In our last update, we reported that despite the Supreme Court staying the nationwide injunction against FinCEN’s enforcement of the CTA in one Texas case, a nationwide stay of the Reporting Rule granted by a federal judge in the Eastern District in Smith v. United States Department of Treasury (6:24-cv-00336) remained in effect.
Healthcare & Life Sciences Private Equity Deal Tracker: Court Square and WindRose Acquire Soleo
Court Square Capital Partners and WindRose Health Investors have completed a jointly controlled investment in Soleo Health, according to a news release.
Soleo, founded in 2014 and based in in Frisco, Texas, is a national provider of specialty pharmacy and infusion services.
Court Square, based in New York, is a middle market private equity…
Practical Tips for Companies Following President Trump’s Pause on FCPA Enforcement
Since the President signed the February 10, 2025 Executive Order (Order) pausing enforcement of the Foreign Corrupt Practices Act (FCPA) (Client Alert: President Trump issues Executive Order “Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security”), companies with cross-border business operations have likely faced questions from both internal and external stakeholders regarding what the Order means from a practical, day-to-day perspective. In some cases, this may include questions as to whether companies need to continue maintaining anti-bribery and anti-corruption compliance programs and related controls. The short answer is “yes.” Read on to learn why and for practical advice for internal legal teams addressing the current landscape.
o15 Capital Closes Inaugural Fund With About $370 Million
o15 Capital Partners has announced the close of its inaugural fund.
The fund, o15 Emerging America Credit Opportunities Fund, closed at approximately $370 million.
o15, founded in 2022 and based in Atlanta, seeks to invest in private credit and equity tranches of lower middle market companies in the United States. The firm typically makes…
Healthcare & Life Sciences Private Equity Deal Tracker: Nautic Acquires Proud Moments From Audax
Nautic Partners has acquired Proud Moments ABA from Audax Private Equity, according to a news release.
Proud Moments, founded in 2014 and based in Brooklyn, New York, is a national provider of applied behavioral analysis (ABA) therapy to children and young adults with autism spectrum disorder.
Nautic, based in Providence, Rhode Island,…
America’s Aging Dams and Other Infrastructure is an Urgent Insurance Coverage Issue
Natural disasters are becoming more frequent, more severe, and more destructive. No part of the United States is entirely immune from some combination of tornadoes, fires, droughts, earthquakes, freeze events, and hurricanes. Indeed, 2024’s “extraordinary” hurricane season saw Hurricanes Helene and Milton devastate swaths of the Southeastern United States from Florida to North Carolina.[1] This trend has continued in the early days of 2025 with wildfires in California and winter storms in the South and along the East Coast causing devastation, supply chain disruptions, and, reportedly, tens of billions of dollars in insured losses.
Major Shift on Foreign Corrupt Practices Act: Trump Signs EO Pausing Enforcement
Last night, in a move with wide-ranging implications for American companies doing business abroad, President Trump issued an executive order (Order) temporarily halting enforcement of the Foreign Corrupt Practices Act (FCPA). The Order directs Attorney General (AG) Pam Bondi to review guidelines and policies governing FCPA investigations and enforcement actions in the next 180 days, with an option to extend the review another 180 days if appropriate. During that time, no new FCPA investigations or enforcement actions will be opened, unless AG Bondi determines an exemption is appropriate, and all currently pending FCPA investigations and enforcement actions will be reviewed to “restore proper bounds on FCPA enforcement and preserve Presidential foreign policy prerogatives.” After new guidance is issued, new FCPA investigations initiated or current actions that are continued must follow the new guidelines, with new matters requiring the approval of AG Bondi. At the end of the review period, AG Bondi will also consider if additional action is appropriate, including possible remedial measures with respect to past FCPA investigations and enforcement actions.
Healthcare & Life Sciences Private Equity Deal Tracker: LightBay Invests in Ro Health
LightBay Capital has made a strategic growth investment in Ro Health, according to a news release.
Ro Health, founded in 2013 and headquartered in Seattle, is a medical staffing and home health agency.
LightBay, founded in 2016 and based in Los Angeles, is a private equity firm focused on healthcare and a…
State Attorneys General Poised to Crack Down On Price Gouging Amid Market Pressure
This past Thursday, New York Attorney General Letitia James issued a warning to businesses against price gouging for eggs and poultry. The current bird flu outbreak began in March 2024 but has become a topic of increasing concern for consumers and businesses in the new year after more than 13 million hens—necessary to the success of the egg and poultry industry—died or were slaughtered within the last two months.
Start With Fundamentals to Help Healthcare Investors Succeed, With Mike Murphy
The days when healthcare investors could financially engineer their way to an outcome are gone. In today’s economy, they must focus on improving valuation and performance. In this podcast, McGuireWoods partner and host Geoff Cockrell and Mike Murphy, founder and managing partner of Sunstone Management Advisors, discuss how to succeed in this harsh reality.
At…