“After a dynamic 2024 for private equity, marked by a rebound in transactions and a strong comeback for LBOs, the outlook for 2025 is encouraging. The mid-market should see a recovery in inflows, supported by lower interest rates and geopolitical stability. Exits, although held back by unliquidated investments, are showing signs of recovery, while GP-led transactions continue to grow, with strong demand for continuation funds.”

Click here to read the full article (via paywall) in French.

Schulte Roth and Zabel of counsel Michael L. Cook’s article titled “Inconvenient Bankruptcy Appeals” was recently published on the Harvard Law School Bankruptcy Roundtable.  In this piece, Michael explores how some district courts and bankruptcy appellate panels (“BAPs”) abuse their discretion when declining to review nonfinal bankruptcy court orders.

Too many district courts and BAPs have been refusing to review non-final (i.e., interlocutory) bankruptcy court orders for questionable reasons, according to this article by an experienced business bankruptcy litigator.  These courts, though, have the requisite jurisdiction under 28 U.S.C. §158(a)(3) and (b) (“…jurisdiction … with leave of the court, from interlocutory orders ….”).  Some courts for example, claim to lack discretion to review “certain interlocutory orders.”  They have devised a test for their discretion that effectively makes their review a matter of their own convenience. 

Read the article.

“Managing partner of McDermott in Paris since 2019, Grégoire Andrieux has taken the firm to another stage in its development. After the initial years of creation, he led the consolidation effort by giving the team a common culture. Engaging and unifying management.”

Read the full article, a portrait of McDermott by Gregoire Andrieux, in French here.