Cravath’s New York Office Moves to Two Manhattan West
Jana I.
Hymowitz
Partner, Executive Compensation and Benefits
Jana I. Hymowitz focuses her practice on executive compensation and employee benefits aspects of complex mergers and acquisitions, spin‑offs, initial public offerings and other business transactions. She also regularly advises clients on the design, negotiation and implementation of executive employment and incentive compensation arrangements, as well as on SEC disclosure regarding such arrangements.
Ms. Hymowitz’s work highlights include representing:
- Disney in its $85 billion acquisition of 21st Century Fox, overcoming an interloper bid by Comcast to its original $66 billion agreement, the $10.6 billion sale of the Fox Regional Sports Networks to Sinclair, the $3.47 billion sale of its interest in the YES Network to an investor group including the Yankees and Sinclair and the sale of FoxNext Games to Scopely;
- Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron;
- Peugeot in its $50 billion merger with Fiat Chrysler to form Stellantis;
- Barrick Gold in its proposed $42 billion merger and subsequent joint venture with Newmont Mining;
- Paramount’s special committee in the pending $28 billion merger with Skydance;
- Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and $3.1 billion acquisition of Olink;
- WestRock in its $20 billion combination with Smurfit Kappa, creating Smurfit WestRock, and its $4.9 billion acquisition of KapStone;
- Johnson & Johnson in the separation of Kenvue and its $16.6 billion acquisition of Abiomed;
- AXA in its $15.3 billion acquisition of XL;
- CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
- Amentum in its Reverse Morris Trust merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a combined organization with $13 billion in revenue;
- Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals and its $1.25 billion settlement and license agreement with Forward Pharma;
- DTE Energy in the $7 billion spin-off of DT Midstream;
- Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo;
- Radius Global Infrastructure in its $3 billion acquisition by EQT Active Core Infrastructure and PSP Investments;
- Scotiabank in its $2.8 billion acquisition of an equity interest in KeyCorp;
- Vista Outdoor in the $2.225 billion sale of The Kinetic Group to Czechoslovak Group and the pending $1.125 billion sale of Revelyst to SVP;
- ZimVie in the $375 million sale of its spine business to H.I.G. Capital;
- Robinhood in its pending $300 million acquisition of TradePMR; and
- Lindsay Goldberg in its acquisition of a majority interest in Pike.
Ms. Hymowitz is from Westchester, New York. She received a B.A. from Bard College in 2008, a J.D. magna cum laude from Brooklyn Law School in 2014, where she was an Executive Articles and Symposia Editor of the Journal of Law and Policy and the Co‑Chair of Brooklyn Law Students for the Public Interest, and an LL.M. in taxation from New York University in 2016.
Ms. Hymowitz joined Cravath in 2016 and was elected a partner in 2024.
Ms. Hymowitz’s work highlights include representing:
- Disney in its $85 billion acquisition of 21st Century Fox, overcoming an interloper bid by Comcast to its original $66 billion agreement, the $10.6 billion sale of the Fox Regional Sports Networks to Sinclair, the $3.47 billion sale of its interest in the YES Network to an investor group including the Yankees and Sinclair and the sale of FoxNext Games to Scopely;
- Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron;
- Peugeot in its $50 billion merger with Fiat Chrysler to form Stellantis;
- Barrick Gold in its proposed $42 billion merger and subsequent joint venture with Newmont Mining;
- Paramount’s special committee in the pending $28 billion merger with Skydance;
- Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and $3.1 billion acquisition of Olink;
- WestRock in its $20 billion combination with Smurfit Kappa, creating Smurfit WestRock, and its $4.9 billion acquisition of KapStone;
- Johnson & Johnson in the separation of Kenvue and its $16.6 billion acquisition of Abiomed;
- AXA in its $15.3 billion acquisition of XL;
- CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
- Amentum in its Reverse Morris Trust merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a combined organization with $13 billion in revenue;
- Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals and its $1.25 billion settlement and license agreement with Forward Pharma;
- DTE Energy in the $7 billion spin-off of DT Midstream;
- Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo;
- Radius Global Infrastructure in its $3 billion acquisition by EQT Active Core Infrastructure and PSP Investments;
- Scotiabank in its $2.8 billion acquisition of an equity interest in KeyCorp;
- Vista Outdoor in the $2.225 billion sale of The Kinetic Group to Czechoslovak Group and the pending $1.125 billion sale of Revelyst to SVP;
- ZimVie in the $375 million sale of its spine business to H.I.G. Capital;
- Robinhood in its pending $300 million acquisition of TradePMR; and
- Lindsay Goldberg in its acquisition of a majority interest in Pike.
Ms. Hymowitz is from Westchester, New York. She received a B.A. from Bard College in 2008, a J.D. magna cum laude from Brooklyn Law School in 2014, where she was an Executive Articles and Symposia Editor of the Journal of Law and Policy and the Co‑Chair of Brooklyn Law Students for the Public Interest, and an LL.M. in taxation from New York University in 2016.
Ms. Hymowitz joined Cravath in 2016 and was elected a partner in 2024.
Education
-
LL.M., 2016, New York University School of Law
-
J.D., 2014, Brooklyn Law Schoolmagna cum laude
-
B.A., 2008, Bard College
Admitted In
- New York
Deals & Cases
January 06, 2025
Disney’s Combination of its Hulu + Live TV Business with Fubo
On January 6, 2025, The Walt Disney Company (“Disney”) and FuboTV Inc. (“Fubo) announced that they have entered into a definitive agreement for Disney to combine its Hulu + Live TV business with Fubo, forming a combined virtual MVPD company of which Disney will become the majority owner.
Deals & Cases
November 19, 2024
Robinhood’s Acquisition of TradePMR
On November 19, 2024, Robinhood Markets, Inc. (“Robinhood”) announced that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors. Final deal consideration is expected to be approximately $300 million, subject to customary purchase price adjustments, consisting of a mix of cash and stock. Cravath is representing Robinhood in connection with the transaction.
Deals & Cases
October 07, 2024
Vista Outdoor’s $1.125 Billion Sale of Revelyst to SVP
On October 4, 2024, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products, announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all‑cash transaction based on an enterprise value of $1.125 billion. In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for The Kinetic Group to $2.225 billion. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
August 12, 2024
Scotiabank’s $2.8 Billion Acquisition of an Equity Interest in KeyCorp
On August 12, 2024, Scotiabank announced that it has entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp, a premier U.S. based financial services company, through an issuance of common shares at a price of $17.17 per share. The total cash consideration is approximately $2.8 billion. Cravath is representing Scotiabank in connection with the transaction.
Deals & Cases
July 08, 2024
Paramount’s $28 Billion Merger Agreement with Skydance
On July 7, 2024, Paramount Global (“Paramount”), a leading global media, streaming and entertainment company, and Skydance Media (“Skydance”), a diversified media company founded to create high-quality, event-level entertainment for global audiences, announced that they have entered into a definitive agreement to form “New Paramount,” a next-generation media and technology leader, through a two-step transaction including the acquisition of National Amusements, Inc. (“NAI”), which holds the controlling share stake in Paramount, and subsequently a merger of Skydance and Paramount. Under the terms of the agreement, which has been approved by the Paramount Board of Directors, acting on the unanimous recommendation of the Special Committee of independent directors, and by NAI, Skydance will merge with Paramount in a transaction valuing New Paramount at an enterprise value of approximately $28 billion. Existing Skydance investors will receive 317 million newly issued Class B shares in New Paramount valuing Skydance at $4.75 billion based on $15 per Paramount Class B share. The Skydance Investor Group will invest up to $6 billion in offers to Class A and Class B stockholders, and use the additional capital to paydown debt and re-capitalize the balance sheet of New Paramount. NAI and its owners have entered into a definitive agreement to sell NAI to Skydance IG for $2.4 billion on a cash-free, debt-free basis. Cravath is representing the Paramount Special Committee in connection with the agreement.
Firm News
November 13, 2024
Cravath Announces New Partners
Cravath has elected seven new partners.
Jana I. Hymowitz focuses her practice on executive compensation and employee benefits aspects of complex mergers and acquisitions, spin‑offs, initial public offerings and other business transactions. She also regularly advises clients on the design, negotiation and implementation of executive employment and incentive compensation arrangements, as well as on SEC disclosure regarding such arrangements.
Ms. Hymowitz’s work highlights include representing:
- Disney in its $85 billion acquisition of 21st Century Fox, overcoming an interloper bid by Comcast to its original $66 billion agreement, the $10.6 billion sale of the Fox Regional Sports Networks to Sinclair, the $3.47 billion sale of its interest in the YES Network to an investor group including the Yankees and Sinclair and the sale of FoxNext Games to Scopely;
- Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron;
- Peugeot in its $50 billion merger with Fiat Chrysler to form Stellantis;
- Barrick Gold in its proposed $42 billion merger and subsequent joint venture with Newmont Mining;
- Paramount’s special committee in the pending $28 billion merger with Skydance;
- Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and $3.1 billion acquisition of Olink;
- WestRock in its $20 billion combination with Smurfit Kappa, creating Smurfit WestRock, and its $4.9 billion acquisition of KapStone;
- Johnson & Johnson in the separation of Kenvue and its $16.6 billion acquisition of Abiomed;
- AXA in its $15.3 billion acquisition of XL;
- CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
- Amentum in its Reverse Morris Trust merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a combined organization with $13 billion in revenue;
- Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals and its $1.25 billion settlement and license agreement with Forward Pharma;
- DTE Energy in the $7 billion spin-off of DT Midstream;
- Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo;
- Radius Global Infrastructure in its $3 billion acquisition by EQT Active Core Infrastructure and PSP Investments;
- Scotiabank in its $2.8 billion acquisition of an equity interest in KeyCorp;
- Vista Outdoor in the $2.225 billion sale of The Kinetic Group to Czechoslovak Group and the pending $1.125 billion sale of Revelyst to SVP;
- ZimVie in the $375 million sale of its spine business to H.I.G. Capital;
- Robinhood in its pending $300 million acquisition of TradePMR; and
- Lindsay Goldberg in its acquisition of a majority interest in Pike.
Ms. Hymowitz is from Westchester, New York. She received a B.A. from Bard College in 2008, a J.D. magna cum laude from Brooklyn Law School in 2014, where she was an Executive Articles and Symposia Editor of the Journal of Law and Policy and the Co‑Chair of Brooklyn Law Students for the Public Interest, and an LL.M. in taxation from New York University in 2016.
Ms. Hymowitz joined Cravath in 2016 and was elected a partner in 2024.
Ms. Hymowitz’s work highlights include representing:
- Disney in its $85 billion acquisition of 21st Century Fox, overcoming an interloper bid by Comcast to its original $66 billion agreement, the $10.6 billion sale of the Fox Regional Sports Networks to Sinclair, the $3.47 billion sale of its interest in the YES Network to an investor group including the Yankees and Sinclair and the sale of FoxNext Games to Scopely;
- Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron;
- Peugeot in its $50 billion merger with Fiat Chrysler to form Stellantis;
- Barrick Gold in its proposed $42 billion merger and subsequent joint venture with Newmont Mining;
- Paramount’s special committee in the pending $28 billion merger with Skydance;
- Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and $3.1 billion acquisition of Olink;
- WestRock in its $20 billion combination with Smurfit Kappa, creating Smurfit WestRock, and its $4.9 billion acquisition of KapStone;
- Johnson & Johnson in the separation of Kenvue and its $16.6 billion acquisition of Abiomed;
- AXA in its $15.3 billion acquisition of XL;
- CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
- Amentum in its Reverse Morris Trust merger with Jacobs’ Critical Mission Solutions and Cyber and Intelligence businesses, creating a combined organization with $13 billion in revenue;
- Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals and its $1.25 billion settlement and license agreement with Forward Pharma;
- DTE Energy in the $7 billion spin-off of DT Midstream;
- Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo;
- Radius Global Infrastructure in its $3 billion acquisition by EQT Active Core Infrastructure and PSP Investments;
- Scotiabank in its $2.8 billion acquisition of an equity interest in KeyCorp;
- Vista Outdoor in the $2.225 billion sale of The Kinetic Group to Czechoslovak Group and the pending $1.125 billion sale of Revelyst to SVP;
- ZimVie in the $375 million sale of its spine business to H.I.G. Capital;
- Robinhood in its pending $300 million acquisition of TradePMR; and
- Lindsay Goldberg in its acquisition of a majority interest in Pike.
Ms. Hymowitz is from Westchester, New York. She received a B.A. from Bard College in 2008, a J.D. magna cum laude from Brooklyn Law School in 2014, where she was an Executive Articles and Symposia Editor of the Journal of Law and Policy and the Co‑Chair of Brooklyn Law Students for the Public Interest, and an LL.M. in taxation from New York University in 2016.
Ms. Hymowitz joined Cravath in 2016 and was elected a partner in 2024.
Education
-
LL.M., 2016, New York University School of Law
-
J.D., 2014, Brooklyn Law Schoolmagna cum laude
-
B.A., 2008, Bard College
Admitted In
- New York
Deals & Cases
January 06, 2025
Disney’s Combination of its Hulu + Live TV Business with Fubo
On January 6, 2025, The Walt Disney Company (“Disney”) and FuboTV Inc. (“Fubo) announced that they have entered into a definitive agreement for Disney to combine its Hulu + Live TV business with Fubo, forming a combined virtual MVPD company of which Disney will become the majority owner.
Deals & Cases
November 19, 2024
Robinhood’s Acquisition of TradePMR
On November 19, 2024, Robinhood Markets, Inc. (“Robinhood”) announced that it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors. Final deal consideration is expected to be approximately $300 million, subject to customary purchase price adjustments, consisting of a mix of cash and stock. Cravath is representing Robinhood in connection with the transaction.
Deals & Cases
October 07, 2024
Vista Outdoor’s $1.125 Billion Sale of Revelyst to SVP
On October 4, 2024, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products, announced it has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, to sell Revelyst in an all‑cash transaction based on an enterprise value of $1.125 billion. In connection with the SVP Transaction, Vista Outdoor also entered into an amendment to the merger agreement with Czechoslovak Group a.s. (“CSG”) to acquire The Kinetic Group, increasing the purchase price for The Kinetic Group to $2.225 billion. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
August 12, 2024
Scotiabank’s $2.8 Billion Acquisition of an Equity Interest in KeyCorp
On August 12, 2024, Scotiabank announced that it has entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp, a premier U.S. based financial services company, through an issuance of common shares at a price of $17.17 per share. The total cash consideration is approximately $2.8 billion. Cravath is representing Scotiabank in connection with the transaction.
Deals & Cases
July 08, 2024
Paramount’s $28 Billion Merger Agreement with Skydance
On July 7, 2024, Paramount Global (“Paramount”), a leading global media, streaming and entertainment company, and Skydance Media (“Skydance”), a diversified media company founded to create high-quality, event-level entertainment for global audiences, announced that they have entered into a definitive agreement to form “New Paramount,” a next-generation media and technology leader, through a two-step transaction including the acquisition of National Amusements, Inc. (“NAI”), which holds the controlling share stake in Paramount, and subsequently a merger of Skydance and Paramount. Under the terms of the agreement, which has been approved by the Paramount Board of Directors, acting on the unanimous recommendation of the Special Committee of independent directors, and by NAI, Skydance will merge with Paramount in a transaction valuing New Paramount at an enterprise value of approximately $28 billion. Existing Skydance investors will receive 317 million newly issued Class B shares in New Paramount valuing Skydance at $4.75 billion based on $15 per Paramount Class B share. The Skydance Investor Group will invest up to $6 billion in offers to Class A and Class B stockholders, and use the additional capital to paydown debt and re-capitalize the balance sheet of New Paramount. NAI and its owners have entered into a definitive agreement to sell NAI to Skydance IG for $2.4 billion on a cash-free, debt-free basis. Cravath is representing the Paramount Special Committee in connection with the agreement.
Firm News
November 13, 2024
Cravath Announces New Partners
Cravath has elected seven new partners.
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