Kirkland

McDonald Hopkins wins case against TransUnion LLC, earns client $18.3 million jury verdict

Retrieved on: 
Monday, September 19, 2022
Kirkland, Software, Intellectual property, TransUnion, Face, Partnership, Endless, LLP, Ownership, Kirkland & Ellis, Insurance, Chairperson, District court, Pharmaceutical industry, The Endless River

TransUnion argued that Endless River was seeking "phantom damages" and that it was taking advantage of "TransUnion's mistake."

Key Points: 
  • TransUnion argued that Endless River was seeking "phantom damages" and that it was taking advantage of "TransUnion's mistake."
  • Endless River entered into an agreement with TransUnion in 2014 to build the software and bring the idea to market.
  • After just over an hour of deliberations, the jury returned a verdict that TransUnion's breach caused more than $18 million of damages to Endless River.
  • David CuparChair of McDonald Hopkins' Intellectual Property Departmentadded, "We are pleased that the jury saw the real harm TransUnion's actions had on Endless River."

Francisco Partners Makes Key Strategic Hires as Firm Invests in Growth

Retrieved on: 
Wednesday, September 14, 2022
Professional Services, Business, Other Professional Services, Finance, Asset Management, Banking, Personal Finance, Partner, Kirkland, Software, Engineering, Mount Holyoke College, United Nations Global Compact, Private equity, Data science, ESG, Francisco Partners, Ocimum tenuiflorum, Law, Seattle University School of Law, The Blackstone Group, Research, Cornell University, Georgetown University Law Center, Pennsylvania State University, Private credit, Nuveen, Business, The New School, CEO, Operations research, Technology, Â, Institute for Mergers, Acquisitions and Alliances, Mergers and acquisitions, University, Kirkland & Ellis, J. P. Morgan, UBS, Management, Deloitte, Social

Francisco Partners (FP), a leading global investment firm that specializes in partnering with technology businesses, today announced several key strategic hires.

Key Points: 
  • Francisco Partners (FP), a leading global investment firm that specializes in partnering with technology businesses, today announced several key strategic hires.
  • Francisco Partners has hired Jason Warner as a Managing Director and Head of Data Science.
  • These strategic hires will further improve our expertise in several key areas and we are thrilled they have all joined the firm.
  • Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses.

Houlihan Lokey Strengthens Transportation and Logistics Coverage Capabilities With Experienced New Hire

Retrieved on: 
Tuesday, September 13, 2022
Finance, Banking, Logistics, Supply Chain Management, Professional Services, Transport, Capstone Partners, Transport, Houlihan Lokey, Kirkland, NYSE, Lokey, Capstone, Harvard Law School, Wasserstein Perella & Co., Harbor, Industry, No, Intermodal transport, Houlihan, Donaldson, Lufkin & Jenrette, Stanford University, Kirkland & Ellis, UBS, Financial services, Management, Construction, Refinitiv

Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Burke Smith has joined the firm as a Managing Director in the Business Services Group, bolstering the firms sector coverage in transportation and logistics.

Key Points: 
  • Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Burke Smith has joined the firm as a Managing Director in the Business Services Group, bolstering the firms sector coverage in transportation and logistics.
  • Mr. Smith joins Houlihan Lokey with more than 25 years of industry experience, most recently holding the position of Managing Director and Head of Transportation and Logistics at Capstone Partners.
  • We are thrilled to welcome Burke to Houlihan Lokey, said Larry DeAngelo, Global Head of Houlihan Lokeys Business Services Group.
  • I look forward to partnering closely with Phil Keffer to strengthen the firms coverage in transportation and logistics as well as collaborating with the entirety of the Houlihan Lokey team, said Mr. Smith.

CIM Group Expands Investment in Renewable Natural Gas with Acquisition of MAS Energy’s RNG Development Platform

Retrieved on: 
Monday, September 12, 2022
Recycling, Environment, Oil, Gas, Sustainability, Alternative Energy, Green Technology, Energy, Carbon, Kirkland, CIM Group, California Department of Insurance, ESG, Entrepreneurship, LLC, American, Renewable Fuel Standard (United States), Acquisition, Climate change, COIN, Renewable natural gas, California Department, Public utility, Senate, Kirkland & Ellis, State, MAS, UNPRI, CIM, Renewable energy, RNG

CIM Group announced today that it has acquired 100% of the Renewable Natural Gas (RNG) development platform of MAS CanAm, LLC, an affiliate of MAS Energy, LLC (MAS Energy), a leading developer, owner and operator of landfill gas-based RNG in the U.S. and Canada, including a portfolio of seven projects currently under construction or in development.

Key Points: 
  • CIM Group announced today that it has acquired 100% of the Renewable Natural Gas (RNG) development platform of MAS CanAm, LLC, an affiliate of MAS Energy, LLC (MAS Energy), a leading developer, owner and operator of landfill gas-based RNG in the U.S. and Canada, including a portfolio of seven projects currently under construction or in development.
  • CIM Group plans to meaningfully grow the Terreva Renewables platform in North America and further establish it as a leading player in RNG.
  • CIM Groups acquisition of Terreva represents a marquee transaction in the RNG sector that came about as a result of our long-standing commitment to and experience in renewable energy, and our strong, established relationship with MAS Energy.
  • We continue to believe RNG is a crucial component of the global energy transition and are excited to contribute as a leader in decarbonization, said Avi Shemesh, Co-Founder and Principal, CIM Group.

PHILLIPS LYTLE LAUNCHES CHICAGO OFFICE WITH HIRING OF JOHN R. WORTH FROM KIRKLAND & ELLIS

Retrieved on: 
Thursday, September 8, 2022
University, Indiana University Maurer School of Law, Wabash College, Kirkland, Indiana Law Journal, Heart, Mass, Kirkland & Ellis, Organization, Phi Beta Kappa, FORTUNE, Corporate law, Coif, Chicago (franchise), Growth, Property management, Insurance

CHICAGO, Sept. 8, 2022 /PRNewswire/ -- Phillips Lytle LLP announced John R. Worth, a newly added partner with the firm, will lead its new Chicago office. He joins Phillips Lytle after more than 10 years as a partner at Kirkland & Ellis LLP. The trial attorney and commercial litigator's expanded role as Chicago office leader brings a new opportunity—growing a local team of talented attorneys to complement the support he'll have from Phillips Lytle's attorneys in other market locations.

Key Points: 
  • He joins Phillips Lytle after more than 10 years as a partner at Kirkland & Ellis LLP.
  • Experienced litigator to lead new Chicago office amid stretch of rapid growth across Phillips Lytle's market locations.
  • "I'm beyond excited to join Phillips Lytle and pursue this new opportunity to lead the firm's Chicago office," Mr. Worth said.
  • "John joins Phillips Lytle amid a recent stretch of rapid growth and hiring, creating a moment of opportunity when top talent collided with our appetite to expand into new markets," said Phillips Lytle Managing Partner Kevin M. Hogan.

Harmoni Towers Agrees to Acquire Parallel Infrastructure from Apollo's Second Flagship Infrastructure Fund

Retrieved on: 
Tuesday, August 30, 2022
Apollo, Partnership, CEO, NYSE, Partner (business rank), Communist Unity Group, Telecommunication, Apollo Global Management, Harmony Society, Kirkland, LLP, Solution, Sale, Ownership, Infrastructure, Weil, Gotshal & Manges, Kirkland & Ellis, Organization, Retirement, APO, Leadership, Communication, Founder, Ecosystem, Acquisition, Growth, Renewable energy, Mobile phone, Bank, Harmoni, Parallel

LITTLE ROCK, Ark., Aug. 30, 2022 /PRNewswire/ -- Harmoni Towers ("Harmoni"), a portfolio company of Palistar Capital LP ("Palistar"), an alternative asset manager focused on mission-critical communications infrastructure, today announced that it has agreed to acquire Parallel Infrastructure ("Parallel"), a leading tower platform and build-to-suit provider, from funds managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) ("Apollo"). Terms were not disclosed. The transaction is subject to customary closing conditions and is expected to be completed in the third quarter of 2022.

Key Points: 
  • In 2020, Apollo acquired Parallel through a corporate carve-out transaction via itssecond flagship infrastructure fund (AIOF II).
  • Harmoni is one of the most active tower builders in the U.S., with over 1,000 sites constructed or in development.
  • Harmoni owns, operates, and builds mission-critical communications infrastructure and is focused on the acquisition and construction of communication networks.
  • Harmoni Towers, a portfolio company of Palistar Capital LP , owns, operates, and builds mission-critical communications infrastructure.

PCF Insurance Appoints Kenton Walker to Vice President of Legal

Retrieved on: 
Thursday, August 25, 2022
Insurance, Adobe, Kenton, PCF, Kirkland, View, LLP, Life, Associate, Ownership, Culture, Juris Doctor, Broker, Kirkland & Ellis, Honours degree, Multimedia, Brigham Young University, ID, Adobe Inc., Risk management, Compliance, Acquisition, Growth, Health, Contract, Walker, Financial services, Management, LEHI, Law

LEHI, Utah, Aug. 25, 2022 /PRNewswire/ -- PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, announced today that Kenton Walker has been appointed to Vice President of Legal, effective immediately.

Key Points: 
  • LEHI, Utah, Aug. 25, 2022 /PRNewswire/ -- PCF Insurance Services (PCF), a top 20 U.S. insurance brokerage firm, announced today that Kenton Walker has been appointed to Vice President of Legal, effective immediately.
  • In this role, Walker will facilitate PCF's continued growth by partnering cross-functionally across the business to strategically mitigate legal risk, scale best practices, and build a culture of legal compliance.
  • Walker brings 15 years of experience in corporate legal counsel, risk management, business transformation, and M&A transaction oversight to the role.
  • Recognized as a top acquirer by The Hales Report, ranked #20 on Business Insurance's 2022 Top 100 Brokers and #13 on Insurance Journal's 2022 Top Property/Casualty Agencies, PCF Insurance is a notable leader in the insurance space.

Commercial Class Action Litigation Partner Mohamed Awan Joins Crowell & Moring

Retrieved on: 
Wednesday, August 17, 2022
Section 230, Industry, Public Citizen Litigation Group, Law, Policy, Class action, Crowell & Moring, Government, MENA, Fraud, District court, International law, Lawsuit, Communications Decency Act, University, Kirkland, Kirkland & Ellis, Property management, New American Leaders

WASHINGTON, Aug. 17, 2022 /PRNewswire/ -- Mohamed Awan joins Crowell & Moring as a partner in its Litigation and Mass Tort, Product, and Consumer Litigation groups, where he will provide clients with valuable experience in consumer class actions, complex commercial litigation, and financial services litigation. One of his areas of focus is defending companies in matters related to Section 230 of the Communications Decency Act of 1996, a federal law that shields companies against civil lawsuits for content posted on their platforms by a third party.

Key Points: 
  • Focuses on complex commercial and financial services litigation, as well as Section 230 cases
    WASHINGTON, Aug. 17, 2022 /PRNewswire/ -- Mohamed Awan joins Crowell & Moring as a partner in its Litigation and Mass Tort, Product, and Consumer Litigation groups, where he will provide clients with valuable experience in consumer class actions, complex commercial litigation, and financial services litigation.
  • Awan has significant experience litigating class action matters in federal courts around the country, including multiple warranty claim class actions for one of the leading automobile manufacturers in the United States.
  • Awan joins the firm from Honigman Miller Schwartz and Cohn LLP where he was a partner in the litigation practice.Prior to that, Awan was a corporate lawyer at Kirkland & Ellis in New York.
  • "Mohamed will be a true asset to Crowell clients, having background in both class action and financial services litigation," said April Ross , vice-chair of the Mass Tort, Product, and Consumer Litigation Group at Crowell & Moring.

Butterfly To Acquire QDOBA and Form Leading Fast Casual Restaurant Platform Through Merger with Modern Restaurant Concepts

Retrieved on: 
Tuesday, August 9, 2022
Food, Beverage, Retail, Kirkland & Ellis, Hand, King Street, Industry, IPad Air 2, Growth, YouTube, Agriculture, Environment, LLP, Department of Agriculture, Aquaculture and Fisheries (New Brunswick), Instagram, No, Twitter, Aquaculture, Morgan, Lewis & Bockius, TikTok, King Street Capital Management, Retirement, Deutsche Bank, Food, Specialization, App store, Kirkland, Ownership, MRC, Salad, Solution, Credit Suisse, Entrepreneurship, ITunes, Restaurant, Video game, Pharmaceutical industry, Financial services, Soft drink, Bank, Lemonade, Butterfly, Facebook

1 franchisor in the Mexican fast casual restaurant sector in North America, via a merger transaction with Modern Restaurant Concepts (MRC), an industry-leading better-for-you fast casual restaurant platform consisting of two brands: Modern Market Eatery (Modern Market) and Lemonade.

Key Points: 
  • 1 franchisor in the Mexican fast casual restaurant sector in North America, via a merger transaction with Modern Restaurant Concepts (MRC), an industry-leading better-for-you fast casual restaurant platform consisting of two brands: Modern Market Eatery (Modern Market) and Lemonade.
  • Known for its signature queso and hand-made guacamole, QDOBA has been voted best fast casual restaurant for four years in a row by USA TODAYs 10Best.
  • Upon closing of the merger transaction, the Modern Restaurant Concepts platform will comprise approximately 800 units touching nearly every U.S. state and the combined restaurants will employ nearly 18,000 systemwide.
  • Modern Restaurant Concepts is one of the largest fast casual restaurant platforms in North America with nearly 800 units across three brands, QDOBA, Modern Market Eatery and Lemonade.

Zelis to Acquire Healthcare Cost Control Innovator Payer Compass; Combined Assets to Deliver Advanced Claims Management Solutions

Retrieved on: 
Monday, August 1, 2022
Payments, Health, Technology, Practice Management, Health Insurance, Software, General Health, LLP, CEO, Solution, Spectrum Equity, Multimedia, News, TPA, Kirkland, Technology, LinkedIn, Latham & Watkins, Software as a service, LLC, BCBS, Kirkland & Ellis, Triple Tree, Health insurance, Želiezovce

Payer Compass has helped organizations control the cost of care by combining its multi-faceted pricing platform Visium with an emphasis on client success.

Key Points: 
  • Payer Compass has helped organizations control the cost of care by combining its multi-faceted pricing platform Visium with an emphasis on client success.
  • Together, Zelis and Payer Compass will leverage advanced technology and best-of-breed approaches to create reference-based pricing solutions to manage rising healthcare claims cost for clients and their members.
  • Combining Payer Compass innovative platform with our existing network solutions and payment integrity offerings will do just that, said Amanda Eisel, CEO of Zelis.
  • Jay Deady, President of Claims Cost Solutions at Zelis, added, Healthcare costs continue to increase without an end in sight.