JD Supra: Mergers

JANUARY 22, 2025

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

Sale Private Equity Funds Portfolio 165

JD Supra: Mergers

JUNE 18, 2024

Section 23A and Super 23A can create additional complications for lenders in the fund finance market. By: Mayer Brown

Finance 177

Finance Finance Funds Financial Institution 177

JD Supra: Mergers

JUNE 21, 2024

Join us for this episode of Financial Services Focus, where Lauren Pryor, Eric Edwardson, Haukur Gudmundsson and Krista Cooley dive into considerations for MSR (Mortgage Servicing Rights) fund investments and outline the complexities of MSR fund investments, touching on market structures, licensing requirements, and acquisition strategies.

Funds 171

Funds Investment Financial Services Trading 171

JD Supra: Mergers

FEBRUARY 19, 2025

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

Private Equity 177

Private Equity Healthcare Equities Funds 177

JD Supra: Mergers

JANUARY 5, 2024

The year 2023 presented the fund finance industry with many challenges that it rose to face with an inventiveness and rigour that showed just how mature and multi-faceted the market has become.

Finance 201

Finance Finance Funds IT 201

JD Supra: Mergers

MARCH 10, 2025

The 2025 Fund Finance conference in Miami convened industry leaders, innovators, and experts to explore the latest trends and challenges in the rapidly evolving world of fund finance.

Finance 165

Finance Finance Funds 165

JD Supra: Mergers

SEPTEMBER 26, 2023

On September 21, 2023, the Federal Trade Commission (FTC) filed a groundbreaking complaint in federal court against PE fund Welsh Carson and its portfolio company, U.S. Anesthesia Partners (USAP), making good on its promise to ramp up enforcement against PE funds and roll-up acquisitions. By: Allen & Overy LLP

Portfolio 188

Portfolio Funds Acquisitions IT 188

JD Supra: Mergers

DECEMBER 12, 2024

EXECUTIVE SUMMARY - In this Legal Update, we provide suggestions for junior finance professionals new to the fund finance market and offer practical suggestions for beginning their careers with a solid foundation. By: Mayer Brown

Finance 171

Finance Finance Funds 171

JD Supra: Mergers

MAY 22, 2024

Over the last 10 years, continuation funds have evolved to be a well-established potential exit route for private fund sponsors. According to advisory estimates, some $40 billion deals were completed in 2023, with more than $150 billion worth of transactions in the market in total. By: Skadden, Arps, Slate, Meagher & Flom LLP

Funds 165

Funds Advisory 165

JD Supra: Mergers

MAY 13, 2024

As ever, the event brought together a wide range of market participants from across the industry, providing a unique opportunity to network and learn more about the many exciting developments taking place in fund finance. By: Cadwalader, Wickersham & Taft LLP

Finance 188

Finance Finance Funds 188

TechCrunch: M&A

JANUARY 13, 2025

Clearwater, which says it has obtained an $800 million loan to fund the transaction, along with a $200 million revolving line of […] 2024 TechCrunch. All rights reserved. For personal use only.

Investment Manager 230

Investment Manager Management Investment Asset Management 230

JD Supra: Mergers

MARCH 22, 2024

In order to harmonize the regulatory framework governing the European fund market, the European Commission has revised the existing Alternative Investment Fund Manager Directive – Directive 2011/61/EU (the "AIFMD"), with the introduction of the Alternative Investment Fund Manager Directive II ("AIFMD II"). By: Mayer Brown

Funds 183

Funds Management Government Investment 183

JD Supra: Mergers

FEBRUARY 12, 2024

To address the limitations of the current temporary marketing permission regime (“TMPR”), which permits EEA funds marketed in the UK before Brexit to continue to access the UK market, the UK government introduced the overseas funds regime (“OFR”). By: Cadwalader, Wickersham & Taft LLP

Government 177

Government Funds Retail Investors 177

JD Supra: Mergers

FEBRUARY 16, 2024

Luxembourg and the Cayman Islands are two of the world’s leading fund formation jurisdictions, and account for a large portion of the private equity funds domicile market. Most private equity fund structures are comprised of entities from a multitude of different jurisdictions, often including both Luxembourg and Cayman Islands funds.

Private Equity 197

Private Equity Funds Finance Finance 197

JD Supra: Mergers

APRIL 16, 2025

In todays episode, we discuss financial challenges facing many colleges and universities, such as declining enrollment, decreased funding, and restrictions that are associated with tax-exempt financing. We consider the tax and legal implications of a merger. By: Ballard Spahr LLP

Education 177

Education Finance Finance Business 177

JD Supra: Mergers

JANUARY 10, 2025

Welcome to the October - December 2024 issue of our Irish Quarterly Legal and Regulatory Developments report for asset management and investment funds. By: Walkers

Asset Management 177

Asset Management Funds Management Investment 177

JD Supra: Mergers

SEPTEMBER 5, 2024

AB 3129 would establish a mandatory approval process for a broad range of healthcare-related transactions involving private equity funds and hedge funds, giving the California Attorney General (“CA AG”) broad authority to block or impose restrictions on transactions to protect public interest. By: Goodwin

Private Equity 177

Private Equity Healthcare Funds Equities 177

JD Supra: Mergers

DECEMBER 19, 2024

In our recent alert Loan Origination Under AIFMD2: A Guideon loan origination under the revised Alternative Investment Fund Managers Directive (AIFMD2), we noted that the European Securities and Markets Authority (ESMA) would consult on further measures required to implement AIFMD2. By: Goodwin

Funds 159

Funds Consulting Investment Management 159

JD Supra: Mergers

NOVEMBER 5, 2024

In the ever-evolving world of corporate finance, one trend that has been gaining significant momentum is the increased issuance of convertible debt by Chinese issuers. Over the past few months, Chinese technology companies including JD.com, Lenovo, Alibaba and Trip.com have collectively issued convertible bonds totalling US$10.5

Debt 177

Debt Corporate Finance Funds Finance 177

JD Supra: Mergers

DECEMBER 21, 2023

It is especially relevant for renewable energy project developers, energy transition private equity funds and sustainable infrastructure funds due to the fact that renewable energy developers often have a complex. By: McDermott Will & Emery

Private Equity 171

Private Equity Funds Corporation Equities 171

JD Supra: Mergers

FEBRUARY 11, 2025

Access to liquidity was a central theme of 2024 in the European fund finance market. Whilst macro-economic factors suppressed demand for subscription lines, alternatives such as NAV, GP and back-leverage facilities kept many of us occupied throughout the year. By: Walkers

Finance 165

Finance Finance Funds Economics 165

JD Supra: Mergers

OCTOBER 22, 2024

Search Funds should consider the availability of the tax benefits of Section 1202 in connection with their acquisitions. This Holland & Knight alert offers an overview of Section 1202 benefits in the Search Fund context and. The upside, if properly structured, can be significant. By: Holland & Knight LLP

Funds 165

Funds Business Stock Corporation 165

JD Supra: Mergers

JANUARY 10, 2025

Although transfers by investors of their interests in a fund have always been a feature of subscription / capital call facilities, as of late, there has been a palpable uptick in investor transfers and this trend is set to continue, due to a multitude of factors. By: Cadwalader, Wickersham & Taft LLP

Investors 177

Investors Funds Finance Finance 177

JD Supra: Mergers

SEPTEMBER 20, 2024

The Pine Cliffs Resort hosted the FFA’s 2024 Global Leadership Summit this week where key players and leaders from across the industry gathered to discuss macroeconomic, geopolitical, policy, legal, regulatory and other matters affecting the fund finance market and related capital markets. By: DLA Piper

Finance 165

Finance Finance Funds Capital Market 165

JD Supra: Mergers

JANUARY 8, 2024

banking regulators published a request for comment covering a proposed revision to the call report forms and process that would mandate more granular disclosure on loans made to private equity funds. That’s one possible question after U.S. By: Cadwalader, Wickersham & Taft LLP

Funds 183

Funds Private Equity Finance Finance 183

JD Supra: Mergers

JANUARY 9, 2025

Key Points - Sovereign-related investors, more commonly referred to as sovereign wealth funds, have increasingly made the Middle East a global center of wealth and investment. By: Skadden, Arps, Slate, Meagher & Flom LLP

Funds 171

Funds Business Investors Investment 171

JD Supra: Mergers

APRIL 12, 2024

Proskauer’s Hedge Fund Trading Guide offers a concise, easy-to-read overview of the trading issues and questions we commonly encounter when advising hedge funds and their managers. By: Proskauer - Regulatory & Compliance

Trading 171

Trading Funds Investment Management 171

JD Supra: Mergers

JANUARY 9, 2025

Launching a private equity fund is an exciting yet daunting endeavor; and a General Partner (GP) Advisory Board can be a critical asset in navigating the complexities. Thoughtfully designing and engaging a GP Advisory Board strengthens a private equity firms capabilities by adding external expertise to the firms internal resources.

Private Equity 165

Private Equity Advisory Equities Funds 165

TechCrunch: M&A

OCTOBER 5, 2023

Eldridge Capital and 3L Capital co-led the tranche with participation from BDT & MSD Partners’ affiliated credit funds, Vista Credit Partners, Temasek, Slow Ventures and Assembly […] AI-powered parking platform Metropolis today announced that it raised $1.7

Debt 337

Debt Funds Capital Equities 337

JD Supra: Mergers

SEPTEMBER 3, 2024

Last month, I commented on the "weird" definition of "hedge fund" in AB 3129 (Wood). On the last day of the current session, the legislature passed the bill. It is now on Governor Newsom's desk. By: Allen Matkins

Funds 171

Funds IT 171

JD Supra: Mergers

SEPTEMBER 5, 2024

Singapore’s status as a leading financial centre in Asia and regional hub for commodity trading, shipping, and increasingly, private capital activity has been cemented over the years, especially in the past decade. By: A&O Shearman

Investment 272

Investment Funds Capital Trading 272

JD Supra: Mergers

OCTOBER 11, 2024

Renovus Capital Partners has announced it has closed its fourth private equity fund. By: McGuireWoods LLP

Funds 130

Funds Private Equity Equities Capital 130

JD Supra: Mergers

APRIL 18, 2024

In a decision that may cause controlled companies to revisit existing stockholders agreements, the Delaware Court of Chancery in West Palm Beach Firefighters’ Pension Fund v. Moelis & Co. found certain terms in Moelis & Co.’s s stockholders. By: Cadwalader, Wickersham & Taft LLP

Funds 171

Funds Corporation 171

JD Supra: Mergers

MARCH 5, 2025

On February 6, 2025, the Illinois state legislature introduced Senate Bill (SB) 1998, aiming to implement an additional layer of scrutiny to covered transactions that are financed by private equity groups or hedge funds. The bill is pending with the Senate Assignments Committee. By: McDermott Will & Emery

Funds 159

Funds Private Equity Healthcare Finance 159

JD Supra: Mergers

JUNE 24, 2024

public corporation if the repurchase is made or funded by certain U.S. This tax generally applies to the repurchase of stock of a public U.S. corporation (or its affiliates) and stock of a non-U.S. affiliates of the non-U.S. public corporation. By: Davies Ward Phillips & Vineberg LLP

Stock 165

Stock Funds Corporation IT 165

JD Supra: Mergers

JANUARY 31, 2025

and certain of its investment advisors and funds (collectively, KKR) systematically flouted the [notification and reporting] requirements of the Hart-Scott-Rodino Act (HSR Act or Act) by: (1) failing to make an HSR filing for two transactions; (2) altering documents in HSR filings for eight transactions; and (3) systematically omitting required.

Corporation 165

Corporation Funds Investment IT 165

The New York Times: Banking

OCTOBER 3, 2024

Brazil is proposing a fund that would pay countries to protect tropical forests that are crucial to curbing climate change. It would generate returns, too.

Funds 143

Funds IT Financial Institution Stock 143