntarily disclosed criminal violations of (..)
Last fall, privateequity 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
The DOJ declined to prosecute a privateequity 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.
privateequity 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.
In this episode of "Counsel That Cares," Arjan Peters from Capstone moderates a conversation with his colleague Grace Totman, Holland & Knight healthcare attorney John Saran and Association for Responsible Healthcare Investment CEO Regan Parker about the evolving landscape of privateequity investments in healthcare.
The US Department of Justice (DOJ) announced that it has formally declined to prosecute privateequity firm White Deer Management LLC (White Deer) and certain of its affiliates in connection with criminal violations of US sanctions and export laws committed by Unicat Catalyst Technologies LLC (Unicat), a company White Deer acquired in 2021.
Attorney’s Office for the Southern District of Texas, announced that they would not prosecute White Deer Management LLC (“White Deer”), a Texas‑based privateequity firm, in connection with sanctions and export control violations committed by Unicat Catalyst Technologies LLC (“Unicat”), a portfolio company it had acquired in 2020.
the minority unitholders of CityMD brought claims against Warburg Pincus, the privateequity majority owner of CityMD, and other defendants, alleging, among other claims, breach of good faith and fair dealing in connection with the negotiation and consummation of. In Kahn, et al. Warburg Pincus, et al.,
The regulators allege that the merger is anticompetitive, violating Section 7 of the Clayton Act and Section 5 of the FTC Act. Illinois Attorney General (AG) Kwame Raoul and Minnesota AG Keith Ellison have joined the Federal Trade Commission (FTC) in a lawsuit to block the acquisition of Surmodics Inc. By: Troutman Pepper Locke
As of mid-2025, privateequity (PE) investors remain intensely interested in health care services and technology companies despite higher borrowing costs, heightened regulatory scrutiny, and an increasingly complex state review landscape. By: ArentFox Schiff
Privateequity (PE) is capitalizing on the opportunities this creates with massive investments. Data centers and the digital infrastructure that supports them have become the modern-day picks-and-shovels of the artificial intelligence (AI) revolution. In 2024, PE-backed data center M&A reached C$18.15
All indications appear to point toward a robust market for health care mergers and acquisitions (M&A) in the coming year. Inflation finally appears to be easing. With that, we may continue to see interest rate cuts from the Federal Reserve.
California legislative activity focused upon privateequity group and hedge fund health care transactions continues notwithstanding California Governor Gavin Newsoms veto last fall of California Assembly Bill 3129 (AB-3129).
The Strategic Imperative of Early Exit Planning - In the high-stakes world of privateequity, 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
These include the likelihood of a more merger friendly regulatory environment in the United States for cross-border transactions, lower inflation, stabilized interest rates, a continued surplus of institutional capital and the necessity of privateequity groups to effect exits.
Member Jen Rubin is joined by Associate Tom Pagliarini to discuss the strategic use of restrictive covenants in privateequity transactions. Privateequity and the role of restrictive covenants 3. Together, Jen and Tom explore: 1. Understanding restrictive covenants and their common forms 2.
billion in 2024, despite a muted dealmaking environment and investor liquidity constraints (Trends Shaping the PrivateEquity Co-Investment Landscape - Chronograph). Co-investment activity has increased fivefold over the past two decades, hitting a record $33.2 The advantages for both GPs and LPs are clear. By: Ropes & Gray LLP
International transactions, such as privateequity deals, mergers and acquisitions, and financing arrangements, frequently leverage Luxembourg entities as holding companies or joint ventures.
Ann Chen, deputy chair of the firm’s Capital Markets & Corporate department, provides an insider perspective on the crossroads of corporate law and entertainment, particularly in the music catalog space. By: Loeb & Loeb LLP
Ropes & Gray attended the SuperReturn International conference in Berlin last week, which attracted over 5,500 decision makers from the private markets industry who came together to share their outlook for 2025 and beyond. By: Ropes & Gray LLP
Department of Justice’s (DOJ’s or Department’s) National Security Division (NSD or Division) announced they had declined to prosecute the privateequity firm White Deer Management LLC for violations of U.S. This marks the first declination by the DOJ since the Department released its Merger and Acquisitions Policy in March 2024.
In June 2025, the US Department of Justice (DOJ) announced that it declined to prosecute a privateequity firm and its affiliates following the firm’s voluntary self-disclosure of criminal violations of US sanctions and export laws committed by a company it acquired. By: McDermott Will & Emery
Sluggish M&A and IPO markets have put the brakes on privateequity 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 privateequity firms have a large backlog of unsold portfolio companies sitting on their books, and the (..)
A privateequity (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.
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 privateequity recruiting remains a viable option for everyone else. Off-Cycle PrivateEquity Recruiting, Part 1: Who Should Care? Europe and the U.K.
This creates opportunities for privateequity and venture capital investors, who are increasingly active in the defense. They are increasingly turning to investment in small and medium-sized businesses — including startups — to drive rapid technological advances, rather than relying exclusively on large, established defense firms.
This report draws insights from Troutman Pepper Locke attorneys and leading industry specialists to highlight the privateequity investment trends currently reshaping the sector. Top five privateequity investment trends in U.S. energy: 1.
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 privateequity 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.
In a landmark decision with far-reaching implications for privateequity-backed ventures and minority investors in Delaware limited liability companies, the Delaware Court of Chancery dismissed a lawsuit brought by former minority unitholders of urgent care provider CityMD. The case, Faiz Khan and Ralph Finger v.
Increased capital gains taxes can have a far-reaching impact on the business landscape, with ripple effects extending to various sectors, including privateequity and venture capital (PE/VC) investments in mergers and acquisitions (M&A).
Under the old guard of the prior administration, privateequity was repeatedly under fire for alleged “flip and strip” tactics that were supposedly “at odds with competition.” Now, with new enforcers in place, a different landscape appears to be taking shape.
As private companies grow, they need to secure capital to support their efforts to provide more (and/or better) products and services to their clients. The need for emerging companies to obtain growth capital often leads the majority owner to consider accepting an investment in the business by a privateequity (PE) firm.
For privateequity and other similar investors, change is critical to value creation strategy. In all companies, positive change creates enterprise value. For these investors, change is also measured by the speed to benefit realization. By accelerating change, investors improve their Internal Rate of Return (IRR).
Hayes, partner at Hutchison PLLC, walk through the full journey of Element451from first investment to strategic acquisition by privateequity firm PSG. In a special live episode of the Founder Shares podcast, recorded at Raleigh-Durham Startup Week, Tim McLoughlin, managing partner of CoFounders Capital, and Joshua M.
SB 951 significantly limits the ability of management services organizations (“MSOs”) and professional medical entities to engage in the traditional structures of privateequity transactions. On June 9, 2025, Oregon enacted Senate Bill (“SB 951”). By: Benesch
Last year, the Department of Justice (DOJ) National Security Division (NSD) updated its Enforcement Policy for Business Organizations to include guidance related to voluntary self-disclosures in connection with acquisitions.
His career transitioned into investment banking and fractional CFO services, where he developed significant expertise in mergers and acquisitions, particularly roll-ups. This episode is a goldmine for anyone interested in understanding the intricate strategies that privateequity employs to rapidly grow companies through acquisitions.
Jersey and Guernsey (collectively, the "Channel Islands") remain popular for both privateequity buyout structures of UK and international corporate groups across various industries and asset classes, and for leverage structures to maximise existing investments and facilitate general corporate borrowing.
But as dealmakers increasingly look to scale through smaller acquisitions—especially in privateequity—traditional RWI has struggled to keep pace. The US representations and warranties insurance (RWI) market has long been a fixture in M&A transactions, particularly in the mid- and large-cap space.
Despite Skepticism of PrivateEquity, Interest Remains Unsurprisingly, some physicians expressed skepticism about privateequity investment in orthopedic practices and ancillary services. During a spirited discussion with various stakeholders in the orthopedics industry, they noted the following key takeaways: 1.
Jordan Wagner's Multi-Million Dollar Deal Secrets EXPOSED - Watch Here About the Guest(s): Jordan Wagner is the CEO and founder of the Exit Group, a firm specializing in assisting privateequity firms and large corporations in acquiring businesses.
On June 16, 2025, the Department of Justice (DOJ) National Security Division (NSD) announced that it declined to charge privateequity firm White Deer Management LLC (“White Deer”) and its affiliates after the company voluntarily disclosed potential export-related violations involving the former executive of a company it acquired, Texas-based Unicat (..)
In a typical bull market, privateequity sponsors exit out of portfolio assets through IPOs, strategic sales and sponsor-to-sponsor buyouts. But the 2025 deal market has proven to be neither typical nor robust. By: Farrell Fritz, P.C.
Deal with US privateequity firm will end two years of uncertainty over future of titles A consortium led by the US privateequity company RedBird Capital has agreed to buy the Telegraph for 500m, bringing an end to two years of uncertainty over the future ownership of the titles.
We organize all of the trending information in your field so you don't have to. Join 38,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content