Cravath’s New York Office Moves to Two Manhattan West
On August 4, 2022, Atlas Air, a leading global provider of outsourced aircraft and aviation operating services, announced that it has entered into a definitive agreement to be acquired by an investor group led by funds managed by affiliates of Apollo together with investment affiliates of J.F. Lehman & Company and Hill City Capital in an all‑cash transaction with an enterprise valuation of approximately $5.2 billion. Cravath is representing Atlas Air in connection with the transaction.
The Cravath team is led by partner Robert I. Townsend III and includes associates Claudia J. Ricciardi, Nastassia Shcherbatsevich, Isaac H. Todd, Evan S. Gabor and Christopher E. Weil on M&A matters; partner Jonathan J. Katz, senior attorney Sarah W. Colangelo, practice area attorney David Crampton and associates Jana I. Hymowitz and Nicholas J. Celli on executive compensation and benefits matters; partners Andrew J. Pitts, Stephen M. Kessing and Douglas Dolan, senior attorney Elizabeth Albert and associates Diane K. Mokoro and Paul A. Bryant on financing matters; partner Lauren Angelilli and associates Alissa B. Fromkin and Sonia Katharani‑Khan on tax matters; of counsel Jesse M. Weiss and foreign associate attorney Stijn de Jong on regulatory matters; partner Michael L. Arnold, of counsel Kimberley S. Drexler and associate Abhilasha Gokulan on corporate governance matters; partner Sasha Rosenthal‑Larrea on intellectual property matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Benjamin B. Arcano also worked on M&A matters and Harlea A. Perdue also worked on financing matters.
Deals & Cases
May 07, 2024
On May 7, 2024, Ashland Inc. (“Ashland”), a global additives and specialty ingredients company, announced that it has signed a definitive agreement to sell its nutraceuticals business to Turnspire Capital Partners LLC. Cravath is representing Ashland in connection with the transaction.
Deals & Cases
April 02, 2024
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
January 31, 2024
On January 31, 2024, Health Care Service Corporation (“HCSC”), the country’s largest customer‑owned health insurer, announced that it has signed a definitive agreement with The Cigna Group (“Cigna”) to acquire its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses for a purchase price of $3.3 billion. Cigna’s Medicare plans currently serve 3.6 million Medicare members. Cravath is representing HCSC in connection with the transaction.
Deals & Cases
December 12, 2023
On December 11, 2023, HMS Networks AB (“HMS”), a global provider of industrial information and communication technology, announced it has entered into a binding agreement with Spectris Group Holdings Limited to acquire the Red Lion Controls business, a U.S.-based provider of industrial automation solutions, through the acquisition of 100 percent of the shares in Red Lion Controls Inc. and Red Lion Europe GmbH as well as certain assets in other jurisdictions, for a cash consideration of $345 million. Cravath is representing HMS as special U.S. counsel in connection with the transaction.
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