December 27, 2021
On December 27, 2021, FactSet, a global provider of integrated financial information and analytical applications, announced that it has entered into a definitive agreement to acquire CUSIP Global Services, an operator of market standard security identifiers, from S&P Global for $1.925 billion in cash. Cravath is representing FactSet in connection with the transaction.
The Cravath team is led by partner Thomas E. Dunn and includes senior attorney R. Kirkie Maswoswe and associates Jin‑Kyu Baek and Alexandra J. Valicenti on M&A matters; partner Tatiana Lapushchik, of counsel Kimberly A. Grousset and associate Olivia Ya Huang on financing matters; partner C. Daniel Haaren and associate Courtney T. Seager on capital markets matters; associates Andrew T. Davis and Leon B. Dalezman on tax matters; partner Eric W. Hilfers and associate Brendon J. Rivard on executive compensation and benefits matters; partner David J. Kappos and associate Pedraam Mirzanian on intellectual property matters; partner Matthew Morreale on environmental matters; senior attorney Jesse M. Weiss on regulatory matters; and practice area attorney Brian M. Budnick on real estate matters. Jason O. Rooindej and Ikechi J. Ngwangwa also worked on M&A matters; Harlea A. Perdue also worked on capital markets matters; and Geoffrey Xiao also worked on intellectual property matters.
Deals & Cases
March 18, 2025
On March 18, 2025, Wiz, Inc. (“Wiz”), a leading cloud security platform headquartered in New York, and Google LLC (“Google”) announced they have signed a definitive agreement for Google to acquire Wiz for $32 billion, subject to closing adjustments, in an all‑cash transaction. Once closed, Wiz will join Google Cloud. Cravath is representing Wiz as regulatory counsel in connection with the transaction.
Deals & Cases
March 17, 2025
On March 17, 2025, PepsiCo, Inc. (“PepsiCo”) announced that it has entered into a definitive agreement to acquire poppi, a prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes an additional potential earnout consideration subject to the achievement of certain performance milestones within a specified period after closing of the transaction. Cravath is representing PepsiCo in connection with the transaction.
Deals & Cases
February 24, 2025
On February 24, 2025, Bridge Investment Group Holdings Inc. (“Bridge”), a leading alternative investment manager diversified across specialized asset classes, and Apollo Global Management, Inc. (“Apollo”) announced they have entered into a definitive agreement for Apollo to acquire Bridge in an all‑stock transaction with an equity value of approximately $1.5 billion. Under the terms of the transaction, Bridge stockholders and Bridge OpCo unitholders will receive 0.07081 shares of Apollo stock for each share of Bridge Class A common stock and each Bridge OpCo Class A common unit, respectively, valued by the parties at $11.50 per each share of Bridge Class A common stock and Bridge OpCo Class A common unit, respectively. Cravath is representing the special committee of the Bridge Board of Directors in connection with the transaction.
Deals & Cases
February 10, 2025
On February 10, 2025, FactSet, a global financial digital platform and enterprise solutions provider, announced the acquisition of LiquidityBook, a leading provider of cloud‑native buy- and sell‑side trading solutions, for a gross purchase price of $246.5 million in cash. Cravath is representing FactSet in connection with the transaction.
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