Cravath’s New York Office Moves to Two Manhattan West
Lauren Angelilli is Head of the Tax Department. Her practice focuses on advising clients on the tax and structuring aspects of mergers and acquisitions, spin‑offs, restructurings and joint ventures, both domestically and cross‑border. Ms. Angelilli is known by clients and peers for her “extremely deep tax technical knowledge” and her “excellent job of communicating how the technical points impact a deal or business decision.”
Ms. Angelilli’s experience encompasses a wide range of matters and transaction types. She regularly advises clients in connection with:
- Significant M&A transactions, including for Anheuser-Busch InBev in its $123 billion acquisition of SABMiller; Disney in its $85 billion acquisition of 21st Century Fox; H.J. Heinz and 3G Capital in Heinz’s $60 billion merger with Kraft Foods Group; Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron; and Time Warner in its $109 billion sale to AT&T
- Spin-offs, split‑offs and public listings, including for Ashland in the IPO and tax‑free separation of its Valvoline business; DreamWorks Animation in its IPO; Graham Holdings in the spin‑off of Cable One; Honeywell in the spin‑off of its Resins and Chemicals business into a new independent public company, AdvanSix; Sprint in its spin‑off of EMBARQ; Time Warner in its spin‑offs of Time Inc., AOL and Time Warner Cable and the split‑off of the Atlanta Braves to Liberty Media; White Mountains Insurance in its split‑off of certain insurance businesses to General Reinsurance; and Xerox in the spin‑off of Conduent
- Special committee and board of director matters, including for Endeavor’s special committee in the pending $25 billion take‑private acquisition by Silver Lake; the special committee of the Hudson board of directors in the sale of all remaining equity interests in Hudson to Dufry; Paramount’s special committee in the pending $28 billion merger with Skydance; Viacom’s board committee in the $30 billion merger with CBS; Yahoo’s board committee in the $4.48 billion acquisition of Yahoo’s operating business by Verizon; and the special committee of the board of Eidos Therapeutics in the $2.83 billion merger with BridgeBio Pharma
- Complex private equity transactions, including for the founders of Alliance Animal Health in the significant growth investment from L Catterton; Aras in its substantial growth investment from GI Partners; Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo; Brookfield and its affiliates in Brookfield Reinsurance’s $4.3 billion acquisition of American Equity Investment Life and Brookfield Renewable’s $2.8 billion acquisition of Duke Energy Renewables; Cable One in the formation of Clearwave Fiber, a joint venture with GTCR, Stephens Capital Partners and The Pritzker Organization; and J.D. Power in its sale to Thoma Bravo
Ms. Angelilli has represented clients across a diverse range of industry sectors, with significant depth in technology, media and telecommunications, as well as biotechnology and life sciences. Notable matters include representing:
Technology
- Afterpay in its $29 billion acquisition by Block
- J.D. Power in its sale to Thoma Bravo
- Pitney Bowes in the $700 million sale of its Software Solutions business to Syncsort, its $475 million acquisition of Newgistics and its $395 million acquisition of Borderfree
- Technicolor in the $475 million sale of its Patent Licensing business to InterDigital
- Xerox in the $1.05 billion sale of its information technology outsourcing business to Atos and the spin‑off of Conduent
- Yahoo’s board committee in the $4.48 billion acquisition of Yahoo’s operating business by Verizon
Media and Entertainment
- Amblin Partners in the exit of Participant as an equity holder and NBCUniversal’s re‑investment; its strategic partnership with Alibaba Pictures; and, together with Steven Spielberg, in its formation with Participant Media, Reliance Entertainment and Entertainment One
- 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 and the $3.47 billion sale of its interest in the YES Network to an investor group including the Yankees and Sinclair; Endemol Shine’s acquisition by Banijay Group; the sale of FoxNext Games to Scopely; the sale of a majority stake in Fox TeleColombia & Estudios TeleMexico to ViacomCBS; and ESPN’s strategic alliance with PENN Entertainment to launch ESPN BET
- DreamWorks Animation in a number of matters, including its IPO, the formation of Oriental DreamWorks and its $4.1 billion sale to Comcast
- Endeavor’s special committee in the pending $25 billion take‑private acquisition by Silver Lake
- Paramount’s special committee in the pending $28 billion merger with Skydance
- Quibi in its $750 million Series C private financing, the sale of its global content distribution rights to Roku and its out‑of‑court wind‑down process
- Time Warner in its $109 billion sale to AT&T; its investment in Hulu; and its spin-offs of Time Inc., AOL and Time Warner Cable and the split‑off of the Atlanta Braves to Liberty Media
- Viacom’s board committee in the $30 billion merger with CBS
Telecommunications
- Bharti in the acquisition of, and $1 billion investment in, OneWeb by a consortium led by Bharti and Her Majesty’s Government
- Cable One in its $2.2 billion acquisition of Hargray Communications; its $735 million acquisition of NewWave Communications; its $525.9 million acquisition of Fidelity Communications’ data, video and voice business; its acquisition of Clearwave Communications; the formation of Clearwave Fiber, a joint venture with GTCR, Stephens Capital Partners and The Pritzker Organization; and its strategic partnership with Mega Broadband
- EMBARQ in its acquisition by CenturyTel
- Graham Holdings in the spin‑off of Cable One
- Sprint in its merger with Nextel Communications and later spin-off of EMBARQ
Biotechnology, Life Sciences and Healthcare
- AmerisourceBergen in its $6.5 billion acquisition of Walgreens’ Alliance Healthcare businesses and its strategic relationship with Walgreens and Alliance Boots
- AveXis in its $8.7 billion acquisition by Novartis
- Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals
- Cano Health shareholders, including members of management, in the $4.4 billion SPAC merger with Jaws Acquisition Corp., which included an $800 million PIPE investment
- The special committee of the board of Eidos Therapeutics in the $2.83 billion merger with BridgeBio Pharma
- Global Blood Therapeutics in its $5.4 billion acquisition by Pfizer
- HCSC in its pending $3.3 billion acquisition of Cigna’s Medicare businesses and CareAllies
- Shire in its $32 billion combination with Baxalta
- Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and its $3.1 billion acquisition of Olink
Financial Services and Insurance
- Aon in its $13 billion acquisition of NFP
- Brookfield Reinsurance in its $4.3 billion acquisition of American Equity Investment Life
Consumer and Retail
- Anheuser-Busch InBev in its $123 billion acquisition of SABMiller and the $12 billion sale of SABMiller’s U.S. and global Miller‑branded businesses to Molson Coors
- Bacardi in its acquisition of ILEGAL Mezcal
- H.J. Heinz and 3G Capital in Heinz’s $60 billion merger with Kraft Foods Group to form The Kraft Heinz Company
- The special committee of the Hudson board of directors in the sale of all remaining equity interests in Hudson to Dufry
- Starbucks in its acquisition of Teavana, its commercial arrangement with Oprah Winfrey and its investment in Square
- Starwood Hotels in its $13.3 billion sale to Marriott International
- Unilever in its acquisition of a majority stake in Nutrafol
Energy and Industrials
- Altra in its $5 billion acquisition by Regal Rexnord, the $3 billion “Reverse Morris Trust” combination with Fortive’s Automation and Specialty platform and the $325 million sale of its Jacobs Vehicle Systems business to Cummins
- Ashland in the $1.8 billion sale of Ashland Water Technologies to Clayton, Dubilier & Rice, the $1.65 billion sale of its performance adhesives business to Arkema, its $660 million acquisition of Pharmachem, the IPO and tax‑free separation of its Valvoline business and the sale of its nutraceuticals business to Turnspire Capital Partners
- Brookfield Renewable in its $2.8 billion acquisition of Duke Energy Renewables
- Honeywell in its proposed $90 billion acquisition of United Technologies, the $300 million sale of Honeywell Technology Solutions and the spin‑off of its Resins and Chemicals business into a new independent public company, AdvanSix
- Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron; the $10 billion investment from Berkshire Hathaway; and the $8.8 billion sale of Anadarko’s African assets to Total
- RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses
Transportation
- Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo
- Canadian National Railway in its proposed $33.6 billion combination with Kansas City Southern
- Delta Air Lines in its acquisition of 49% of Virgin Atlantic from Singapore Airlines and in Delta’s related trans‑Atlantic joint venture with Virgin
- UAL in its merger of equals with Continental Airlines, creating United Continental Holdings
Ms. Angelilli has been repeatedly cited as a leading tax practitioner by, among others, Chambers USA, The Legal 500 US and The Best Lawyers in America. She has been named a “Tax MVP” and was selected to the “Influential Women in Tax Law” list by Law360. Ms. Angelilli has also been named to the list of “Leading Women Lawyers in New York City” by Crain’s New York Business and was named “Best in Tax” by Euromoney Legal Media Group’s Americas Women in Business Law Awards. Additionally, Ms. Angelilli has been recognized by Lawdragon as among the “500 Leading Lawyers in America” and the “500 Leading Dealmakers in America.”
Ms. Angelilli was born in New York, New York. She received a B.S. magna cum laude from the Wharton School of the University of Pennsylvania in 1996 and a J.D. cum laude from Harvard Law School in 2000.
Ms. Angelilli joined Cravath in 2000 and was elected a partner in 2007.
Ms. Angelilli’s experience encompasses a wide range of matters and transaction types. She regularly advises clients in connection with:
- Significant M&A transactions, including for Anheuser-Busch InBev in its $123 billion acquisition of SABMiller; Disney in its $85 billion acquisition of 21st Century Fox; H.J. Heinz and 3G Capital in Heinz’s $60 billion merger with Kraft Foods Group; Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron; and Time Warner in its $109 billion sale to AT&T
- Spin-offs, split‑offs and public listings, including for Ashland in the IPO and tax‑free separation of its Valvoline business; DreamWorks Animation in its IPO; Graham Holdings in the spin‑off of Cable One; Honeywell in the spin‑off of its Resins and Chemicals business into a new independent public company, AdvanSix; Sprint in its spin‑off of EMBARQ; Time Warner in its spin‑offs of Time Inc., AOL and Time Warner Cable and the split‑off of the Atlanta Braves to Liberty Media; White Mountains Insurance in its split‑off of certain insurance businesses to General Reinsurance; and Xerox in the spin‑off of Conduent
- Special committee and board of director matters, including for Endeavor’s special committee in the pending $25 billion take‑private acquisition by Silver Lake; the special committee of the Hudson board of directors in the sale of all remaining equity interests in Hudson to Dufry; Paramount’s special committee in the pending $28 billion merger with Skydance; Viacom’s board committee in the $30 billion merger with CBS; Yahoo’s board committee in the $4.48 billion acquisition of Yahoo’s operating business by Verizon; and the special committee of the board of Eidos Therapeutics in the $2.83 billion merger with BridgeBio Pharma
- Complex private equity transactions, including for the founders of Alliance Animal Health in the significant growth investment from L Catterton; Aras in its substantial growth investment from GI Partners; Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo; Brookfield and its affiliates in Brookfield Reinsurance’s $4.3 billion acquisition of American Equity Investment Life and Brookfield Renewable’s $2.8 billion acquisition of Duke Energy Renewables; Cable One in the formation of Clearwave Fiber, a joint venture with GTCR, Stephens Capital Partners and The Pritzker Organization; and J.D. Power in its sale to Thoma Bravo
Ms. Angelilli has represented clients across a diverse range of industry sectors, with significant depth in technology, media and telecommunications, as well as biotechnology and life sciences. Notable matters include representing:
Technology
- Afterpay in its $29 billion acquisition by Block
- J.D. Power in its sale to Thoma Bravo
- Pitney Bowes in the $700 million sale of its Software Solutions business to Syncsort, its $475 million acquisition of Newgistics and its $395 million acquisition of Borderfree
- Technicolor in the $475 million sale of its Patent Licensing business to InterDigital
- Xerox in the $1.05 billion sale of its information technology outsourcing business to Atos and the spin‑off of Conduent
- Yahoo’s board committee in the $4.48 billion acquisition of Yahoo’s operating business by Verizon
Media and Entertainment
- Amblin Partners in the exit of Participant as an equity holder and NBCUniversal’s re‑investment; its strategic partnership with Alibaba Pictures; and, together with Steven Spielberg, in its formation with Participant Media, Reliance Entertainment and Entertainment One
- 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 and the $3.47 billion sale of its interest in the YES Network to an investor group including the Yankees and Sinclair; Endemol Shine’s acquisition by Banijay Group; the sale of FoxNext Games to Scopely; the sale of a majority stake in Fox TeleColombia & Estudios TeleMexico to ViacomCBS; and ESPN’s strategic alliance with PENN Entertainment to launch ESPN BET
- DreamWorks Animation in a number of matters, including its IPO, the formation of Oriental DreamWorks and its $4.1 billion sale to Comcast
- Endeavor’s special committee in the pending $25 billion take‑private acquisition by Silver Lake
- Paramount’s special committee in the pending $28 billion merger with Skydance
- Quibi in its $750 million Series C private financing, the sale of its global content distribution rights to Roku and its out‑of‑court wind‑down process
- Time Warner in its $109 billion sale to AT&T; its investment in Hulu; and its spin-offs of Time Inc., AOL and Time Warner Cable and the split‑off of the Atlanta Braves to Liberty Media
- Viacom’s board committee in the $30 billion merger with CBS
Telecommunications
- Bharti in the acquisition of, and $1 billion investment in, OneWeb by a consortium led by Bharti and Her Majesty’s Government
- Cable One in its $2.2 billion acquisition of Hargray Communications; its $735 million acquisition of NewWave Communications; its $525.9 million acquisition of Fidelity Communications’ data, video and voice business; its acquisition of Clearwave Communications; the formation of Clearwave Fiber, a joint venture with GTCR, Stephens Capital Partners and The Pritzker Organization; and its strategic partnership with Mega Broadband
- EMBARQ in its acquisition by CenturyTel
- Graham Holdings in the spin‑off of Cable One
- Sprint in its merger with Nextel Communications and later spin-off of EMBARQ
Biotechnology, Life Sciences and Healthcare
- AmerisourceBergen in its $6.5 billion acquisition of Walgreens’ Alliance Healthcare businesses and its strategic relationship with Walgreens and Alliance Boots
- AveXis in its $8.7 billion acquisition by Novartis
- Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals
- Cano Health shareholders, including members of management, in the $4.4 billion SPAC merger with Jaws Acquisition Corp., which included an $800 million PIPE investment
- The special committee of the board of Eidos Therapeutics in the $2.83 billion merger with BridgeBio Pharma
- Global Blood Therapeutics in its $5.4 billion acquisition by Pfizer
- HCSC in its pending $3.3 billion acquisition of Cigna’s Medicare businesses and CareAllies
- Shire in its $32 billion combination with Baxalta
- Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and its $3.1 billion acquisition of Olink
Financial Services and Insurance
- Aon in its $13 billion acquisition of NFP
- Brookfield Reinsurance in its $4.3 billion acquisition of American Equity Investment Life
Consumer and Retail
- Anheuser-Busch InBev in its $123 billion acquisition of SABMiller and the $12 billion sale of SABMiller’s U.S. and global Miller‑branded businesses to Molson Coors
- Bacardi in its acquisition of ILEGAL Mezcal
- H.J. Heinz and 3G Capital in Heinz’s $60 billion merger with Kraft Foods Group to form The Kraft Heinz Company
- The special committee of the Hudson board of directors in the sale of all remaining equity interests in Hudson to Dufry
- Starbucks in its acquisition of Teavana, its commercial arrangement with Oprah Winfrey and its investment in Square
- Starwood Hotels in its $13.3 billion sale to Marriott International
- Unilever in its acquisition of a majority stake in Nutrafol
Energy and Industrials
- Altra in its $5 billion acquisition by Regal Rexnord, the $3 billion “Reverse Morris Trust” combination with Fortive’s Automation and Specialty platform and the $325 million sale of its Jacobs Vehicle Systems business to Cummins
- Ashland in the $1.8 billion sale of Ashland Water Technologies to Clayton, Dubilier & Rice, the $1.65 billion sale of its performance adhesives business to Arkema, its $660 million acquisition of Pharmachem, the IPO and tax‑free separation of its Valvoline business and the sale of its nutraceuticals business to Turnspire Capital Partners
- Brookfield Renewable in its $2.8 billion acquisition of Duke Energy Renewables
- Honeywell in its proposed $90 billion acquisition of United Technologies, the $300 million sale of Honeywell Technology Solutions and the spin‑off of its Resins and Chemicals business into a new independent public company, AdvanSix
- Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron; the $10 billion investment from Berkshire Hathaway; and the $8.8 billion sale of Anadarko’s African assets to Total
- RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses
Transportation
- Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo
- Canadian National Railway in its proposed $33.6 billion combination with Kansas City Southern
- Delta Air Lines in its acquisition of 49% of Virgin Atlantic from Singapore Airlines and in Delta’s related trans‑Atlantic joint venture with Virgin
- UAL in its merger of equals with Continental Airlines, creating United Continental Holdings
Ms. Angelilli has been repeatedly cited as a leading tax practitioner by, among others, Chambers USA, The Legal 500 US and The Best Lawyers in America. She has been named a “Tax MVP” and was selected to the “Influential Women in Tax Law” list by Law360. Ms. Angelilli has also been named to the list of “Leading Women Lawyers in New York City” by Crain’s New York Business and was named “Best in Tax” by Euromoney Legal Media Group’s Americas Women in Business Law Awards. Additionally, Ms. Angelilli has been recognized by Lawdragon as among the “500 Leading Lawyers in America” and the “500 Leading Dealmakers in America.”
Ms. Angelilli was born in New York, New York. She received a B.S. magna cum laude from the Wharton School of the University of Pennsylvania in 1996 and a J.D. cum laude from Harvard Law School in 2000.
Ms. Angelilli joined Cravath in 2000 and was elected a partner in 2007.
Education
-
J.D., 2000, Harvard Law Schoolcum laude
-
B.S., 1996, The Wharton School of the University of Pennsylvaniamagna cum laude
Admitted In
- New York
Rankings
Best Lawyers in America
- Tax Law (2025‑2013)
Chambers USA
- Tax - New York (2024‑2010)
Crain’s New York Business
- Leading Women Lawyers in NYC (2018)
International Tax Review
- World Tax (2010)
Law360
- Influential Women In Tax Law (2019)
- Tax MVP of the Year (2022)
- Rising Star: Tax (2014)
Lawdragon
- 500 Leading Lawyers in America (2024-2020)
- 500 Leading Dealmakers in America (2024-2021)
The Legal 500 Hall of Fame
- US Taxes: Non‑contentious
The Legal 500 US
- International Tax (2024‑2013, 2011)
- US Taxes: Non‑contentious (2024‑2013, 2011, 2010, 2009)
Super Lawyers - New York
- Tax (2024‑2012)
Super Lawyers - Rising Stars - New York
- Tax (2011)
Americas Women in Business Law Awards - Best in Tax, Euromoney Legal Media Group (2016)
Deals & Cases
December 20, 2024
Cable One’s Strategic Partnership with Mega Broadband
On December 20, 2024, Cable One, Inc. (“Cable One”) announced that it has entered into definitive agreements to amend its strategic partnership with Mega Broadband Investments (“MBI”). The strategic partnership provides Cable One with a path for a potential acquisition of all the MBI equity it does not already own pursuant to put option and call option arrangements between Cable One and the other MBI equity holders. The purchase price payable by Cable One upon any exercise of the put option or call option will be determined based on MBI’s future performance and other factors. The transaction is valued at approximately $1.5 billion to $1.7 billion, inclusive of upfront payments made by Cable One and initial estimates of option exercise closing payments and related debt assumption, based on an assumed October 1, 2026 option exercise closing. Cable One is a leading broadband communications provider serving more than 1 million residential and business customers across 24 states. MBI is a leading provider of broadband services across the Southeast, Northwest and Mid‑South United States and offers an extensive range of broadband, fiber connectivity, cable television and voice services for commercial and residential customers. Cravath is representing Cable One in connection with this 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.
Deals & Cases
June 18, 2024
Genpact’s Registered Senior Notes Offering
Cravath represented Genpact Luxembourg S.à r.l. and Genpact USA, Inc. in connection with their $400 million registered senior notes offering, guaranteed by Genpact Limited. Genpact is a global professional services and solutions firm. The transaction closed on June 4, 2024.
Deals & Cases
May 07, 2024
Ashland’s Sale of its Nutraceuticals Business to Turnspire Capital Partners
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
Endeavor’s $25 Billion Take‑Private Acquisition by Silver Lake
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.
Publications
December 19, 2024
IRS and Treasury Publish Final Regulations for Section 48 Investment Tax Credits
On December 18, 2024, Cravath prepared a memo for its clients entitled “IRS and Treasury Publish Final Regulations for Section 48 Investment Tax Credits.” The memo examines the U.S. Department of the Treasury and the Internal Revenue Service’s recently published final regulations regarding the energy credit available under Section 48 of the Internal Revenue Code.
Publications
November 19, 2024
IRS and Treasury Publish Final Regulations for Advanced Manufacturing Production Tax Credits
On November 19, 2024, Cravath prepared a memo for its clients entitled “IRS and Treasury Publish Final Regulations for Advanced Manufacturing Production Tax Credits.” The memo examines the United States Department of the Treasury and the Internal Revenue Service’s recently issued final regulations for Advanced Manufacturing Production Tax Credits under Section 45X of the Internal Revenue Code.
Activities
September 27, 2024
Lauren Angelilli and Andrew Davis Speak at the American Bar Association’s 2024 Fall Tax Meeting
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
May 13, 2024
Lauren Angelilli Speaks at PLI’s 2024 Tax Planning Program
On May 8, 2024, Cravath partner Lauren Angelilli participated in “Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2024,” a program presented by the Practising Law Institute from May 7‑9, 2024, in New York. Lauren spoke on a panel entitled “Distressed Partnerships (Including Bankruptcy and CARES Act),” which reviewed the complexities that arise when a distressed borrower is a partnership, including the assorted types of restructuring transactions that can have varying effects on different partners.
Activities
February 01, 2024
Law360 Names Cravath a 2023 “Tax Practice Group of the Year”
On January 24, 2024, Cravath was featured by Law360 as a “Tax Practice Group of the Year.” The article highlights the Tax Department’s work on a variety of complex global transactions, including its role representing clients Johnson & Johnson in the separation of its Consumer Health Business, Novartis in its $11.4 billion spin‑off of the Sandoz business and Brookfield Renewable in its $2.8 billion acquisition of Duke Energy Renewables.
Lauren Angelilli is Head of the Tax Department. Her practice focuses on advising clients on the tax and structuring aspects of mergers and acquisitions, spin‑offs, restructurings and joint ventures, both domestically and cross‑border. Ms. Angelilli is known by clients and peers for her “extremely deep tax technical knowledge” and her “excellent job of communicating how the technical points impact a deal or business decision.”
Ms. Angelilli’s experience encompasses a wide range of matters and transaction types. She regularly advises clients in connection with:
- Significant M&A transactions, including for Anheuser-Busch InBev in its $123 billion acquisition of SABMiller; Disney in its $85 billion acquisition of 21st Century Fox; H.J. Heinz and 3G Capital in Heinz’s $60 billion merger with Kraft Foods Group; Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron; and Time Warner in its $109 billion sale to AT&T
- Spin-offs, split‑offs and public listings, including for Ashland in the IPO and tax‑free separation of its Valvoline business; DreamWorks Animation in its IPO; Graham Holdings in the spin‑off of Cable One; Honeywell in the spin‑off of its Resins and Chemicals business into a new independent public company, AdvanSix; Sprint in its spin‑off of EMBARQ; Time Warner in its spin‑offs of Time Inc., AOL and Time Warner Cable and the split‑off of the Atlanta Braves to Liberty Media; White Mountains Insurance in its split‑off of certain insurance businesses to General Reinsurance; and Xerox in the spin‑off of Conduent
- Special committee and board of director matters, including for Endeavor’s special committee in the pending $25 billion take‑private acquisition by Silver Lake; the special committee of the Hudson board of directors in the sale of all remaining equity interests in Hudson to Dufry; Paramount’s special committee in the pending $28 billion merger with Skydance; Viacom’s board committee in the $30 billion merger with CBS; Yahoo’s board committee in the $4.48 billion acquisition of Yahoo’s operating business by Verizon; and the special committee of the board of Eidos Therapeutics in the $2.83 billion merger with BridgeBio Pharma
- Complex private equity transactions, including for the founders of Alliance Animal Health in the significant growth investment from L Catterton; Aras in its substantial growth investment from GI Partners; Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo; Brookfield and its affiliates in Brookfield Reinsurance’s $4.3 billion acquisition of American Equity Investment Life and Brookfield Renewable’s $2.8 billion acquisition of Duke Energy Renewables; Cable One in the formation of Clearwave Fiber, a joint venture with GTCR, Stephens Capital Partners and The Pritzker Organization; and J.D. Power in its sale to Thoma Bravo
Ms. Angelilli has represented clients across a diverse range of industry sectors, with significant depth in technology, media and telecommunications, as well as biotechnology and life sciences. Notable matters include representing:
Technology
- Afterpay in its $29 billion acquisition by Block
- J.D. Power in its sale to Thoma Bravo
- Pitney Bowes in the $700 million sale of its Software Solutions business to Syncsort, its $475 million acquisition of Newgistics and its $395 million acquisition of Borderfree
- Technicolor in the $475 million sale of its Patent Licensing business to InterDigital
- Xerox in the $1.05 billion sale of its information technology outsourcing business to Atos and the spin‑off of Conduent
- Yahoo’s board committee in the $4.48 billion acquisition of Yahoo’s operating business by Verizon
Media and Entertainment
- Amblin Partners in the exit of Participant as an equity holder and NBCUniversal’s re‑investment; its strategic partnership with Alibaba Pictures; and, together with Steven Spielberg, in its formation with Participant Media, Reliance Entertainment and Entertainment One
- 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 and the $3.47 billion sale of its interest in the YES Network to an investor group including the Yankees and Sinclair; Endemol Shine’s acquisition by Banijay Group; the sale of FoxNext Games to Scopely; the sale of a majority stake in Fox TeleColombia & Estudios TeleMexico to ViacomCBS; and ESPN’s strategic alliance with PENN Entertainment to launch ESPN BET
- DreamWorks Animation in a number of matters, including its IPO, the formation of Oriental DreamWorks and its $4.1 billion sale to Comcast
- Endeavor’s special committee in the pending $25 billion take‑private acquisition by Silver Lake
- Paramount’s special committee in the pending $28 billion merger with Skydance
- Quibi in its $750 million Series C private financing, the sale of its global content distribution rights to Roku and its out‑of‑court wind‑down process
- Time Warner in its $109 billion sale to AT&T; its investment in Hulu; and its spin-offs of Time Inc., AOL and Time Warner Cable and the split‑off of the Atlanta Braves to Liberty Media
- Viacom’s board committee in the $30 billion merger with CBS
Telecommunications
- Bharti in the acquisition of, and $1 billion investment in, OneWeb by a consortium led by Bharti and Her Majesty’s Government
- Cable One in its $2.2 billion acquisition of Hargray Communications; its $735 million acquisition of NewWave Communications; its $525.9 million acquisition of Fidelity Communications’ data, video and voice business; its acquisition of Clearwave Communications; the formation of Clearwave Fiber, a joint venture with GTCR, Stephens Capital Partners and The Pritzker Organization; and its strategic partnership with Mega Broadband
- EMBARQ in its acquisition by CenturyTel
- Graham Holdings in the spin‑off of Cable One
- Sprint in its merger with Nextel Communications and later spin-off of EMBARQ
Biotechnology, Life Sciences and Healthcare
- AmerisourceBergen in its $6.5 billion acquisition of Walgreens’ Alliance Healthcare businesses and its strategic relationship with Walgreens and Alliance Boots
- AveXis in its $8.7 billion acquisition by Novartis
- Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals
- Cano Health shareholders, including members of management, in the $4.4 billion SPAC merger with Jaws Acquisition Corp., which included an $800 million PIPE investment
- The special committee of the board of Eidos Therapeutics in the $2.83 billion merger with BridgeBio Pharma
- Global Blood Therapeutics in its $5.4 billion acquisition by Pfizer
- HCSC in its pending $3.3 billion acquisition of Cigna’s Medicare businesses and CareAllies
- Shire in its $32 billion combination with Baxalta
- Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and its $3.1 billion acquisition of Olink
Financial Services and Insurance
- Aon in its $13 billion acquisition of NFP
- Brookfield Reinsurance in its $4.3 billion acquisition of American Equity Investment Life
Consumer and Retail
- Anheuser-Busch InBev in its $123 billion acquisition of SABMiller and the $12 billion sale of SABMiller’s U.S. and global Miller‑branded businesses to Molson Coors
- Bacardi in its acquisition of ILEGAL Mezcal
- H.J. Heinz and 3G Capital in Heinz’s $60 billion merger with Kraft Foods Group to form The Kraft Heinz Company
- The special committee of the Hudson board of directors in the sale of all remaining equity interests in Hudson to Dufry
- Starbucks in its acquisition of Teavana, its commercial arrangement with Oprah Winfrey and its investment in Square
- Starwood Hotels in its $13.3 billion sale to Marriott International
- Unilever in its acquisition of a majority stake in Nutrafol
Energy and Industrials
- Altra in its $5 billion acquisition by Regal Rexnord, the $3 billion “Reverse Morris Trust” combination with Fortive’s Automation and Specialty platform and the $325 million sale of its Jacobs Vehicle Systems business to Cummins
- Ashland in the $1.8 billion sale of Ashland Water Technologies to Clayton, Dubilier & Rice, the $1.65 billion sale of its performance adhesives business to Arkema, its $660 million acquisition of Pharmachem, the IPO and tax‑free separation of its Valvoline business and the sale of its nutraceuticals business to Turnspire Capital Partners
- Brookfield Renewable in its $2.8 billion acquisition of Duke Energy Renewables
- Honeywell in its proposed $90 billion acquisition of United Technologies, the $300 million sale of Honeywell Technology Solutions and the spin‑off of its Resins and Chemicals business into a new independent public company, AdvanSix
- Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron; the $10 billion investment from Berkshire Hathaway; and the $8.8 billion sale of Anadarko’s African assets to Total
- RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses
Transportation
- Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo
- Canadian National Railway in its proposed $33.6 billion combination with Kansas City Southern
- Delta Air Lines in its acquisition of 49% of Virgin Atlantic from Singapore Airlines and in Delta’s related trans‑Atlantic joint venture with Virgin
- UAL in its merger of equals with Continental Airlines, creating United Continental Holdings
Ms. Angelilli has been repeatedly cited as a leading tax practitioner by, among others, Chambers USA, The Legal 500 US and The Best Lawyers in America. She has been named a “Tax MVP” and was selected to the “Influential Women in Tax Law” list by Law360. Ms. Angelilli has also been named to the list of “Leading Women Lawyers in New York City” by Crain’s New York Business and was named “Best in Tax” by Euromoney Legal Media Group’s Americas Women in Business Law Awards. Additionally, Ms. Angelilli has been recognized by Lawdragon as among the “500 Leading Lawyers in America” and the “500 Leading Dealmakers in America.”
Ms. Angelilli was born in New York, New York. She received a B.S. magna cum laude from the Wharton School of the University of Pennsylvania in 1996 and a J.D. cum laude from Harvard Law School in 2000.
Ms. Angelilli joined Cravath in 2000 and was elected a partner in 2007.
Ms. Angelilli’s experience encompasses a wide range of matters and transaction types. She regularly advises clients in connection with:
- Significant M&A transactions, including for Anheuser-Busch InBev in its $123 billion acquisition of SABMiller; Disney in its $85 billion acquisition of 21st Century Fox; H.J. Heinz and 3G Capital in Heinz’s $60 billion merger with Kraft Foods Group; Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron; and Time Warner in its $109 billion sale to AT&T
- Spin-offs, split‑offs and public listings, including for Ashland in the IPO and tax‑free separation of its Valvoline business; DreamWorks Animation in its IPO; Graham Holdings in the spin‑off of Cable One; Honeywell in the spin‑off of its Resins and Chemicals business into a new independent public company, AdvanSix; Sprint in its spin‑off of EMBARQ; Time Warner in its spin‑offs of Time Inc., AOL and Time Warner Cable and the split‑off of the Atlanta Braves to Liberty Media; White Mountains Insurance in its split‑off of certain insurance businesses to General Reinsurance; and Xerox in the spin‑off of Conduent
- Special committee and board of director matters, including for Endeavor’s special committee in the pending $25 billion take‑private acquisition by Silver Lake; the special committee of the Hudson board of directors in the sale of all remaining equity interests in Hudson to Dufry; Paramount’s special committee in the pending $28 billion merger with Skydance; Viacom’s board committee in the $30 billion merger with CBS; Yahoo’s board committee in the $4.48 billion acquisition of Yahoo’s operating business by Verizon; and the special committee of the board of Eidos Therapeutics in the $2.83 billion merger with BridgeBio Pharma
- Complex private equity transactions, including for the founders of Alliance Animal Health in the significant growth investment from L Catterton; Aras in its substantial growth investment from GI Partners; Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo; Brookfield and its affiliates in Brookfield Reinsurance’s $4.3 billion acquisition of American Equity Investment Life and Brookfield Renewable’s $2.8 billion acquisition of Duke Energy Renewables; Cable One in the formation of Clearwave Fiber, a joint venture with GTCR, Stephens Capital Partners and The Pritzker Organization; and J.D. Power in its sale to Thoma Bravo
Ms. Angelilli has represented clients across a diverse range of industry sectors, with significant depth in technology, media and telecommunications, as well as biotechnology and life sciences. Notable matters include representing:
Technology
- Afterpay in its $29 billion acquisition by Block
- J.D. Power in its sale to Thoma Bravo
- Pitney Bowes in the $700 million sale of its Software Solutions business to Syncsort, its $475 million acquisition of Newgistics and its $395 million acquisition of Borderfree
- Technicolor in the $475 million sale of its Patent Licensing business to InterDigital
- Xerox in the $1.05 billion sale of its information technology outsourcing business to Atos and the spin‑off of Conduent
- Yahoo’s board committee in the $4.48 billion acquisition of Yahoo’s operating business by Verizon
Media and Entertainment
- Amblin Partners in the exit of Participant as an equity holder and NBCUniversal’s re‑investment; its strategic partnership with Alibaba Pictures; and, together with Steven Spielberg, in its formation with Participant Media, Reliance Entertainment and Entertainment One
- 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 and the $3.47 billion sale of its interest in the YES Network to an investor group including the Yankees and Sinclair; Endemol Shine’s acquisition by Banijay Group; the sale of FoxNext Games to Scopely; the sale of a majority stake in Fox TeleColombia & Estudios TeleMexico to ViacomCBS; and ESPN’s strategic alliance with PENN Entertainment to launch ESPN BET
- DreamWorks Animation in a number of matters, including its IPO, the formation of Oriental DreamWorks and its $4.1 billion sale to Comcast
- Endeavor’s special committee in the pending $25 billion take‑private acquisition by Silver Lake
- Paramount’s special committee in the pending $28 billion merger with Skydance
- Quibi in its $750 million Series C private financing, the sale of its global content distribution rights to Roku and its out‑of‑court wind‑down process
- Time Warner in its $109 billion sale to AT&T; its investment in Hulu; and its spin-offs of Time Inc., AOL and Time Warner Cable and the split‑off of the Atlanta Braves to Liberty Media
- Viacom’s board committee in the $30 billion merger with CBS
Telecommunications
- Bharti in the acquisition of, and $1 billion investment in, OneWeb by a consortium led by Bharti and Her Majesty’s Government
- Cable One in its $2.2 billion acquisition of Hargray Communications; its $735 million acquisition of NewWave Communications; its $525.9 million acquisition of Fidelity Communications’ data, video and voice business; its acquisition of Clearwave Communications; the formation of Clearwave Fiber, a joint venture with GTCR, Stephens Capital Partners and The Pritzker Organization; and its strategic partnership with Mega Broadband
- EMBARQ in its acquisition by CenturyTel
- Graham Holdings in the spin‑off of Cable One
- Sprint in its merger with Nextel Communications and later spin-off of EMBARQ
Biotechnology, Life Sciences and Healthcare
- AmerisourceBergen in its $6.5 billion acquisition of Walgreens’ Alliance Healthcare businesses and its strategic relationship with Walgreens and Alliance Boots
- AveXis in its $8.7 billion acquisition by Novartis
- Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals
- Cano Health shareholders, including members of management, in the $4.4 billion SPAC merger with Jaws Acquisition Corp., which included an $800 million PIPE investment
- The special committee of the board of Eidos Therapeutics in the $2.83 billion merger with BridgeBio Pharma
- Global Blood Therapeutics in its $5.4 billion acquisition by Pfizer
- HCSC in its pending $3.3 billion acquisition of Cigna’s Medicare businesses and CareAllies
- Shire in its $32 billion combination with Baxalta
- Thermo Fisher Scientific in its $20.9 billion acquisition of PPD and its $3.1 billion acquisition of Olink
Financial Services and Insurance
- Aon in its $13 billion acquisition of NFP
- Brookfield Reinsurance in its $4.3 billion acquisition of American Equity Investment Life
Consumer and Retail
- Anheuser-Busch InBev in its $123 billion acquisition of SABMiller and the $12 billion sale of SABMiller’s U.S. and global Miller‑branded businesses to Molson Coors
- Bacardi in its acquisition of ILEGAL Mezcal
- H.J. Heinz and 3G Capital in Heinz’s $60 billion merger with Kraft Foods Group to form The Kraft Heinz Company
- The special committee of the Hudson board of directors in the sale of all remaining equity interests in Hudson to Dufry
- Starbucks in its acquisition of Teavana, its commercial arrangement with Oprah Winfrey and its investment in Square
- Starwood Hotels in its $13.3 billion sale to Marriott International
- Unilever in its acquisition of a majority stake in Nutrafol
Energy and Industrials
- Altra in its $5 billion acquisition by Regal Rexnord, the $3 billion “Reverse Morris Trust” combination with Fortive’s Automation and Specialty platform and the $325 million sale of its Jacobs Vehicle Systems business to Cummins
- Ashland in the $1.8 billion sale of Ashland Water Technologies to Clayton, Dubilier & Rice, the $1.65 billion sale of its performance adhesives business to Arkema, its $660 million acquisition of Pharmachem, the IPO and tax‑free separation of its Valvoline business and the sale of its nutraceuticals business to Turnspire Capital Partners
- Brookfield Renewable in its $2.8 billion acquisition of Duke Energy Renewables
- Honeywell in its proposed $90 billion acquisition of United Technologies, the $300 million sale of Honeywell Technology Solutions and the spin‑off of its Resins and Chemicals business into a new independent public company, AdvanSix
- Occidental Petroleum in its $57 billion acquisition of Anadarko, topping Anadarko’s original agreement with Chevron; the $10 billion investment from Berkshire Hathaway; and the $8.8 billion sale of Anadarko’s African assets to Total
- RWE in its $6.8 billion acquisition of the Con Edison Clean Energy Businesses
Transportation
- Atlas Air in its $5.2 billion acquisition by an investor group led by Apollo
- Canadian National Railway in its proposed $33.6 billion combination with Kansas City Southern
- Delta Air Lines in its acquisition of 49% of Virgin Atlantic from Singapore Airlines and in Delta’s related trans‑Atlantic joint venture with Virgin
- UAL in its merger of equals with Continental Airlines, creating United Continental Holdings
Ms. Angelilli has been repeatedly cited as a leading tax practitioner by, among others, Chambers USA, The Legal 500 US and The Best Lawyers in America. She has been named a “Tax MVP” and was selected to the “Influential Women in Tax Law” list by Law360. Ms. Angelilli has also been named to the list of “Leading Women Lawyers in New York City” by Crain’s New York Business and was named “Best in Tax” by Euromoney Legal Media Group’s Americas Women in Business Law Awards. Additionally, Ms. Angelilli has been recognized by Lawdragon as among the “500 Leading Lawyers in America” and the “500 Leading Dealmakers in America.”
Ms. Angelilli was born in New York, New York. She received a B.S. magna cum laude from the Wharton School of the University of Pennsylvania in 1996 and a J.D. cum laude from Harvard Law School in 2000.
Ms. Angelilli joined Cravath in 2000 and was elected a partner in 2007.
Education
-
J.D., 2000, Harvard Law Schoolcum laude
-
B.S., 1996, The Wharton School of the University of Pennsylvaniamagna cum laude
Admitted In
- New York
Rankings
Best Lawyers in America
- Tax Law (2025‑2013)
Chambers USA
- Tax - New York (2024‑2010)
Crain’s New York Business
- Leading Women Lawyers in NYC (2018)
International Tax Review
- World Tax (2010)
Law360
- Influential Women In Tax Law (2019)
- Tax MVP of the Year (2022)
- Rising Star: Tax (2014)
Lawdragon
- 500 Leading Lawyers in America (2024-2020)
- 500 Leading Dealmakers in America (2024-2021)
The Legal 500 Hall of Fame
- US Taxes: Non‑contentious
The Legal 500 US
- International Tax (2024‑2013, 2011)
- US Taxes: Non‑contentious (2024‑2013, 2011, 2010, 2009)
Super Lawyers - New York
- Tax (2024‑2012)
Super Lawyers - Rising Stars - New York
- Tax (2011)
Americas Women in Business Law Awards - Best in Tax, Euromoney Legal Media Group (2016)
Deals & Cases
December 20, 2024
Cable One’s Strategic Partnership with Mega Broadband
On December 20, 2024, Cable One, Inc. (“Cable One”) announced that it has entered into definitive agreements to amend its strategic partnership with Mega Broadband Investments (“MBI”). The strategic partnership provides Cable One with a path for a potential acquisition of all the MBI equity it does not already own pursuant to put option and call option arrangements between Cable One and the other MBI equity holders. The purchase price payable by Cable One upon any exercise of the put option or call option will be determined based on MBI’s future performance and other factors. The transaction is valued at approximately $1.5 billion to $1.7 billion, inclusive of upfront payments made by Cable One and initial estimates of option exercise closing payments and related debt assumption, based on an assumed October 1, 2026 option exercise closing. Cable One is a leading broadband communications provider serving more than 1 million residential and business customers across 24 states. MBI is a leading provider of broadband services across the Southeast, Northwest and Mid‑South United States and offers an extensive range of broadband, fiber connectivity, cable television and voice services for commercial and residential customers. Cravath is representing Cable One in connection with this 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.
Deals & Cases
June 18, 2024
Genpact’s Registered Senior Notes Offering
Cravath represented Genpact Luxembourg S.à r.l. and Genpact USA, Inc. in connection with their $400 million registered senior notes offering, guaranteed by Genpact Limited. Genpact is a global professional services and solutions firm. The transaction closed on June 4, 2024.
Deals & Cases
May 07, 2024
Ashland’s Sale of its Nutraceuticals Business to Turnspire Capital Partners
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
Endeavor’s $25 Billion Take‑Private Acquisition by Silver Lake
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.
Publications
December 19, 2024
IRS and Treasury Publish Final Regulations for Section 48 Investment Tax Credits
On December 18, 2024, Cravath prepared a memo for its clients entitled “IRS and Treasury Publish Final Regulations for Section 48 Investment Tax Credits.” The memo examines the U.S. Department of the Treasury and the Internal Revenue Service’s recently published final regulations regarding the energy credit available under Section 48 of the Internal Revenue Code.
Publications
November 19, 2024
IRS and Treasury Publish Final Regulations for Advanced Manufacturing Production Tax Credits
On November 19, 2024, Cravath prepared a memo for its clients entitled “IRS and Treasury Publish Final Regulations for Advanced Manufacturing Production Tax Credits.” The memo examines the United States Department of the Treasury and the Internal Revenue Service’s recently issued final regulations for Advanced Manufacturing Production Tax Credits under Section 45X of the Internal Revenue Code.
Activities
September 27, 2024
Lauren Angelilli and Andrew Davis Speak at the American Bar Association’s 2024 Fall Tax Meeting
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
May 13, 2024
Lauren Angelilli Speaks at PLI’s 2024 Tax Planning Program
On May 8, 2024, Cravath partner Lauren Angelilli participated in “Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2024,” a program presented by the Practising Law Institute from May 7‑9, 2024, in New York. Lauren spoke on a panel entitled “Distressed Partnerships (Including Bankruptcy and CARES Act),” which reviewed the complexities that arise when a distressed borrower is a partnership, including the assorted types of restructuring transactions that can have varying effects on different partners.
Activities
February 01, 2024
Law360 Names Cravath a 2023 “Tax Practice Group of the Year”
On January 24, 2024, Cravath was featured by Law360 as a “Tax Practice Group of the Year.” The article highlights the Tax Department’s work on a variety of complex global transactions, including its role representing clients Johnson & Johnson in the separation of its Consumer Health Business, Novartis in its $11.4 billion spin‑off of the Sandoz business and Brookfield Renewable in its $2.8 billion acquisition of Duke Energy Renewables.
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