On November 13, 2014, LexisNexis® Risk Solutions, a division of Reed Elsevier, announced that it will acquire Health Market Science (HMS), a leading supplier of high‑quality data on health care professionals and an administrator of one of the largest practitioner‑level medical claims databases in the United States. The combination of LexisNexis and HMS datasets will result in one of the world’s largest health care provider databases. Cravath represented LexisNexis in connection with this transaction, which is subject to regulatory review and other customary conditions. Financial terms were not disclosed.
The Cravath team included partners Andrew R. Thompson and Mark I. Greene and associate Daniel R. Satin on M&A matters; partner Stephen L. Gordon and associate Sara L. Lykken on tax matters; partner Eric W. Hilfers and associates Audry X. Casusol and Amy C. Benford on executive compensation and benefits matters; partner Christine A. Varney and practice area attorney Robin C. Landis on antitrust matters; partner David J. Kappos and associate Nicholas A. Jackson on intellectual property matters; and partner John D. Buretta and associate Megan Y. Lew on regulatory matters. Zara Bari also worked on M&A 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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