Cravath’s New York Office Moves to Two Manhattan West
February 22, 2021
On February 22, 2021, GasLog Ltd. (“GasLog”), an NYSE‑listed international LNG shipping company with an enterprise value of approximately $4.9 billion, announced that it has entered into an agreement and plan of merger with BlackRock’s Global Energy & Power Infrastructure team (“GEPIF”). Under the merger agreement, GEPIF will acquire all of the outstanding common shares of GasLog that are not held by certain existing shareholders of GasLog, including Blenheim Holdings Ltd., which is wholly owned by the Livanos family, and a wholly owned affiliate of the Onassis Foundation (collectively, the “Rolling Shareholders”), in exchange for $5.80 in cash per common share. Upon closing of the transaction, the Rolling Shareholders will continue to hold approximately 55% of the outstanding common shares of GasLog and GEPIF will hold approximately 45%. Cravath is representing GasLog in connection with the transaction.
The Cravath team is led by partner Erik R. Tavzel and includes associates Jin-Kyu Baek and Victoria L. Romvary on M&A matters; partner D. Scott Bennett and associate David E. Jean‑Baptiste on capital markets matters; partner Christopher K. Fargo and senior attorney Kiran Sheffrin on tax matters; associates Sally Ye and Tiffany B. Wong on executive compensation and benefits matters; and partner Margaret T. Segall and associate Kolja I. Ortmann on regulatory matters. Danielle E. Walling also worked on capital markets matters and Sonia Katharani‑Khan also worked on tax matters.
Deals & Cases
April 06, 2023
On April 6, 2023, GasLog Ltd. (“GasLog”) and GasLog Partners LP (“GasLog Partners”), each an international owner and operator of liquefied natural gas carriers, announced that they have entered into a definitive merger agreement pursuant to which GasLog will acquire all of the outstanding common units of GasLog Partners not beneficially owned by GasLog for overall consideration of $8.65 per common unit in cash. Cravath is representing GasLog in connection with the transaction.
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