Cravath’s New York Office Moves to Two Manhattan West
On September 18, 2018, Brightline, the nation’s only privately owned, operated and maintained express intercity passenger rail system, announced that it has agreed to acquire XpressWest, a high‑speed passenger rail project with rights to develop a federally approved corridor connecting Southern California and Las Vegas, Nevada. This project would be only the second privately funded express intercity passenger rail in the United States, following Brightline’s Florida rail corridor. Cravath is representing Brightline, a portfolio company of Fortress Investment Group LLC, in connection with the transaction.
The Cravath team includes associates Matthew G. Jones, Matthew L. Ploszek, Robert C. Warshaw and Quinn Wetherall on M&A matters; partners Andrew W. Needham and Christopher K. Fargo, senior attorney Andrew Carlon and associates Damien J. Rose and Andrew L. Mandelbaum on tax matters; partner Matthew Morreale on environmental matters; senior attorney M. C. Tania Balthazaar on executive compensation and benefits matters; and practice area attorney Brian M. Budnick on real estate 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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