Cravath’s New York Office Moves to Two Manhattan West
On July 28, 2021, Swvl Inc. (“Swvl”), a Dubai‑based provider of transformative mass transit and shared mobility solutions, and Queen’s Gambit Growth Capital, the first special purpose acquisition company entirely led by women, announced that they have entered into a definitive agreement for a business combination that would result in Swvl becoming a publicly listed company. Upon completion of the proposed transaction, the combined public company will be named Swvl Holdings Corp and is expected to be the first $1 billion plus “unicorn” from the Middle East to list on NASDAQ, under the ticker symbol “SWVL”. Cravath is representing Swvl in connection with the transaction.
The Cravath team is led by partners Nicholas A. Dorsey and Richard Hall and includes associates Adam M. Sanchez, Gabriel J. Rust‑Tierney, Jerome C. Newton and Alexandra J. Valicenti on corporate matters; associate Leon B. Dalezman on tax matters; partner Margaret T. Segall and practice area attorney Nicole M. Peles on antitrust matters; partner John D. Buretta and practice area attorney Megan Y. Lew on compliance matters; practice area attorney Arian Mossanenzadeh and associates Jana I. Hymowitz and Laura S. Lee on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; practice area attorney Anthony N. Magistrale on intellectual property matters; and practice area attorneys Brian M. Budnick and Laurel R. Berkowitz on real estate matters.
Deals & Cases
July 21, 2021
On July 19, 2021, Lindsay Goldberg, a private investment firm, announced that funds managed by the firm have entered into a definitive agreement to sell Big Ass Fans (“BAF”), a pioneer of the high volume, low speed and connected fan categories, to Madison Industries’ Indoor Air Quality vertical. Cravath is representing BAF in connection with the transaction.
Deals & Cases
July 15, 2021
On July 15, 2021, Scientific Games Corporation (“Scientific Games”) announced that it has submitted to the Board of Directors of SciPlay Corporation (“SciPlay”) a proposal for Scientific Games to acquire the remaining 19% equity interest in SciPlay that it does not currently own in an all‑stock transaction, following which SciPlay would become a wholly‑owned subsidiary of Scientific Games. Cravath is representing Scientific Games in connection with the transaction.
Deals & Cases
July 12, 2021
On July 8, 2021, IBM announced plans to acquire BoxBoat Technologies, a premier DevOps consultancy and enterprise Kubernetes certified service provider. The acquisition will extend IBM’s container strategy and implementation services portfolio to further advance IBM’s hybrid cloud strategy. Cravath is representing IBM in connection with the transaction.
Deals & Cases
July 06, 2021
On June 24, 2021, Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) Pte. Ltd. announced they have completed integration onto the TradeLens platform, for a more timely and consistent view of logistics data for their containerized freight around the world. TradeLens is a neutral, third-party platform launched by IBM and A.P. Moller - Maersk to help modernize the world’s supply chain ecosystems and is run on IBM Cloud and IBM Blockchain. Hapag-Loyd and ONE join foundation carriers A.P. Moller-Maersk, as well as CMA CGM and MSC Mediterranean Shipping Company (MSC), who both completed their integration in October 2020. Cravath is representing IBM and A.P. Moller – Maersk in connection with the integration of the other carriers onto the TradeLens platform.
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