Four Decades for Justice
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:
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
Media and Entertainment
Telecommunications
Biotechnology, Life Sciences and Healthcare
Financial Services and Insurance
Consumer and Retail
Energy and Industrials
Transportation
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:
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
Media and Entertainment
Telecommunications
Biotechnology, Life Sciences and Healthcare
Financial Services and Insurance
Consumer and Retail
Energy and Industrials
Transportation
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.
Best Lawyers in America
Chambers USA
Crain’s New York Business
International Tax Review
Law360
Lawdragon
The Legal 500 Hall of Fame
The Legal 500 US
Super Lawyers - New York
Super Lawyers - Rising Stars - New York
Who’s Who Legal
Americas Women in Business Law Awards - Best in Tax, Euromoney Legal Media Group (2016)
Deals & Cases
April 02, 2024
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.
Deals & Cases
March 21, 2024
Cravath represented ODDITY Tech Ltd. (“ODDITY”) in connection with the $239 million registered secondary offering of ODDITY’s class A ordinary shares by a fund managed by L Catterton. ODDITY is a consumer tech company that builds and scales digital‑first brands for the beauty and wellness industries in the United States and internationally. ODDITY owns IL MAKIAGE and SpoiledChild. The shares were listed on the NASDAQ Global Market. The transaction closed on March 19, 2024.
Deals & Cases
January 31, 2024
On January 31, 2024, Health Care Service Corporation (“HCSC”), the country’s largest customer‑owned health insurer, announced that it has signed a definitive agreement with The Cigna Group (“Cigna”) to acquire its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses for a purchase price of $3.3 billion. Cigna’s Medicare plans currently serve 3.6 million Medicare members. Cravath is representing HCSC in connection with the transaction.
Deals & Cases
January 29, 2024
On January 29, 2024, Montana Technologies LLC (“Montana Technologies”) announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana Technologies’ patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia. Cravath is representing Montana Technologies in connection with the transaction.
Deals & Cases
December 20, 2023
On December 20, 2023, Aon plc (“Aon”), a leading global professional services firm, announced the signing of a definitive agreement to acquire NFP, a leading middle‑market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners, and funds affiliated with HPS Investment Partners. Under the terms of the transaction, Aon will acquire NFP for a total consideration estimated to be $13.4 billion at the time of close, which will be funded by $7 billion of cash and $6.4 billion of Aon stock. Cravath is representing Aon in connection with the transaction.
Accolades
February 01, 2024
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.
Activities & Publications
October 30, 2023
Cravath partner Lauren Angelilli participated in the 82nd Institute on Federal Taxation, which was hosted by the New York University School of Professional Studies from October 22‑27, 2023, in New York and hosted leading professionals to discuss the latest trends and developments in federal tax matters. Lauren spoke on a panel entitled “S Corporations - Not So Simple In Practice,” which examined the challenges and opportunities encountered in M&A transactions involving S corporations.
Activities & Publications
October 27, 2023
Cravath partner Lauren Angelilli and retired partner Michael L. Schler spoke at “Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2023,” a program presented by the Practising Law Institute from October 25-27, 2023, in New York. The event convened leading tax practitioners from law firms, accounting firms, corporations and academia to discuss the tax issues presented by the entire spectrum of modern major corporate transactions.
Activities & Publications
May 10, 2023
On May 10, 2023, Cravath partner Lauren Angelilli participated in “Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2023,” a program presented by the Practising Law Institute from May 9‑11, 2023 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 various types of restructuring transactions that can have varying effects on different partners.
Activities & Publications
January 26, 2023
On January 24, 2023, Cravath partner Lauren Angelilli spoke at the USC Gould School of Law 2023 Tax Institute, which was held virtually from January 23-25, 2023. Lauren spoke on a panel entitled “Partnership Compensation,” which examined tax considerations relevant to the use of partnership equity to compensate service providers, and reviewed the framework of rules applicable to profits interests, the effect of Section 1061 on their tax treatment, and how the application of these rules can vary in different scenarios and influence the optimal structure for exit.
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:
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
Media and Entertainment
Telecommunications
Biotechnology, Life Sciences and Healthcare
Financial Services and Insurance
Consumer and Retail
Energy and Industrials
Transportation
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:
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
Media and Entertainment
Telecommunications
Biotechnology, Life Sciences and Healthcare
Financial Services and Insurance
Consumer and Retail
Energy and Industrials
Transportation
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.
Best Lawyers in America
Chambers USA
Crain’s New York Business
International Tax Review
Law360
Lawdragon
The Legal 500 Hall of Fame
The Legal 500 US
Super Lawyers - New York
Super Lawyers - Rising Stars - New York
Who’s Who Legal
Americas Women in Business Law Awards - Best in Tax, Euromoney Legal Media Group (2016)
Deals & Cases
April 02, 2024
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.
Deals & Cases
March 21, 2024
Cravath represented ODDITY Tech Ltd. (“ODDITY”) in connection with the $239 million registered secondary offering of ODDITY’s class A ordinary shares by a fund managed by L Catterton. ODDITY is a consumer tech company that builds and scales digital‑first brands for the beauty and wellness industries in the United States and internationally. ODDITY owns IL MAKIAGE and SpoiledChild. The shares were listed on the NASDAQ Global Market. The transaction closed on March 19, 2024.
Deals & Cases
January 31, 2024
On January 31, 2024, Health Care Service Corporation (“HCSC”), the country’s largest customer‑owned health insurer, announced that it has signed a definitive agreement with The Cigna Group (“Cigna”) to acquire its Medicare Advantage, Medicare Supplemental Benefits, Medicare Part D and CareAllies businesses for a purchase price of $3.3 billion. Cigna’s Medicare plans currently serve 3.6 million Medicare members. Cravath is representing HCSC in connection with the transaction.
Deals & Cases
January 29, 2024
On January 29, 2024, Montana Technologies LLC (“Montana Technologies”) announced an agreement to form a joint venture with GE Vernova, a global leader in electrification, decarbonization, and energy solutions, to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize Montana Technologies’ patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The joint venture will exclusively manufacture and supply products incorporating the combined technologies to leading original equipment manufacturers and customers in the Americas, Africa, and Australia. Cravath is representing Montana Technologies in connection with the transaction.
Deals & Cases
December 20, 2023
On December 20, 2023, Aon plc (“Aon”), a leading global professional services firm, announced the signing of a definitive agreement to acquire NFP, a leading middle‑market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP’s main capital sponsor, Madison Dearborn Partners, and funds affiliated with HPS Investment Partners. Under the terms of the transaction, Aon will acquire NFP for a total consideration estimated to be $13.4 billion at the time of close, which will be funded by $7 billion of cash and $6.4 billion of Aon stock. Cravath is representing Aon in connection with the transaction.
Accolades
February 01, 2024
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.
Activities & Publications
October 30, 2023
Cravath partner Lauren Angelilli participated in the 82nd Institute on Federal Taxation, which was hosted by the New York University School of Professional Studies from October 22‑27, 2023, in New York and hosted leading professionals to discuss the latest trends and developments in federal tax matters. Lauren spoke on a panel entitled “S Corporations - Not So Simple In Practice,” which examined the challenges and opportunities encountered in M&A transactions involving S corporations.
Activities & Publications
October 27, 2023
Cravath partner Lauren Angelilli and retired partner Michael L. Schler spoke at “Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings 2023,” a program presented by the Practising Law Institute from October 25-27, 2023, in New York. The event convened leading tax practitioners from law firms, accounting firms, corporations and academia to discuss the tax issues presented by the entire spectrum of modern major corporate transactions.
Activities & Publications
May 10, 2023
On May 10, 2023, Cravath partner Lauren Angelilli participated in “Tax Planning for Domestic & Foreign Partnerships, LLCs, Joint Ventures & Other Strategic Alliances 2023,” a program presented by the Practising Law Institute from May 9‑11, 2023 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 various types of restructuring transactions that can have varying effects on different partners.
Activities & Publications
January 26, 2023
On January 24, 2023, Cravath partner Lauren Angelilli spoke at the USC Gould School of Law 2023 Tax Institute, which was held virtually from January 23-25, 2023. Lauren spoke on a panel entitled “Partnership Compensation,” which examined tax considerations relevant to the use of partnership equity to compensate service providers, and reviewed the framework of rules applicable to profits interests, the effect of Section 1061 on their tax treatment, and how the application of these rules can vary in different scenarios and influence the optimal structure for exit.
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