Cravath’s New York Office Moves to Two Manhattan West
On July 5, 2023, Brookfield Reinsurance, which operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions, and American Equity Investment Life Holding Company (“AEL”) announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. Cravath is representing Brookfield Reinsurance in connection with the transaction.
The Cravath team is led by partners David J. Perkins and Richard Hall and includes associates Adam M. Sanchez, Paul D. Kim, Evan S. Gabor and Abhilasha Gokulan on M&A matters; partner Matthew M. Kelly and associates Peter W. Kim and Sophia Premji on financing matters; partner Lauren Angelilli and associate Kyle R. Jorstad on tax matters; partner Amanda Hines Gold and associates Brendon J. Rivard and Molly E. Nichols on executive compensation and benefits matters; associate Zachary W. Jarrett on litigation matters; partner Jeffrey T. Dinwoodie, of counsel Jesse M. Weiss and Benjamin G. Joseloff and associate Jonathan A. Gordon on regulatory matters; and practice area attorney Brian M. Budnick on real estate matters. Daphne Fong also worked on M&A matters and Tristan Baylor also worked on tax matters.
Deals & Cases
June 13, 2023
On June 12, 2023, Brookfield Renewable, one of the world’s largest publicly traded, pure‑play renewable power platforms, together with its institutional partners, announced that it has agreed to acquire Duke Energy Renewables, a fully integrated developer and operator of renewable power assets in the U.S., at an enterprise value of approximately $2.8 billion, including non‑controlling tax equity interests and the assumption of debt. Cravath is representing Brookfield Renewable in connection with the transaction.
Deals & Cases
October 11, 2022
On October 11, 2022, Brookfield Renewable Partners (“Brookfield Renewable”), together with its institutional partners and Cameco Corporation (“Cameco”), announced they are forming a strategic partnership (“the consortium”) to acquire Westinghouse Electric Company (“Westinghouse”), one of the world’s largest nuclear services businesses, for a total enterprise value of $7.875 billion.
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