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 163
article thumbnail

District of Delaware Dismisses Securities Fraud Action By Investment Firm Against A Racing Game Developer And Publisher Related To Sale Of Former Portfolio Video Game Company

JD Supra: Mergers

By: A&O Shearman

Portfolio 169
Insiders

Sign Up for our Newsletter

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

article thumbnail

BTIG appoints new head of Americas portfolio trading and director for electronic trading sales

The TRADE

BTIG has made two key appointments including promoting Troy Donohue to head of Americas portfolio trading and hiring Henri Taylor as director within electronic trading sales. Elsewhere, Taylor brings over 20 years’ experience in electronic trading sales to the firm.

article thumbnail

Sale of UK assets to world’s largest money manager means huge payday for bankers

The Guardian: Mergers & Acquisitions

Global Infrastructure Partners, whose portfolio includes Gatwick, sold to BlackRock in $12.5bn deal From the humble luggage tray to filters that mask smells at sewage plants, the sale of some of Britain’s most pedestrian assets to the world’s largest money manager is to bring a multimillion-dollar payday to a small clutch of little-known bankers.

Sale 110
article thumbnail

Secondary Buyouts on the Rise – Will it Last?

JD Supra: Mergers

According to recent coverage from PitchBook, secondary buyouts are making up a larger share of private equity exits as firms look to speed up sales of portfolio companies. In a time when exit strategies have pivoted, and options might be more limited, it is no surprise that secondary buyouts have rebounded.

article thumbnail

KKR leads acquisition of $7.2bn portfolio of prime RV loans from BMO

PE Hub

Concurrently with the sale, BMO purchased approximately $6.4 The post KKR leads acquisition of $7.2bn portfolio of prime RV loans from BMO appeared first on PE Hub. billion of senior notes collateralized by the sold loans.

article thumbnail

Ripple acquires crypto custody startup Metaco for $250 million

TechCrunch: M&A

Securities and Exchange Commission due to the nature of XRP token sales. billion from sales of the XRP token. 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. In 2020, Ripple and its team faced a lawsuit from the U.S.

Sale 256