We are frequently asked about the differences between a traditional private equity fund, a search fund and a fundless sponsor.
Many investors are familiar with the traditional private equity model in which a fund raises a pool of committed private
Corporate Deal Source
Critical Transactional Insights for Deal-Makers
Corporate Deal Source, published by McDermott Will & Emery, focuses on legal developments and analysis related to corporate transactions and dealmaking. The blog covers topics such as mergers and acquisitions, joint ventures, antitrust considerations in corporate deals, regulatory compliance including pre-merger notifications, and enforcement trends affecting divestiture packages. It also addresses issues in private equity, corporate restructuring, and the impact of government policies on corporate transactions. The content includes case law updates, regulatory guidance, and strategic insights relevant to corporate lawyers, dealmakers, and compliance professionals.
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Inside M&A – Fall Issue
McDermott recently released the Fall 2013 issue of Inside M&A, which focuses on current issues surrounding mergers and acquisitions. Articles in this issue include:
M&A Corporate Governance: Oversight of the Board’s Financial Advisors
Recent Delaware Court of Chancery decisions highlight…
An Alternative to M&A – Pre-Sale Joint Venture As First Step of a Staged Sale
At times when funding may not be available or general economic uncertainty may otherwise preclude a M&A transaction from being completed, it is worth contemplating a pre-sale joint venture as a viable alternative. The advantages are clear. For the ultimate…
High Growth Segment
Fast-growing companies, particularly technology companies, have been looking to the US public markets rather than those in the UK for equity financing. In fact, there have been no initial public offerings of European technology companies on the main market of…
Caveat Emptor: Successor Liability for FLSA Claims
One of the primary advantages to acquiring businesses through asset sales as opposed to stock sales is the buyer’s ability to avoid successor liability. There are exceptions to this rule in most states, including: (i) impliedly or expressly assuming the…
Illinois Appellate Court Decision Requires More Than At-Will Employment As Consideration For Non-Compete Agreements
On June 24, 2013, the Appellate Court of Illinois (First District) issued a decision in Fifield v. Premier Dealer Servs., 2013 IL App (1st) 120327, that will make it more difficult for Illinois employers to enforce post-employment non-compete agreements against…
AIFMD: More Than Just a Box Ticking Exercise
By Mark Davis
As you will no doubt be aware, the alternative investment fund industry is experiencing a serious shakedown in the European Union. The Alternative Investment Fund Managers Directive (AIFMD) comes into effect on July 22, 2013. It seeks to harmonize the…
Recurring Issues in African M&A
Economic growth in sub-Saharan Africa continues at a pace that is impressive in comparison with global averages. While the more mature markets in the United States and Europe continue to struggle with the consequences of the financial crisis of 2008,…
The French Legal Framework Relating to Profit-Sharing Premiums
The French legal system provides a variety of ways to secure the involvement of employees in the growth and profits of their company, including compulsory deferred profit-sharing plans (accords de participation), optional voluntary cash-based profit-sharing plans (intéressement), and other similar…
Persons Deemed Managing Directors in Fact in Germany Have Fiduciary Duties Under German Law
Corporate Deal Source is pleased to present the first of many blog posts with an international flavor. Today’s post discusses a German Supreme Court decision that recently altered the fiduciary duty landscape for a GmbH (i.e., a German limited liability…