Cravath’s New York Office Moves to Two Manhattan West
Andrew T. Davis focuses his practice on the tax aspects of mergers and acquisitions, including spin‑off and private equity transactions, as well as securities offerings and banking transactions.
Mr. Davis’s notable transactions include representing:
Mr. Davis was named a “Rising Star” by Law360 in 2022, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40, and has been named to the Lawdragon 500 X – The Next Generation list. He has been recognized for his work in the tax arena by The Legal 500 US.
Mr. Davis is a member of the Corporate Tax Committee of the Tax Section of the American Bar Association. He frequently speaks on important developments in tax law, including for organizations such as the ABA, D.C. Bar, Federal Bar Association, Practising Law Institute (PLI) and NYU’s Institute on Federal Taxation. In particular, he is a frequent commentator on topics in corporate taxation such as the corporate alternative minimum tax (“CAMT”), having participated in events including PLI’s “Basics of International Taxation,” where he spoke on a panel entitled “Compliance with Minimum Taxes.”
Mr. Davis is from Montclair, New Jersey. He received an A.B. summa cum laude from Princeton University in 2010, where he was elected to Phi Beta Kappa, a J.D. from Stanford Law School in 2014, where he was an Articles Editor of the Journal of Law, Business & Finance, and an LL.M. from New York University School of Law in 2020.
Mr. Davis joined Cravath in 2014. Following a one‑year clerkship with Hon. Guido Calabresi of the U.S. Court of Appeals for the Second Circuit, he returned to the Firm in 2016 and was elected a partner in 2021.
Mr. Davis’s notable transactions include representing:
Mr. Davis was named a “Rising Star” by Law360 in 2022, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40, and has been named to the Lawdragon 500 X – The Next Generation list. He has been recognized for his work in the tax arena by The Legal 500 US.
Mr. Davis is a member of the Corporate Tax Committee of the Tax Section of the American Bar Association. He frequently speaks on important developments in tax law, including for organizations such as the ABA, D.C. Bar, Federal Bar Association, Practising Law Institute (PLI) and NYU’s Institute on Federal Taxation. In particular, he is a frequent commentator on topics in corporate taxation such as the corporate alternative minimum tax (“CAMT”), having participated in events including PLI’s “Basics of International Taxation,” where he spoke on a panel entitled “Compliance with Minimum Taxes.”
Mr. Davis is from Montclair, New Jersey. He received an A.B. summa cum laude from Princeton University in 2010, where he was elected to Phi Beta Kappa, a J.D. from Stanford Law School in 2014, where he was an Articles Editor of the Journal of Law, Business & Finance, and an LL.M. from New York University School of Law in 2020.
Mr. Davis joined Cravath in 2014. Following a one‑year clerkship with Hon. Guido Calabresi of the U.S. Court of Appeals for the Second Circuit, he returned to the Firm in 2016 and was elected a partner in 2021.
American Bar Association
New York State Bar Association
Law360
Lawdragon
The Legal 500 US
Deals & Cases
November 13, 2024
On November 13, 2024, Just Eat Takeaway.com N.V. (“Just Eat Takeaway.com”), one of the world’s leading global online food delivery companies, announced that it has entered into a definitive agreement to sell Grubhub Inc. (“Grubhub”) to Wonder Group, Inc. (“Wonder”) for an enterprise value of $650 million. Grubhub will be transferred with its $500 million of senior notes. Cravath is representing Just Eat Takeaway.com in connection with the transaction.
Deals & Cases
November 06, 2024
Cravath represented the initial purchasers in connection with the $1.8 billion 144A/Reg. S high‑yield senior notes offering of Cleveland‑Cliffs Inc., a leading North America‑based steel producer. Proceeds of the offering will be used to partially finance Cleveland‑Cliffs Inc.'s acquisition of Stelco Holdings Inc., an integrated steelmaker with operations in Canada. The transaction closed on October 22, 2024.
Deals & Cases
November 04, 2024
Cravath represented the underwriters in connection with the $1.5 billion registered fixed rate/floating rate senior notes offering of The PNC Financial Services Group, Inc., one of the largest diversified financial services companies in the United States. The transaction closed on October 21, 2024.
Deals & Cases
October 30, 2024
Cravath represented the initial purchasers in connection with the €850 million and $1.1 billion 144A/Reg. S high‑yield senior secured notes offering of Belron UK Finance plc. Belron UK Finance plc is an indirect wholly‑owned subsidiary of Belron Group SCA, a leading global player in vehicle glass repair, replacement and recalibration. The transaction closed on October 16, 2024.
Deals & Cases
October 25, 2024
Cravath represented American National Group Inc. in connection with its $600 million registered senior notes offering. American National Group Inc. is a leading insurance company that offers a broad portfolio of insurance products, including annuities, pension risk transfer, individual and group life insurance and property and casualty insurance. The transaction closed on October 2, 2024.
Activities
October 08, 2024
On October 7, 2024, Cravath partner Andrew T. Davis participated in “Proposed CAMT Regulations - Conversation with Treasury,” a webinar event hosted by the USA Branch of the International Fiscal Association (“IFA USA”). The virtual panel, which also featured speakers from the Department of the Treasury and professional services firms, analyzed the potential ramifications of the proposed CAMT (corporate alternative minimum tax) regulations for businesses with international operations and explored considerations given in developing the rules.
Activities
September 27, 2024
Cravath partners Lauren Angelilli and Andrew T. Davis participated in the American Bar Association’s 2024 Fall Tax Meeting, which was held virtually from September 23‑27, 2024.
Activities
July 23, 2024
On July 23, 2024, Cravath partner Andrew T. Davis participated in “Basics of International Taxation,” a program presented by the Practising Law Institute, in New York. Andrew spoke on a panel entitled “Compliance with Minimum Taxes,” which reviewed the international tax impacts of the United States’ new corporate alternative minimum tax and the global interaction of different enacted minimum taxes.
Publications
May 08, 2024
On May 6, 2024, Cravath prepared a memo for its clients entitled “IRS and Treasury Update Guidelines for Spin‑Off Private Letter Rulings, Narrowing IRS Practice.” The memo examines the Internal Revenue Service’s recently released Rev. Proc. 2024‑24 and Notice 2024‑38, which provide updated guidelines for taxpayers requesting private letter rulings from the IRS for tax‑free spin‑off and split‑off transactions under Section 355. The memo outlines the key changes in the IRS’s ruling practice for spin-offs, which reflect a significant narrowing of the current ruling practice, that are related to debt‑for‑equity exchange structuring, the use of proceeds in “boot purges,” contingent liabilities and retentions of Spinco stock.
Activities
February 13, 2024
On January 20, 2024, Cravath partner Andrew T. Davis participated in the American Bar Association’s Tax Section 2024 Midyear Meeting, which was held from January 18‑20 in San Francisco, CA. The event convened leading tax attorneys and government officials to discuss the latest federal, state and local tax policies. Andrew spoke on a panel entitled “Current Developments in Corporate Taxation,” which reviewed legislative and administrative developments in corporate taxation, including new regulatory and other guidance for the Corporate Alternative Minimum Tax and the Excise Tax as well as changes to the private letter ruling program.
Andrew T. Davis focuses his practice on the tax aspects of mergers and acquisitions, including spin‑off and private equity transactions, as well as securities offerings and banking transactions.
Mr. Davis’s notable transactions include representing:
Mr. Davis was named a “Rising Star” by Law360 in 2022, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40, and has been named to the Lawdragon 500 X – The Next Generation list. He has been recognized for his work in the tax arena by The Legal 500 US.
Mr. Davis is a member of the Corporate Tax Committee of the Tax Section of the American Bar Association. He frequently speaks on important developments in tax law, including for organizations such as the ABA, D.C. Bar, Federal Bar Association, Practising Law Institute (PLI) and NYU’s Institute on Federal Taxation. In particular, he is a frequent commentator on topics in corporate taxation such as the corporate alternative minimum tax (“CAMT”), having participated in events including PLI’s “Basics of International Taxation,” where he spoke on a panel entitled “Compliance with Minimum Taxes.”
Mr. Davis is from Montclair, New Jersey. He received an A.B. summa cum laude from Princeton University in 2010, where he was elected to Phi Beta Kappa, a J.D. from Stanford Law School in 2014, where he was an Articles Editor of the Journal of Law, Business & Finance, and an LL.M. from New York University School of Law in 2020.
Mr. Davis joined Cravath in 2014. Following a one‑year clerkship with Hon. Guido Calabresi of the U.S. Court of Appeals for the Second Circuit, he returned to the Firm in 2016 and was elected a partner in 2021.
Mr. Davis’s notable transactions include representing:
Mr. Davis was named a “Rising Star” by Law360 in 2022, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40, and has been named to the Lawdragon 500 X – The Next Generation list. He has been recognized for his work in the tax arena by The Legal 500 US.
Mr. Davis is a member of the Corporate Tax Committee of the Tax Section of the American Bar Association. He frequently speaks on important developments in tax law, including for organizations such as the ABA, D.C. Bar, Federal Bar Association, Practising Law Institute (PLI) and NYU’s Institute on Federal Taxation. In particular, he is a frequent commentator on topics in corporate taxation such as the corporate alternative minimum tax (“CAMT”), having participated in events including PLI’s “Basics of International Taxation,” where he spoke on a panel entitled “Compliance with Minimum Taxes.”
Mr. Davis is from Montclair, New Jersey. He received an A.B. summa cum laude from Princeton University in 2010, where he was elected to Phi Beta Kappa, a J.D. from Stanford Law School in 2014, where he was an Articles Editor of the Journal of Law, Business & Finance, and an LL.M. from New York University School of Law in 2020.
Mr. Davis joined Cravath in 2014. Following a one‑year clerkship with Hon. Guido Calabresi of the U.S. Court of Appeals for the Second Circuit, he returned to the Firm in 2016 and was elected a partner in 2021.
American Bar Association
New York State Bar Association
Law360
Lawdragon
The Legal 500 US
Deals & Cases
November 13, 2024
On November 13, 2024, Just Eat Takeaway.com N.V. (“Just Eat Takeaway.com”), one of the world’s leading global online food delivery companies, announced that it has entered into a definitive agreement to sell Grubhub Inc. (“Grubhub”) to Wonder Group, Inc. (“Wonder”) for an enterprise value of $650 million. Grubhub will be transferred with its $500 million of senior notes. Cravath is representing Just Eat Takeaway.com in connection with the transaction.
Deals & Cases
November 06, 2024
Cravath represented the initial purchasers in connection with the $1.8 billion 144A/Reg. S high‑yield senior notes offering of Cleveland‑Cliffs Inc., a leading North America‑based steel producer. Proceeds of the offering will be used to partially finance Cleveland‑Cliffs Inc.'s acquisition of Stelco Holdings Inc., an integrated steelmaker with operations in Canada. The transaction closed on October 22, 2024.
Deals & Cases
November 04, 2024
Cravath represented the underwriters in connection with the $1.5 billion registered fixed rate/floating rate senior notes offering of The PNC Financial Services Group, Inc., one of the largest diversified financial services companies in the United States. The transaction closed on October 21, 2024.
Deals & Cases
October 30, 2024
Cravath represented the initial purchasers in connection with the €850 million and $1.1 billion 144A/Reg. S high‑yield senior secured notes offering of Belron UK Finance plc. Belron UK Finance plc is an indirect wholly‑owned subsidiary of Belron Group SCA, a leading global player in vehicle glass repair, replacement and recalibration. The transaction closed on October 16, 2024.
Deals & Cases
October 25, 2024
Cravath represented American National Group Inc. in connection with its $600 million registered senior notes offering. American National Group Inc. is a leading insurance company that offers a broad portfolio of insurance products, including annuities, pension risk transfer, individual and group life insurance and property and casualty insurance. The transaction closed on October 2, 2024.
Activities
October 08, 2024
On October 7, 2024, Cravath partner Andrew T. Davis participated in “Proposed CAMT Regulations - Conversation with Treasury,” a webinar event hosted by the USA Branch of the International Fiscal Association (“IFA USA”). The virtual panel, which also featured speakers from the Department of the Treasury and professional services firms, analyzed the potential ramifications of the proposed CAMT (corporate alternative minimum tax) regulations for businesses with international operations and explored considerations given in developing the rules.
Activities
September 27, 2024
Cravath partners Lauren Angelilli and Andrew T. Davis participated in the American Bar Association’s 2024 Fall Tax Meeting, which was held virtually from September 23‑27, 2024.
Activities
July 23, 2024
On July 23, 2024, Cravath partner Andrew T. Davis participated in “Basics of International Taxation,” a program presented by the Practising Law Institute, in New York. Andrew spoke on a panel entitled “Compliance with Minimum Taxes,” which reviewed the international tax impacts of the United States’ new corporate alternative minimum tax and the global interaction of different enacted minimum taxes.
Publications
May 08, 2024
On May 6, 2024, Cravath prepared a memo for its clients entitled “IRS and Treasury Update Guidelines for Spin‑Off Private Letter Rulings, Narrowing IRS Practice.” The memo examines the Internal Revenue Service’s recently released Rev. Proc. 2024‑24 and Notice 2024‑38, which provide updated guidelines for taxpayers requesting private letter rulings from the IRS for tax‑free spin‑off and split‑off transactions under Section 355. The memo outlines the key changes in the IRS’s ruling practice for spin-offs, which reflect a significant narrowing of the current ruling practice, that are related to debt‑for‑equity exchange structuring, the use of proceeds in “boot purges,” contingent liabilities and retentions of Spinco stock.
Activities
February 13, 2024
On January 20, 2024, Cravath partner Andrew T. Davis participated in the American Bar Association’s Tax Section 2024 Midyear Meeting, which was held from January 18‑20 in San Francisco, CA. The event convened leading tax attorneys and government officials to discuss the latest federal, state and local tax policies. Andrew spoke on a panel entitled “Current Developments in Corporate Taxation,” which reviewed legislative and administrative developments in corporate taxation, including new regulatory and other guidance for the Corporate Alternative Minimum Tax and the Excise Tax as well as changes to the private letter ruling program.
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