USA – ILLINOIS Trends and Developments Contributed by: Craig C. Martin and Matt Basil, Willkie Farr & Gallagher LLP
every step along their paths in ways that survive both approaches as understood by both political parties – promoting economic efficiency and key non-monetary interests. Indeed, the Attorneys General of Illinois and Min - nesota recently joined the FTC’s lawsuit to prevent an acquisition by Chicago-based private equity firm GTCR BC Holdings (GTCR). Certain FTC appointees and Attorneys General praised the lawsuit, noting the role of private equity and loss of “options.” The FTC did not similarly criticise private equity, but did allege that the proposed acquisition would give GTCR con - trol over 50% of the relevant market. Nonetheless, the lawsuit garnered a unanimous vote , showing how both political parties’ approaches to antitrust often intersect. Thus, for now, the only certainty is that skilled coun - selling and a steady hand are more important than ever. Author’s note: Thank you to William Weber for his assistance in preparing this article.
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