Cravath’s New York Office Moves to Two Manhattan West
On May 11, 2022, AutoGrid, a leader in artificial intelligence‑driven optimization for distributed energy resources, announced that it has signed a definitive agreement to be acquired by Schneider Electric, a global specialist in energy management and automation. Cravath is representing Schneider Electric in connection with the transaction.
The Cravath team is led by partners Aaron M. Gruber and Mark I. Greene and includes associates Edward O. Minturn and Steven Wang on M&A matters; partner J. Leonard Teti II, senior attorney Andrew Carlon and associate Joana W. Li on tax matters; partner Margaret T. Segall, practice area attorney Nicole M. Peles and associate Stijn de Jong on regulatory matters; partner Jonathan J. Katz, practice area attorney Arian Mossanenzadeh and associate Laura S. Lee on executive compensation and benefits matters; partner David J. Kappos and associate Christopher P. Davis on intellectual property matters; partner Matthew Morreale on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Geoffrey Xiao also worked on intellectual property 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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