Four Decades for Justice
Christopher K. Fargo represents clients in connection with the tax aspects of mergers and acquisitions, reorganizations, securities offerings and joint ventures. Mr. Fargo has advised on matters across a broad range of industries, including media and entertainment, consumer products, retail, telecommunications, transportation, energy, healthcare and fintech.
His notable transactions include representing:
altafiber in the pending $670 million sale of CBTS to TowerBrook, its $2.9 billion acquisition by Macquarie Infrastructure, its $650 million combination with Hawaiian Telcom, its $201 million acquisition of OnX Enterprise Solutions and the $361 million carve‑out IPO of CyrusOne as a REIT;
White Mountains Insurance in its $300 million acquisition of a majority stake in Bamboo, its equity investment in Kudu, its $388 million acquisition of NSM Insurance Group and the $1.775 billion sale of NSM to Carlyle, its investment in Elementum Advisors, MediaAlpha’s sale of a significant minority stake to Insignia Capital and its sale of TRANZACT to Clayton Dubilier & Rice;
OUTFRONT Media in the pending C$410 million divestiture of its Canadian business to Bell Media;
AngloGold Ashanti in its corporate restructuring and change to domicile and primary listing location;
CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
Eurazeo in its acquisition of Scaled Agile;
Mr. Fargo has been repeatedly recognized for his work in the tax arena by Chambers USA and The Legal 500 US. In 2017, he was named a “Rising Star” by Law360, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40. In addition, Mr. Fargo has been named a “Leading Lawyer” in international tax by The Legal 500 US and as one of the “500 Leading Dealmakers in America” by Lawdragon. He is a member of the Tax Section of the New York State Bar Association.
Mr. Fargo was born in Boston, Massachusetts. He received a B.A. cum laude from Boston College in 2003 and a J.D. from Columbia Law School in 2006, where he was a Harlan Fiske Stone Scholar.
Mr. Fargo joined Cravath in 2006 and was elected a partner in 2013.
His notable transactions include representing:
altafiber in the pending $670 million sale of CBTS to TowerBrook, its $2.9 billion acquisition by Macquarie Infrastructure, its $650 million combination with Hawaiian Telcom, its $201 million acquisition of OnX Enterprise Solutions and the $361 million carve‑out IPO of CyrusOne as a REIT;
White Mountains Insurance in its $300 million acquisition of a majority stake in Bamboo, its equity investment in Kudu, its $388 million acquisition of NSM Insurance Group and the $1.775 billion sale of NSM to Carlyle, its investment in Elementum Advisors, MediaAlpha’s sale of a significant minority stake to Insignia Capital and its sale of TRANZACT to Clayton Dubilier & Rice;
OUTFRONT Media in the pending C$410 million divestiture of its Canadian business to Bell Media;
AngloGold Ashanti in its corporate restructuring and change to domicile and primary listing location;
CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
Eurazeo in its acquisition of Scaled Agile;
Mr. Fargo has been repeatedly recognized for his work in the tax arena by Chambers USA and The Legal 500 US. In 2017, he was named a “Rising Star” by Law360, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40. In addition, Mr. Fargo has been named a “Leading Lawyer” in international tax by The Legal 500 US and as one of the “500 Leading Dealmakers in America” by Lawdragon. He is a member of the Tax Section of the New York State Bar Association.
Mr. Fargo was born in Boston, Massachusetts. He received a B.A. cum laude from Boston College in 2003 and a J.D. from Columbia Law School in 2006, where he was a Harlan Fiske Stone Scholar.
Mr. Fargo joined Cravath in 2006 and was elected a partner in 2013.
Chambers USA
Law360
Lawdragon
The Legal 500 US
Deals & Cases
February 12, 2024
On February 12, 2024, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (“BWI Southeast”) for $2.05 billion in cash. Additionally, on February 9, 2024, Martin Marietta completed its previously announced divestiture of its South Texas cement and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transactions.
Deals & Cases
February 06, 2024
On February 6, 2024, altafiber, provider of integrated communications solutions over its fiber‑optic network to residential and business customers in Ohio, Kentucky, and Indiana, and TowerBrook Capital Partners (“TowerBrook”), the New York and London‑based international investment firm, announced that TowerBrook has agreed to acquire CBTS, a leading North American provider of IT solutions and services, from altafiber. Cravath is representing altafiber in connection with the transaction.
Deals & Cases
February 01, 2024
On February 1, 2024, DRI Healthcare Trust (“the Trust”), a global leader in providing financing to advance innovation in the life sciences industry, announced it has expanded its interest in royalties on the U.S. net sales of Omidria® by amending its existing agreement with Omeros Corporation ("Omeros") for $115 million on closing and up to $55 million in potential sales‑based milestone payments. As a result, the Trust will now receive 100% of Omeros’s royalties on the U.S. net sales of Omidria® through December 31, 2031. Cravath is representing DRI Healthcare Trust in connection with the transaction.
Deals & Cases
January 31, 2024
Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with their $1.5 billion registered senior notes offering. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the global leader in aircraft leasing. The notes were listed on the Irish Stock Exchange. The transaction closed on January 11, 2024.
Deals & Cases
December 22, 2023
Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with their $1.5 billion private exchange offer for certain of their outstanding notes. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the world's largest independent aircraft leasing company. The transaction closed on December 5, 2023.
Activities & Publications
February 14, 2024
Cravath partners G.J. Ligelis Jr., Alyssa K. Caples, Christopher K. Fargo and Margaret T. Segall co‑authored the U.S. Law & Practice chapter of the fourth edition of Chambers “Investing In… 2024” Guide, which was published in January 2024. The guide, which is part of the publisher’s Global Practice Guides series, examines country‑specific legal issues that arise from foreign direct investment (“FDI”) and cross‑border transactions in the more than 30 jurisdictions covered. The U.S. Law & Practice chapter surveys the legal system and regulatory framework for FDI in the country, analyzing the economic climate, as well as considerations related to mergers and acquisitions, corporate governance, capital markets, antitrust, national security, tax, employment and intellectual property.
Activities & Publications
March 03, 2023
Cravath partners G.J. Ligelis Jr., Alyssa K. Caples, Christopher K. Fargo and Margaret T. Segall co-authored the U.S. Law & Practice chapter of the third edition of Chambers “Investing In… 2023” Guide, which was published in January 2023. The guide, which is part of the publisher’s Global Practice Guides series, examines country specific legal issues that arise from foreign direct investment (“FDI”) and cross border transactions in the 33 jurisdictions covered. The U.S. Law & Practice chapter surveys the legal system and regulatory framework for FDI in the country, analyzing the economic climate, as well as considerations related to mergers and acquisitions, corporate governance, capital markets, antitrust, national security, tax, employment and intellectual property.
Activities & Publications
January 31, 2022
On January 28, 2022, the Harvard Law School Forum on Corporate Governance published an article written by Cravath partners David J. Kappos, Minh Van Ngo, John D. Buretta, Christopher K. Fargo, Sasha Rosenthal-Larrea and Arvind Ravichandran entitled “Blockchain in the Banking Sector: A Review of the Landscape and Opportunities.” Originally published for Cravath’s clients on November 15, 2021, the article analyzes the potential applications of blockchain most significant to the banking industry, including blockchain‑based currency, lending and clearance and settlement systems. The paper reviews the landscape and potential opportunities, concluding that now is an opportune time for policy makers to provide a clearly delineated regulatory framework that would allow the benefits of blockchain technology to be realized in the United States banking sector.
Activities & Publications
May 05, 2021
On May 4, 2021, Cravath prepared for its clients a memo entitled “The Federal Reserve, FDIC and OCC Release Proposal on Tax Allocation Agreements and Invite Comment,” which examined a newly proposed rule that would codify, and make additions to, existing guidance on income tax allocation agreements among banks and their holding companies and affiliates. The rule, proposed by the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, would require any bank that files federal or state income tax returns as part of a consolidated group that includes members other than the bank and its subsidiaries to enter into a tax allocation agreement containing specified terms. The memo provides insight on general requirements included in the rule, required provisions for tax allocation agreements and other considerations relevant to banks during tax filing.
Christopher K. Fargo represents clients in connection with the tax aspects of mergers and acquisitions, reorganizations, securities offerings and joint ventures. Mr. Fargo has advised on matters across a broad range of industries, including media and entertainment, consumer products, retail, telecommunications, transportation, energy, healthcare and fintech.
His notable transactions include representing:
altafiber in the pending $670 million sale of CBTS to TowerBrook, its $2.9 billion acquisition by Macquarie Infrastructure, its $650 million combination with Hawaiian Telcom, its $201 million acquisition of OnX Enterprise Solutions and the $361 million carve‑out IPO of CyrusOne as a REIT;
White Mountains Insurance in its $300 million acquisition of a majority stake in Bamboo, its equity investment in Kudu, its $388 million acquisition of NSM Insurance Group and the $1.775 billion sale of NSM to Carlyle, its investment in Elementum Advisors, MediaAlpha’s sale of a significant minority stake to Insignia Capital and its sale of TRANZACT to Clayton Dubilier & Rice;
OUTFRONT Media in the pending C$410 million divestiture of its Canadian business to Bell Media;
AngloGold Ashanti in its corporate restructuring and change to domicile and primary listing location;
CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
Eurazeo in its acquisition of Scaled Agile;
Mr. Fargo has been repeatedly recognized for his work in the tax arena by Chambers USA and The Legal 500 US. In 2017, he was named a “Rising Star” by Law360, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40. In addition, Mr. Fargo has been named a “Leading Lawyer” in international tax by The Legal 500 US and as one of the “500 Leading Dealmakers in America” by Lawdragon. He is a member of the Tax Section of the New York State Bar Association.
Mr. Fargo was born in Boston, Massachusetts. He received a B.A. cum laude from Boston College in 2003 and a J.D. from Columbia Law School in 2006, where he was a Harlan Fiske Stone Scholar.
Mr. Fargo joined Cravath in 2006 and was elected a partner in 2013.
His notable transactions include representing:
altafiber in the pending $670 million sale of CBTS to TowerBrook, its $2.9 billion acquisition by Macquarie Infrastructure, its $650 million combination with Hawaiian Telcom, its $201 million acquisition of OnX Enterprise Solutions and the $361 million carve‑out IPO of CyrusOne as a REIT;
White Mountains Insurance in its $300 million acquisition of a majority stake in Bamboo, its equity investment in Kudu, its $388 million acquisition of NSM Insurance Group and the $1.775 billion sale of NSM to Carlyle, its investment in Elementum Advisors, MediaAlpha’s sale of a significant minority stake to Insignia Capital and its sale of TRANZACT to Clayton Dubilier & Rice;
OUTFRONT Media in the pending C$410 million divestiture of its Canadian business to Bell Media;
AngloGold Ashanti in its corporate restructuring and change to domicile and primary listing location;
CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners;
Eurazeo in its acquisition of Scaled Agile;
Mr. Fargo has been repeatedly recognized for his work in the tax arena by Chambers USA and The Legal 500 US. In 2017, he was named a “Rising Star” by Law360, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40. In addition, Mr. Fargo has been named a “Leading Lawyer” in international tax by The Legal 500 US and as one of the “500 Leading Dealmakers in America” by Lawdragon. He is a member of the Tax Section of the New York State Bar Association.
Mr. Fargo was born in Boston, Massachusetts. He received a B.A. cum laude from Boston College in 2003 and a J.D. from Columbia Law School in 2006, where he was a Harlan Fiske Stone Scholar.
Mr. Fargo joined Cravath in 2006 and was elected a partner in 2013.
Chambers USA
Law360
Lawdragon
The Legal 500 US
Deals & Cases
February 12, 2024
On February 12, 2024, Martin Marietta Materials, Inc. (“Martin Marietta”) announced that on February 11, 2024, it entered into a definitive agreement to acquire 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (“BWI Southeast”) for $2.05 billion in cash. Additionally, on February 9, 2024, Martin Marietta completed its previously announced divestiture of its South Texas cement and related concrete operations to CRH Americas Materials, Inc., a subsidiary of CRH plc, for $2.1 billion in cash. Cravath is representing Martin Marietta in connection with the transactions.
Deals & Cases
February 06, 2024
On February 6, 2024, altafiber, provider of integrated communications solutions over its fiber‑optic network to residential and business customers in Ohio, Kentucky, and Indiana, and TowerBrook Capital Partners (“TowerBrook”), the New York and London‑based international investment firm, announced that TowerBrook has agreed to acquire CBTS, a leading North American provider of IT solutions and services, from altafiber. Cravath is representing altafiber in connection with the transaction.
Deals & Cases
February 01, 2024
On February 1, 2024, DRI Healthcare Trust (“the Trust”), a global leader in providing financing to advance innovation in the life sciences industry, announced it has expanded its interest in royalties on the U.S. net sales of Omidria® by amending its existing agreement with Omeros Corporation ("Omeros") for $115 million on closing and up to $55 million in potential sales‑based milestone payments. As a result, the Trust will now receive 100% of Omeros’s royalties on the U.S. net sales of Omidria® through December 31, 2031. Cravath is representing DRI Healthcare Trust in connection with the transaction.
Deals & Cases
January 31, 2024
Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with their $1.5 billion registered senior notes offering. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the global leader in aircraft leasing. The notes were listed on the Irish Stock Exchange. The transaction closed on January 11, 2024.
Deals & Cases
December 22, 2023
Cravath represented AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust in connection with their $1.5 billion private exchange offer for certain of their outstanding notes. AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust are wholly owned subsidiaries of AerCap Holdings N.V., the world's largest independent aircraft leasing company. The transaction closed on December 5, 2023.
Activities & Publications
February 14, 2024
Cravath partners G.J. Ligelis Jr., Alyssa K. Caples, Christopher K. Fargo and Margaret T. Segall co‑authored the U.S. Law & Practice chapter of the fourth edition of Chambers “Investing In… 2024” Guide, which was published in January 2024. The guide, which is part of the publisher’s Global Practice Guides series, examines country‑specific legal issues that arise from foreign direct investment (“FDI”) and cross‑border transactions in the more than 30 jurisdictions covered. The U.S. Law & Practice chapter surveys the legal system and regulatory framework for FDI in the country, analyzing the economic climate, as well as considerations related to mergers and acquisitions, corporate governance, capital markets, antitrust, national security, tax, employment and intellectual property.
Activities & Publications
March 03, 2023
Cravath partners G.J. Ligelis Jr., Alyssa K. Caples, Christopher K. Fargo and Margaret T. Segall co-authored the U.S. Law & Practice chapter of the third edition of Chambers “Investing In… 2023” Guide, which was published in January 2023. The guide, which is part of the publisher’s Global Practice Guides series, examines country specific legal issues that arise from foreign direct investment (“FDI”) and cross border transactions in the 33 jurisdictions covered. The U.S. Law & Practice chapter surveys the legal system and regulatory framework for FDI in the country, analyzing the economic climate, as well as considerations related to mergers and acquisitions, corporate governance, capital markets, antitrust, national security, tax, employment and intellectual property.
Activities & Publications
January 31, 2022
On January 28, 2022, the Harvard Law School Forum on Corporate Governance published an article written by Cravath partners David J. Kappos, Minh Van Ngo, John D. Buretta, Christopher K. Fargo, Sasha Rosenthal-Larrea and Arvind Ravichandran entitled “Blockchain in the Banking Sector: A Review of the Landscape and Opportunities.” Originally published for Cravath’s clients on November 15, 2021, the article analyzes the potential applications of blockchain most significant to the banking industry, including blockchain‑based currency, lending and clearance and settlement systems. The paper reviews the landscape and potential opportunities, concluding that now is an opportune time for policy makers to provide a clearly delineated regulatory framework that would allow the benefits of blockchain technology to be realized in the United States banking sector.
Activities & Publications
May 05, 2021
On May 4, 2021, Cravath prepared for its clients a memo entitled “The Federal Reserve, FDIC and OCC Release Proposal on Tax Allocation Agreements and Invite Comment,” which examined a newly proposed rule that would codify, and make additions to, existing guidance on income tax allocation agreements among banks and their holding companies and affiliates. The rule, proposed by the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, would require any bank that files federal or state income tax returns as part of a consolidated group that includes members other than the bank and its subsidiaries to enter into a tax allocation agreement containing specified terms. The memo provides insight on general requirements included in the rule, required provisions for tax allocation agreements and other considerations relevant to banks during tax filing.
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