World Fuel Services’ Sale of its Multi Service Payment Solutions Business to Corsair Capital
July 30, 2020
On July 30, 2020, World Fuel Services Corporation (“World Fuel Services”) announced that it has signed a definitive agreement to sell its Multi Service payment solutions business to Corsair Capital, a New York based private equity firm specializing in financial services. Subject to certain closing adjustments, deferred payment provisions and contingent payment provisions, World Fuel Services will receive a total of approximately $350 million in cash consideration. Cravath is representing World Fuel Services in connection with the transaction.
The Cravath team includes senior attorney Brittain A. Rogers and associates Nathan H. Trunnell and Michael P. E. Dooley on M&A matters; partners Christine A. Varney and Margaret T. Segall and senior attorney Jesse M. Weiss on antitrust matters; partner Craig F. Arcella and associate Aashim Usgaonkar on financing matters; associates Cecily Xi and Rebecca L. Fine on tax matters; associate Dixing Tang on executive compensation and benefits matters; partner David J. Kappos and associate Carys Webb on intellectual property matters; senior attorney Annmarie M. Terraciano on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Summer associate George Smith also worked on M&A matters.
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J.D., 1986, Georgetown University Law Center
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M.P.A., 1982, Syracuse University
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B.A., 1977, State University of New York, Albany
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J.D., 2008, Harvard Law Schoolcum laude
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A.B., 2003, Harvard Collegemagna cum laude
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J.D., 2008, Georgetown University Law Centermagna cum laude
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B.A., 2003, University of Maryland
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J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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B.A., 1995, Duke University
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J.D., 1990, University of California, Berkeley, School of Law
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B.S., 1983, University of California, Davissumma cum laude
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J.D., 1998, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Wisconsin - Madison
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B.A., 1989, Wellesley Collegecum laude
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J.D., 2011, Benjamin N. Cardozo School of Lawcum laude
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