Tax

On March 18, 2025, Wiz, Inc. (“Wiz”), a leading cloud security platform headquartered in New York, and Google LLC (“Google”) announced they have signed a definitive agreement for Google to acquire Wiz for $32 billion, subject to closing adjustments, in an all‑cash transaction. Once closed, Wiz will join Google Cloud. Cravath is representing Wiz as regulatory counsel in connection with the transaction.

Cravath represented ADT Inc. in connection with the $613.4 million registered secondary offering of common stock and share repurchase by certain entities managed by affiliates of Apollo Global Management, Inc. ADT Inc. is a leading provider of security, interactive, and smart home solutions. The transaction closed on March 4, 2025.

Cravath represented the underwriters in connection with the $5 billion registered notes offering of the State of Israel. The notes were listed on the London Stock Exchange. The transaction closed on February 19, 2025.

On March 4, 2025, Pacific General, a New York‑based private investment firm, announced that it has acquired a majority stake in Lenwich, a premium sandwich brand that has been a staple in New York City since 1989. Lenwich’s founder will retain a significant equity interest in the company and continue to lead Lenwich as CEO. The partnership between Pacific General and Lenwich aims to accelerate Lenwich’s expansion beyond its home market in New York City, extending across the East Coast and the broader United States. Cravath is representing Pacific General in connection with the transaction.

Cravath represented the European Investment Bank (“EIB”) in connection with its $3 billion SEC registered notes offering. The purpose of the EIB is to contribute to the balanced and steady development of the internal market among Member States of the European Union. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on February 12, 2025.

Seven Cravath partners were selected to serve on Law360’s 2025 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Brittany L. Sukiennik (Trials), Douglas Dolan (Capital Markets), Arvind Ravichandran (Tax Authority International), Jeffrey T. Dinwoodie (Banking), Adam M. Sanchez (Private Equity) and Benjamin G. Joseloff (International Trade). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.

Andrew Compton is a partner in the Corporate Department at Cravath. In the Season 9 premiere of On Tax, he and fellow Cravath partner and host Len Teti talk about how his work in the energy and energy transition sectors intersects with the world of tax, and the importance of taking calculated risks throughout one’s career. Andrew also discusses the lessons he learned while working in Asia, including the benefits of finding commonality with the people on the other side of the negotiating table.

On February 25, 2025, Tax Notes published “Let’s Rethink Partnership Contributed Property,” an article written by Cravath partner Arvind Ravichandran. The article argues that a fundamental section of partnership tax law regarding contributed property can be eliminated, thereby meaningfully improving partnership tax administration for taxpayers and the IRS.

On February 26, 2025, Cravath and Harvard Law School hosted a program to celebrate the work of the Cravath International Fellows, which was held in Cambridge, Massachusetts. Established in 2006 by Cravath partners who are Harvard Law School alumni, under the leadership of the late Robert D. Joffe, the Cravath International Fellowships program provides financial assistance, including travel and living expenses, to students pursuing academic projects during their Winter Term with an international, transnational or comparative law focus. Approximately 12 Cravath International Fellowships are awarded annually.

On February 20, 2025, Cravath partner Andrew T. Davis participated in the American Bar Association’s 2025 Midyear Tax Meeting, which was held from February 19-21 in Los Angeles. The event convened leading tax attorneys and government officials to discuss the latest federal, state and local tax policies and other topics. Andrew spoke on a panel entitled “CAMT Proposed Regulations,” which explored topics related to the recently released corporate alternative minimum tax (CAMT) proposed regulations, including CAMT’s application to multinational groups, CAMT considerations in M&A transactions and issues left unaddressed by the proposed regulations.