Professional Services

On September 25, 2024, Investcorp a leading global alternative investment firm, announced its acquisition of Stowe Family Law Holdings Limited, the largest specialist family law firm in the United Kingdom. Cravath represented Investcorp in the committed debt financing in connection with the transaction.

On July 9, 2024, Altus Group Limited (“Altus Group”), a leading provider of asset and fund intelligence for commercial real estate, announced that it has signed a definitive agreement to sell its global Property Tax business to Ryan, LLC (“Ryan”), a leading global tax services and software provider, for total cash consideration of C$700 million. In addition to the definitive agreement, Ryan has also committed to enter a C$15 million Altus Market Insights subscription agreement at the close of the transaction, with an initial three‑year term of C$5 million per year. Cravath is representing Altus Group as U.S. counsel in connection with the transaction.

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.

Cravath represented Randolph Acquisition Corp., a wholly owned subsidiary of Aon plc, in connection with its $3.3 billion cash tender offer and consent solicitation for any and all notes of NFP Corp. This tender offer was made in connection with Randolph Acquisition Corp.’s acquisition of NFP Intermediate Holdings A Corp., a parent of NFP Corp. Aon plc is a leading global professional services firm providing a broad range of risk and human capital solutions. The offer expired on April 26, 2024.

Cravath represented Aon North America, Inc. in connection with its $6 billion registered senior notes offering, guaranteed by Aon plc and certain of its subsidiaries. Aon plc is a leading global professional services firm providing a broad range of risk and human capital solutions. Proceeds of the offering will be used to finance the acquisition of NFP Intermediate Holdings A Corp. The transaction closed on March 1, 2024.

On June 6, 2024, Cravath partners John W. White and Jennifer S. Leete participated in the 42nd Annual SEC and Financial Reporting Institute Conference, which was co‑hosted by the University of Southern California’s Leventhal School of Accounting and Financial Executives International in Los Angeles. The conference featured business and accounting executives and leading professionals from the U.S. Securities and Exchange Commission, the Financial Accounting Standards Board and Public Company Accounting Oversight Board to discuss recent SEC and financial reporting issues. John is Chair of the Institute’s Advisory Board.

On January 11, 2024, Cravath partner Jennifer S. Leete participated in “Audit Committees, Special Committees and Internal Investigations 2024,” a program presented by the Practising Law Institute in New York. Jennifer spoke on a panel entitled “Regulatory and Financial Reporting Developments – What Audit Committee and Special Committee Members Need to Know,” which reviewed the recent trends and developments regarding financial reporting concerns impacting audit committees and how auditing professionals should prepare for and integrate these changes from the Public Company Accounting Oversight Board’s perspective.