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Transactional
Kirkland & Ellis Steers $2.55 Billion CIRCOR Aerospace Acquisition For KKR
Kirkland & Ellis is steering private equity giant KKR and CIRCOR International through a $2.55 billion all-cash deal to sell CIRCOR’s aerospace division to Parker Hannifin. Backed by financial advisors Goldman Sachs and Evercore, the massive divestiture marks KKR’s fourth exit from an industrials investment this year. The carve-out arrives just three years after the buyout firm originally took the broader manufacturing entity private for approximately $1.6 billion, with the transaction scheduled to close in the second half of 2026 pending regulatory approvals...
Litigation
California Jury Clears OpenAI Executives Of Liability In Elon Musk Lawsuit
An administrative timeline defense has cleared the legal path for OpenAI to pursue its initial public offering, Yahoo Finance reported. A California jury cleared OpenAI CEO Sam Altman and President Greg Brockman of liability regarding allegations that they unjustly enriched themselves by transitioning the entity from a nonprofit to a for-profit business...
Policy
Department of Justice Antitrust Head Warns Dealmakers Against Unbacked AI Defenses
The Department of Justice’s antitrust division warned companies against using artificial intelligence disruption as an unsupported defense in merger reviews, according to Reuters. Acting Assistant Attorney General Omeed Assefi, who oversees the DOJ’s merger review work, said merging parties are welcome to engage with the antitrust division at any point during the process, but claims about AI reshaping an industry must be backed by evidence...
Features
Anthropic and Gates Foundation Commit $200 Million to AI for Public...
Anthropic and the Bill & Melinda Gates Foundation are putting $200 million toward AI tools designed for some of the world’s hardest-to-reach needs, from neglected disease research to classroom support and economic mobility. The four-year partnership combines grant funding, Claude usage credits, and technical support for programs in the U.S. and abroad, with a focus on areas that often attract less commercial investment despite their public impact...




























