Credit: Lemonsoup14/Adobe Stock Deal Watch: Big Week for Private Equity, Private Credit and Kirkland
Of seven announced deals in the past week that were worth more than $1 billion, four were private equity-driven, and two were driven by private lenders.
October 16, 2024 at 10:47 AM
9 minute read
What You Need to Know
- Kirkland had a big week and private credit lands big deals.
It was another strong week in announced mergers and acquisitions and other deal activity, but that is becoming the norm in 2024. While a variety of Am Law 100 firms have led recent big deals, Kirkland & Ellis in particular had a strong week, working on at least four of seven announced deals valued at more than $1 billion.
Of the seven deals, four were private equity-driven, and two were driven by private lenders (Cresset Asset Management and Blue Owl Capital), amid an increasing presence of private lenders in the nonmiddle market space.
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- Wachtell, Lipton, Rosen & Katz
- White & Case
- Wilmer Cutler Pickering Hale and Dorr LLP
- Arthur Cox
- Brownstein Hyatt Farber Schreck, LLP
- Carter Ledyard Milburn
- Ellenoff Grossman And Schole Llp
- DeHeng Law Offices
- Cahill Gordon & Reindel
- Davis Polk & Wardwell
- Gibson, Dunn & Crutcher
- Kirkland & Ellis
- Morgan, Lewis & Bockius
- Milbank LLP
- Paul, Weiss, Rifkind, Warton & Garrison
- Paul Hastings
- Harneys
- Latham & Watkins
- Linklaters
- Norton Rose Fulbright
- Ogier
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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