A new statute in New York, entitled the LLC Transparency Act (the NY LLCTA), originally signed into law by Gov. Kathy Hochul on Dec. 23, 2023, was amended on March 1, 2024. As noted in our previous client alert discussing the...more
A new statute in New York, titled the “LLC Transparency Act” (the NY LLCTA), was signed into law by Gov. Kathy Hochul on Dec. 23, 2023, and will go into effect on Dec. 21, 2024. While the NY LLCTA largely mirrors the...more
From time to time, private equity sponsors will exit a portfolio company investment by selling the portfolio company to buyers led by another fund managed by the same sponsor. Because the sponsor is essentially on both sides...more