The Deal

As telecoms continue to spool out fiber, preferred equity and other forms of structured capital are being used to sidestep some issues around valuations in a challenging market, Chris Nolter says. See what Jason Hill of Houlihan Lokey told him: https://lnkd.in/eBY6Hysy #PrivateEquity #telecom

Listen to the latest Drinks With The Deal #podcast with David Marcus, where Kirkland & Ellis partner Edward J. Lee discusses his pride in helping take media and technology company WEBTOON public and how the legal industry has evolved over his career. https://lnkd.in/eRa2KpAJ

Read David Marcus' Deal Diary for all the advisers on BlackRock's $3.2 billion acquisition of Preqin. Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates' Richard Youle is counsel to BlackRock, and Macfarlanes' Howard Corney represents Preqin. https://lnkd.in/ewXUkcfw

See David Marcus' Deal Diary for all the advisers on Boeing's $8.3 billion reacquisition of Spirit AeroSystems. Sullivan & Cromwell LLP's H. Rodgin Cohen represents Boeing, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates' Shilpi Gupta is counsel to Spirit, and Davis Polk & Wardwell LLP's William Aaronson reps Airbus on a side deal. https://lnkd.in/ecfi3WTg

The Supreme Court's ruling striking down nonconsensual third-party releases in Purdue Pharma L.P.'s Chapter 11 plan has profound implications for the use of #bankruptcy to handle mass torts, both in the immediate future and in the long term, Conner Searfoss writes. See what George Singer of Holland & Hart LLP and Daniel Shamah of Cooley LLP told him: https://lnkd.in/eX-DDRBq

Read David Marcus' Deal Diary for all the advisers on Infinera's $2.3 billion sale to Nokia. Wilson Sonsini Goodrich & Rosati's Douglas Schnell represents Infinera, and Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates' Denis Klimentchenko is counsel to Nokia. https://lnkd.in/eZ9bwiY9

See David Marcus' Deal Diary for all the advisers on #PrivateEquity-backed XCL Resources' $2.54 billion sale of Uinta Basin assets to SM Energy Company and NOG - Northern Oil & Gas, Inc. (NYSE: NOG). Vinson & Elkins' Bryan Loocke is counsel to XCL, and Kirkland & Ellis' David Castro Jr. represents SM Energy. https://lnkd.in/dmRGuJtf

Listen to the latest Activist Investing Today #podcast with Ronald Orol, where Forward Risk co-founder Brendan M. F. dismisses assertions that business intelligence advisers to activists are knocking on doors in an aggressive way. #activism https://lnkd.in/eieztXzp

Tax receivable agreements, a structure commonly used by #PrivateEquity firms to take portfolio companies public, have become a target for plaintiffs lawyers in the Delaware Court of Chancery, David Marcus writes. https://lnkd.in/eVjWv8V2

The Delaware legislature has approved legislation changing how Delaware-incorporated companies are governed, and academics are at odds over whether the expected provisions will give insurgent investors more power when striking cooperation agreements, Ronald Orol writes. #activism https://lnkd.in/e4pwmnws