I was reminded once again today that deal lawyers have been hitting some really high notes lately, with this sexy-deal alert from the Wall Street Journal: It’s reporting that CKX Inc., owner of the "American Idol" franchise, is in the late stages of a buyout transaction led by One Equity Partners, J.P. Morgan's private-equity arm.
It’s not immediately clear who’s working on this one (but if you have an inkling, please do drop me a line). However, it wasn't too hard to come up with a list of the firms that worked on the other recent, ginormous deals the WSJ mentions:
A deal for CKX would be the latest in a string of private-equity deals over the past month in the $500 million to $1 billion range. Thomas H. Lee Partners agreed to acquire CKE Restaurants Inc., the parent company of Hardees and Carl's Jr. restaurants for about $620 million; Abry Partners announced a deal to acquire cable operator RCN Corp. for $531 million; and CCMP purchased Infogroup Inc. for $460 million.
Those whoppers kept lawyers busy from coast to coast:
- CKE Restaurants was advised by California’s Stradling, Yocca, Carlson & Rauth and Thomas H. Lee Partners was repped by East Coast lawyers from Ropes & Gray
- RCN Corp. was advised by a Chicago-led team at Jenner & Block and ABRY Partners was represented by an East Coast team from Edwards Angell Palmer & Dodge
- Infogroup was represented by Wilson Sonsini Goodrich & Rosati and CCMP was advised by O'Melveny & Myers