The Week at Ropes & Gray: Acquisitions for TPG and CCMP; M&A Head Talks Deal Trends on Bloomberg TV; Pro Bono Hot List; Recapping the ICI Conference
Weekly highlights of what’s happening at Ropes & Gray:
- In a busy week for private equity deals, a Ropes & Gray team led by partner Michael Roh advised TPG as it completed its acquisition of a majority interest in McAfee. The transaction, which was announced in November 2016 and valued at $4.2 billion, creates one of the world’s largest pure-play cybersecurity firms. Earlier in the week, New York-based partners David Blittner and Garrett Charon led a team representing CCMP Capital Advisors in its acquisition of Truck Hero, a leading provider of aftermarket accessories for pickup trucks and Jeeps.
- The National Law Journal honored Ropes & Gray on its 2017 Pro Bono Hot List, recognizing the firm for winning a motion for a new trial for George Perrot, who had been wrongfully imprisoned for 30 years. The firm secured Mr. Perrot’s release in 2016 using the FBI’s admission that its forensic expert provided flawed hair analysis testimony in his two criminal trials. Mr. Perrot’s case represents the first time a court has granted a new trial based on the FBI’s admitted errors in its hair comparison analysis at trial without also having DNA analysis to corroborate the exoneration.
- Finally, the 2017 ICI Mutual Funds and Investment Management Conference, an annual milestone for the industry, covers topics trending across the financial services industry. As a recap, our team has summarized the most significant issues and developments discussed at the event, including the new administration's impact on the legislative and regulatory landscape; the SEC's examination and enforcement focus; preparations needed for the SEC’s liquidity risk management rule; Dodd-Frank Act derivatives reform rulemaking; and the Department of Labor’s fiduciary rule.