FactSet’s Acquisition of BISAM

On March 20, 2017, FactSet, a global provider of integrated financial information, analytical applications and industry‑leading service, announced that it has acquired BISAM Technologies S.A. for $205.2 million from Aquiline Capital Partners and company insiders. Cravath represented FactSet in connection with the transaction.

Cravath also represented FactSet as the borrower in connection with its $575 million revolving credit facility. The proceeds of the initial borrowing under the facility were used to fund the transaction and repay existing debt.

The Cravath team was led by partner Thomas E. Dunn and included associate Nicholas J. Maida and foreign associate attorney Joshua B. Whitford on M&A matters; partner Stephen M. Kessing and associates Matthew G. Jones and Joshua S. Aronoff on financing matters; associates Michelle M. Garrett and Aaron J. Feuer on executive compensation and benefits matters; partner David J. Kappos and associate Christopher P. Davis on intellectual property matters; and senior attorney Annmarie M. Terraciano on environmental matters. Alexander Gerten also worked on M&A matters.