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Aptuit's Acquisition by Evotec

On July 30, 2017, Aptuit and Evotec AG announced that they have entered into a definitive agreement under which Evotec, a leading global player in the external innovation marketplace, will acquire Aptuit, a partner research organisation for integrated outsourced drug discovery and development solutions, for $300 million. Cravath is representing Aptuit in connection with the transaction.

The Cravath team is led by partner Thomas E. Dunn and includes associates Christopher P. Davis and Nicholas J. Maida and summer associate Eric S. Goodwin on M&A matters; partners Andrew W. Needham and Christopher K. Fargo and associate Andrew T. Davis on tax matters; partner Jennifer S. Conway and associates Matthew Cantor and Christopher C. Gonnella on executive compensation and benefits matters; and senior attorney Annmarie M. Terraciano on environmental matters.