Law360 Names Cravath a 2024 “Tax Practice Group of the Year”
January 31, 2025
On January 28, 2025, Cravath was featured by Law360 as a “Tax Practice Group of the Year.” The article highlights the Tax Department’s work on a variety of complex transactions, including its role representing clients Amentum in its merger with Jacobs’s Critical Mission Solutions and Cyber and Intelligence businesses; Endeavor in its $25 billion take‑private acquisition by Silver Lake; Frontier in its $20 billion acquisition by Verizon; the Paramount Special Committee in its $28 billion merger agreement with Skydance; and Vista Outdoor in its $1.125 billion sale of Revelyst to SVP and $1.91 billion sale of its Sporting Products business to CSG.
Partner and head of Cravath’s Tax Department Lauren Angelilli noted how the Firm’s work for the Paramount Special Committee felt “exciting on a personal level” because the Firm had represented Viacom’s Special Committee in its combination with Paramount, and the profile recognized how the complex nature of the Skydance transaction required the Firm to navigate “the stakes of a number of shareholders.” Partner J. Leonard Teti II spoke to the significance of the Firm’s work for Amentum, explaining how the Cravath team needed “to help solve a commercial problem, a commercial puzzle,” in a way that was consistent with spin‑off rules and would be acceptable to the Internal Revenue Service. Reflecting on these achievements of the Tax Department, Lauren added that “We all really have a can‑do mindset…. Whatever is put in front of us, we try to find a way to say yes.”
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J.D., 2000, Harvard Law Schoolcum laude
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B.S., 1996, The Wharton School of the University of Pennsylvaniamagna cum laude
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J.D., 2005, University of Virginia School of LawOrder of the Coif
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A.B., 1999, Princeton Universitywith Honors
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Deals & Cases
November 21, 2023
Amentum’s Merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence Businesses
On November 20, 2023, Amentum, a portfolio company of Lindsay Goldberg and American Securities, announced a definitive agreement to merge with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a new leader in systems integration and technology solutions. The transaction, which is structured as an all‑stock, Reverse Morris Trust transaction, will result in a publicly traded combined organization with $13 billion in revenue and more than 53,000 employees in 83 countries. Cravath is representing Amentum in connection with the transaction.
Deals & Cases
April 02, 2024
Endeavor’s $25 Billion Take‑Private Acquisition by Silver Lake
On April 2, 2024, Endeavor Group Holdings, Inc. (“Endeavor”), a global sports and entertainment company, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors. Cravath is representing the independent Special Committee of Endeavor’s board of directors in connection with the transaction.
Deals & Cases
September 05, 2024
Frontier’s $20 Billion Acquisition by Verizon
On September 5, 2024, Verizon Communications Inc. and Frontier Communications Parent, Inc. (“Frontier”), the largest pure‑play fiber provider in the U.S., announced they have entered into a definitive agreement for Verizon to acquire Frontier in an all‑cash transaction valued at $20 billion. Cravath is representing Frontier in connection with the transaction.
Deals & Cases
July 08, 2024
Paramount’s $28 Billion Merger Agreement with Skydance
On July 7, 2024, Paramount Global (“Paramount”), a leading global media, streaming and entertainment company, and Skydance Media (“Skydance”), a diversified media company founded to create high-quality, event-level entertainment for global audiences, announced that they have entered into a definitive agreement to form “New Paramount,” a next-generation media and technology leader, through a two-step transaction including the acquisition of National Amusements, Inc. (“NAI”), which holds the controlling share stake in Paramount, and subsequently a merger of Skydance and Paramount. Under the terms of the agreement, which has been approved by the Paramount Board of Directors, acting on the unanimous recommendation of the Special Committee of independent directors, and by NAI, Skydance will merge with Paramount in a transaction valuing New Paramount at an enterprise value of approximately $28 billion. Existing Skydance investors will receive 317 million newly issued Class B shares in New Paramount valuing Skydance at $4.75 billion based on $15 per Paramount Class B share. The Skydance Investor Group will invest up to $6 billion in offers to Class A and Class B stockholders, and use the additional capital to paydown debt and re-capitalize the balance sheet of New Paramount. NAI and its owners have entered into a definitive agreement to sell NAI to Skydance IG for $2.4 billion on a cash-free, debt-free basis. Cravath is representing the Paramount Special Committee in connection with the agreement.
