On July 25, 2024, the Institutional Limited Partners Association released new guidance on the use of net asset value (NAV) facilities by private equity funds. Partners Cameron Roper and Paul Tannenbaum explore the specific concerns ILPA raises and discuss the practical steps fund managers can take to address these concerns, including ensuring appropriate legal safeguards and maintaining proactive communication with LPs. Read the full alert here: https://lnkd.in/eZFvFuab #Proskauer #fundfinance #privatefunds #privatecapital
Proskauer Rose LLP
Law Practice
New York, New York 37,626 followers
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About us
We are 800+ lawyers serving clients from offices located in the leading financial and business centers in the Americas, Europe and Asia. The world’s leading organizations, companies and corporations choose us to be their representatives in their most critical situations. But more, they consider Proskauer a strategic partner to drive their business forward. We work with asset managers, major sports leagues, Fortune 500 companies, entertainment industry legends and other industry-redefining companies. We are entrepreneurial, inclusive, and committed to making a difference for good. Attorney Advertising. Prior results do not guarantee a similar outcome.
- Website
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http://www.proskauer.com
External link for Proskauer Rose LLP
- Industry
- Law Practice
- Company size
- 1,001-5,000 employees
- Headquarters
- New York, New York
- Type
- Partnership
- Founded
- 1875
Locations
Employees at Proskauer Rose LLP
Updates
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Ambienta Credit has successfully completed the debt refinancing of Sportscape Group, a portfolio company of Bridgepoint Development Capital and BD-Capital. Sportscape, Europe’s foremost off-price, members-only sports and outdoor e-commerce specialist, serves an impressive 24 million members. Proskauer's private credit team, led by partner Daniel Hendon and supported by associates Phil Anscombe and Matthew Winston, advised Ambienta, ensuring a seamless and strategic refinancing. https://lnkd.in/ejHaP5Me #Proskauer #privatecredit #debt #refinancing
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In a significant cross-border transaction, DARAG Group has sold its North American and Bermuda business to the RiverStone Group. This transaction streamlines DARAG’s operations, allowing the Group to focus on its core European business and brings additional capital to execute its strong pipeline of European transactions, several of which are in advanced stages of negotiation. The global team was led by Bruce Raphael and Andrew Wingfield and included Jack Morant, Francie Kelley, Martin T. Hamilton and Carrie Slaton. https://lnkd.in/eSWP4-vn #Proskauer #privatecapital #mergersandacquisitions #insurance
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Congratulations to our partners Susan Gutierrez, Rachel Philion, Lee Popkin, and Jeff Warshafsky for earning spots on Benchmark Litigation’s 40 and Under List for 2024! Discover what sets our talented lawyers apart: https://lnkd.in/eXguqpJ3 #Proskauer #WorkWithTheBest #risingstar #litigation #litigator #laborandemployment
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Explore the evolution of unitranche financing in 2024. Private Credit partner Michelle Iodice examines the recent surge in jumbo unitranche deals, the rise of the super-senior revolver, and the future of these structures in the private credit and syndicated loan markets for Law360. Read the full analysis here: https://lnkd.in/eiQ_ZmrM Click here to learn more about Michelle: https://lnkd.in/e3MHS8wM #Proskauer #privatecredit #unitranchefinancing #privatecapital
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Congratulations to partner Anthony Oncidi, for being recognized as a Top Labor and Employment Lawyer of 2024 by the Daily Journal. With expertise across the spectrum of employment law, Tony stands out for his extensive litigation and counseling skills, strategic business insight, and mastery in handling complex cases. Please join us in congratulating Tony, who continues to solidify his position as a top labor and employment lawyer. https://lnkd.in/e4UcPTuX #Proskauer #EmploymentLaw
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Commercial agreements often include arbitration clauses, but what happens to those clauses if one of the parties seeks bankruptcy protection? At Arbitration Day 2024, organized by Costa Rican Young Arbitrators, Associate Jorge Arturo González will tackle key legal questions at the intersection of arbitration and bankruptcy law. Click here to learn more bout the event: https://lnkd.in/gvncwhq Click here to learn more about Jorge: https://bit.ly/3LI2C2O #Proskauer #Arbitration #BankruptcyLaw
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As the UK Financial Conduct Authority continues its work in relation to the motor finance industry, Proskauer’s UK Regulatory team summarizes the regulator’s recent activity and next steps. Click here to learn more: https://lnkd.in/euXDfyr3 #Proskauer #FinancialRegulation #MotorFinance #DCAs #Complaints #ConsumerDuty
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Dependable Highway Express has successfully sold its less-than-truckload (“LTL”) division to Knight-Swift, one of the largest freight transportation companies in North America. While Dependable will continue to operate its full truckload, warehousing and distribution, harbor drayage, and third-party logistics businesses, the LTL division will be integrated into Knight-Swift's extensive network. The Proskauer team advising Dependable was led by partners Ben Orlanski and Mitch Gaswirth. #Proskauer #mergersandacquisitions
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Proskauer has advised Stellex Capital Management in its agreement to acquire McConway & Torley and Standard Forged Products from Arcosa, Inc. With a storied history since 1869, the Company produces cast, forged and machined products for rail and industrial customers. This acquisition, set to close in Q3, positions the Company to accelerate its growth trajectory and pursue organic and acquisitive growth opportunities. Congratulations to all involved! https://lnkd.in/e_d6RHyq #Proskauer #privatecapital #mergersandacquisitions
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