On December 5, 2011, IBM announced that it has signed a definitive agreement to acquire Dublin, Ireland-based Cúram Software Ltd. Cravath represented IBM in connection with this transaction. Financial terms were not disclosed.
Cúram Software is currently used in more than 80 government agency projects around the world. The acquisition is anticipated to close by the end of December 2011, subject to the satisfaction of customary closing conditions and applicable regulatory reviews.
The Cravath team included associate Ross M. Leff on corporate matters; partner Andrew W. Needham and associate Jonathan J. Katz on tax matters; practice area attorney Michael Krasnovsky and associates Audry X. Casusol and Michelle M. Garrett on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters. Lucy Demery and Antje Hagena also worked on corporate and tax matters, respectively.
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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.
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