Four Decades for Justice
J. Leonard Teti II advises on the tax aspects of mergers and acquisitions, spin‑offs and private equity transactions. Clients seek out Mr. Teti for his ability to provide practical, clear and commercial advice on the tax issues central to complex domestic and cross‑border transactions. He also advises clients during the course of audits by the Internal Revenue Service and other tax authorities.
Mr. Teti’s clients have included Alliant Techsystems, Amazon, AmerisourceBergen, Avon, Barnes & Noble, Credit Suisse, Dentsu Aegis, DMGT, DTE Energy, ECN Capital, Exyte, FS Investments, GW Pharmaceuticals, IBM, Johnson & Johnson, JPMorgan Chase, Kenvue, Light & Wonder, The Linde Group, Novartis, RELX Group, Robinhood, Schneider Electric, SPANX, Time Warner, Viatris, Vista Outdoor and WestRock.
Mr. Teti has significant experience advising companies in spin‑offs and M&A transactions in connection with spin‑offs. Notable matters include representing:
Mr. Teti’s notable M&A and other transactions include representing:
Mr. Teti has been repeatedly recognized for his work in the tax arena by Chambers USA, The Legal 500 US, Super Lawyers and Lawdragon. In 2016, 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.
Mr. Teti is the host of Cravath’s “On Tax” podcast and has authored several blog posts, including “President Biden’s Tax Proposals” in January 2021 and “US Government Finalizes Rules on Transfers to Partnerships with Related Foreign Partners” in February 2020, which were published by European Tax Blog. Mr. Teti is a member of the International Bar Association. He serves as the President of the Board of Trustees of the New Jersey Scholars Program and has served as a member of the Alumni Council of the University of Virginia School of Law.
Mr. Teti was born in Trenton, New Jersey. He received an A.B. with honors from Princeton University in 1999 and a J.D. from the University of Virginia School of Law in 2005, where he was a member of the Virginia Law Review, an Executive Editor of the Virginia Tax Review and elected to the Order of the Coif. At Virginia, he was also awarded the Edwin S. Cohen Tax Prize and the Robert E. Goldsten Award for Distinction in the Classroom.
Mr. Teti joined Cravath in 2005 and was elected a partner in 2012.
Mr. Teti’s clients have included Alliant Techsystems, Amazon, AmerisourceBergen, Avon, Barnes & Noble, Credit Suisse, Dentsu Aegis, DMGT, DTE Energy, ECN Capital, Exyte, FS Investments, GW Pharmaceuticals, IBM, Johnson & Johnson, JPMorgan Chase, Kenvue, Light & Wonder, The Linde Group, Novartis, RELX Group, Robinhood, Schneider Electric, SPANX, Time Warner, Viatris, Vista Outdoor and WestRock.
Mr. Teti has significant experience advising companies in spin‑offs and M&A transactions in connection with spin‑offs. Notable matters include representing:
Mr. Teti’s notable M&A and other transactions include representing:
Mr. Teti has been repeatedly recognized for his work in the tax arena by Chambers USA, The Legal 500 US, Super Lawyers and Lawdragon. In 2016, 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.
Mr. Teti is the host of Cravath’s “On Tax” podcast and has authored several blog posts, including “President Biden’s Tax Proposals” in January 2021 and “US Government Finalizes Rules on Transfers to Partnerships with Related Foreign Partners” in February 2020, which were published by European Tax Blog. Mr. Teti is a member of the International Bar Association. He serves as the President of the Board of Trustees of the New Jersey Scholars Program and has served as a member of the Alumni Council of the University of Virginia School of Law.
Mr. Teti was born in Trenton, New Jersey. He received an A.B. with honors from Princeton University in 1999 and a J.D. from the University of Virginia School of Law in 2005, where he was a member of the Virginia Law Review, an Executive Editor of the Virginia Tax Review and elected to the Order of the Coif. At Virginia, he was also awarded the Edwin S. Cohen Tax Prize and the Robert E. Goldsten Award for Distinction in the Classroom.
Mr. Teti joined Cravath in 2005 and was elected a partner in 2012.
International Bar Association
New Jersey Scholars Program
University of Virginia School of Law
Chambers USA
Law360
Lawdragon
The Legal 500 US
Super Lawyers - Rising Stars - New York
Deals & Cases
February 28, 2024
On February 28, 2024, Viatris Inc. (“Viatris”), a global healthcare company, and Idorsia Ltd (“Idorsia”) announced they have entered into agreements for a significant global research and development collaboration under which Viatris will receive exclusive global development and commercialization rights to two Phase 3 assets as well as the potential to add additional innovative assets in the future.
Deals & Cases
February 12, 2024
On February 12, 2024, CymaBay Therapeutics (“CymaBay”) and Gilead Sciences, Inc. (“Gilead”) announced a definitive agreement under which Gilead will acquire CymaBay for $32.50 per share in cash or a total equity value of $4.3 billion. The addition of CymaBay’s investigational lead product candidate, seladelpar for the treatment of primary biliary cholangitis, complements Gilead’s existing liver portfolio and aligns with its longstanding commitment to bringing transformational medicines to patients. Cravath is representing CymaBay in connection with the transaction.
Deals & Cases
January 25, 2024
On January 18, 2024, IBM announced it has signed a definitive agreement to acquire application modernization capabilities from Advanced, bringing a combination of talent, tools and knowledge to enhance IBM Consulting’s mainframe application and data modernization services. Cravath is representing IBM in connection with the transaction.
Deals & Cases
December 18, 2023
On December 18, 2023, IBM announced that it has entered into a definitive agreement with Software AG, a company majority owned by Silver Lake, to purchase StreamSets and webMethods, Software AG's Super iPaaS (integration platform‑as‑a‑service) enterprise technology platforms, for €2.13 billion in cash. StreamSets will add data ingestion capabilities to watsonx, IBM's AI and data platform, while webMethods will give clients and partners additional integration and API management tools for their hybrid multi‑cloud environments. Cravath is representing IBM in connection with the transaction.
Deals & Cases
December 18, 2023
On December 18, 2023, ZimVie Inc. (“ZimVie”), a global life sciences leader in the dental and spine markets, announced it has entered into a definitive agreement to sell its spine business to H.I.G. Capital, a leading global alternative investment firm. Under the terms of the agreement, upon the closing of the transaction, ZimVie will receive $375 million in total consideration, comprised of $315 million in cash, subject to certain customary adjustments as set forth in the agreement, and $60 million in the form of a promissory note that will accrue interest at a rate of 10% per annum, compounded semi‑annually, payable in kind. Cravath is representing ZimVie in connection with the transaction.
Podcasts
March 12, 2024
Amanda Gold is a partner in the Executive Compensation and Benefits Department at Cravath. In the Season 7 premiere of On Tax, she and fellow Cravath partner and host Len Teti talk about beginning her legal career in Arizona and how she became interested in her current tax-adjacent practice. Amanda also discusses her decision to move to New York and join Cravath.
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.
Podcasts
December 19, 2023
Lewis Steinberg recently retired as Head of Structured Solutions in the Global Corporate and Investment Bank of BofA Securities. He began his career as a tax associate at Cravath and later became a partner. In the Season 6 finale of On Tax, he and Cravath partner and host Len Teti talk about how trends in the industry and Lew’s interest in structuring M&A transactions led him to work in investment banking. Based on his decades of experience as both outside counsel and as a consumer of tax advice, Lew reflects on what the best tax practitioners do well and the ideal relationship between advisors and their clients.
Podcasts
December 05, 2023
Ocka Stumm is a tax partner at Gleiss Lutz in Frankfurt, Germany. In this episode of On Tax, she and Cravath partner and host Len Teti talk about the differences between the legal systems in the U.S. and Germany and her time as a secondee at Cravath. They also discuss how her practice encompasses both transactional matters and tax litigation.
Podcasts
November 14, 2023
David Ware is the Vice President, Tax at Bausch + Lomb. In this episode of On Tax, he and Cravath partner and host Len Teti talk about how his early interest in accounting led him to become a tax associate at Cravath. They also discuss his path to his current position as the head of tax at a publicly traded company, a role in which tax accounting is critical.
J. Leonard Teti II advises on the tax aspects of mergers and acquisitions, spin‑offs and private equity transactions. Clients seek out Mr. Teti for his ability to provide practical, clear and commercial advice on the tax issues central to complex domestic and cross‑border transactions. He also advises clients during the course of audits by the Internal Revenue Service and other tax authorities.
Mr. Teti’s clients have included Alliant Techsystems, Amazon, AmerisourceBergen, Avon, Barnes & Noble, Credit Suisse, Dentsu Aegis, DMGT, DTE Energy, ECN Capital, Exyte, FS Investments, GW Pharmaceuticals, IBM, Johnson & Johnson, JPMorgan Chase, Kenvue, Light & Wonder, The Linde Group, Novartis, RELX Group, Robinhood, Schneider Electric, SPANX, Time Warner, Viatris, Vista Outdoor and WestRock.
Mr. Teti has significant experience advising companies in spin‑offs and M&A transactions in connection with spin‑offs. Notable matters include representing:
Mr. Teti’s notable M&A and other transactions include representing:
Mr. Teti has been repeatedly recognized for his work in the tax arena by Chambers USA, The Legal 500 US, Super Lawyers and Lawdragon. In 2016, 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.
Mr. Teti is the host of Cravath’s “On Tax” podcast and has authored several blog posts, including “President Biden’s Tax Proposals” in January 2021 and “US Government Finalizes Rules on Transfers to Partnerships with Related Foreign Partners” in February 2020, which were published by European Tax Blog. Mr. Teti is a member of the International Bar Association. He serves as the President of the Board of Trustees of the New Jersey Scholars Program and has served as a member of the Alumni Council of the University of Virginia School of Law.
Mr. Teti was born in Trenton, New Jersey. He received an A.B. with honors from Princeton University in 1999 and a J.D. from the University of Virginia School of Law in 2005, where he was a member of the Virginia Law Review, an Executive Editor of the Virginia Tax Review and elected to the Order of the Coif. At Virginia, he was also awarded the Edwin S. Cohen Tax Prize and the Robert E. Goldsten Award for Distinction in the Classroom.
Mr. Teti joined Cravath in 2005 and was elected a partner in 2012.
Mr. Teti’s clients have included Alliant Techsystems, Amazon, AmerisourceBergen, Avon, Barnes & Noble, Credit Suisse, Dentsu Aegis, DMGT, DTE Energy, ECN Capital, Exyte, FS Investments, GW Pharmaceuticals, IBM, Johnson & Johnson, JPMorgan Chase, Kenvue, Light & Wonder, The Linde Group, Novartis, RELX Group, Robinhood, Schneider Electric, SPANX, Time Warner, Viatris, Vista Outdoor and WestRock.
Mr. Teti has significant experience advising companies in spin‑offs and M&A transactions in connection with spin‑offs. Notable matters include representing:
Mr. Teti’s notable M&A and other transactions include representing:
Mr. Teti has been repeatedly recognized for his work in the tax arena by Chambers USA, The Legal 500 US, Super Lawyers and Lawdragon. In 2016, 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.
Mr. Teti is the host of Cravath’s “On Tax” podcast and has authored several blog posts, including “President Biden’s Tax Proposals” in January 2021 and “US Government Finalizes Rules on Transfers to Partnerships with Related Foreign Partners” in February 2020, which were published by European Tax Blog. Mr. Teti is a member of the International Bar Association. He serves as the President of the Board of Trustees of the New Jersey Scholars Program and has served as a member of the Alumni Council of the University of Virginia School of Law.
Mr. Teti was born in Trenton, New Jersey. He received an A.B. with honors from Princeton University in 1999 and a J.D. from the University of Virginia School of Law in 2005, where he was a member of the Virginia Law Review, an Executive Editor of the Virginia Tax Review and elected to the Order of the Coif. At Virginia, he was also awarded the Edwin S. Cohen Tax Prize and the Robert E. Goldsten Award for Distinction in the Classroom.
Mr. Teti joined Cravath in 2005 and was elected a partner in 2012.
International Bar Association
New Jersey Scholars Program
University of Virginia School of Law
Chambers USA
Law360
Lawdragon
The Legal 500 US
Super Lawyers - Rising Stars - New York
Deals & Cases
February 28, 2024
On February 28, 2024, Viatris Inc. (“Viatris”), a global healthcare company, and Idorsia Ltd (“Idorsia”) announced they have entered into agreements for a significant global research and development collaboration under which Viatris will receive exclusive global development and commercialization rights to two Phase 3 assets as well as the potential to add additional innovative assets in the future.
Deals & Cases
February 12, 2024
On February 12, 2024, CymaBay Therapeutics (“CymaBay”) and Gilead Sciences, Inc. (“Gilead”) announced a definitive agreement under which Gilead will acquire CymaBay for $32.50 per share in cash or a total equity value of $4.3 billion. The addition of CymaBay’s investigational lead product candidate, seladelpar for the treatment of primary biliary cholangitis, complements Gilead’s existing liver portfolio and aligns with its longstanding commitment to bringing transformational medicines to patients. Cravath is representing CymaBay in connection with the transaction.
Deals & Cases
January 25, 2024
On January 18, 2024, IBM announced it has signed a definitive agreement to acquire application modernization capabilities from Advanced, bringing a combination of talent, tools and knowledge to enhance IBM Consulting’s mainframe application and data modernization services. Cravath is representing IBM in connection with the transaction.
Deals & Cases
December 18, 2023
On December 18, 2023, IBM announced that it has entered into a definitive agreement with Software AG, a company majority owned by Silver Lake, to purchase StreamSets and webMethods, Software AG's Super iPaaS (integration platform‑as‑a‑service) enterprise technology platforms, for €2.13 billion in cash. StreamSets will add data ingestion capabilities to watsonx, IBM's AI and data platform, while webMethods will give clients and partners additional integration and API management tools for their hybrid multi‑cloud environments. Cravath is representing IBM in connection with the transaction.
Deals & Cases
December 18, 2023
On December 18, 2023, ZimVie Inc. (“ZimVie”), a global life sciences leader in the dental and spine markets, announced it has entered into a definitive agreement to sell its spine business to H.I.G. Capital, a leading global alternative investment firm. Under the terms of the agreement, upon the closing of the transaction, ZimVie will receive $375 million in total consideration, comprised of $315 million in cash, subject to certain customary adjustments as set forth in the agreement, and $60 million in the form of a promissory note that will accrue interest at a rate of 10% per annum, compounded semi‑annually, payable in kind. Cravath is representing ZimVie in connection with the transaction.
Podcasts
March 12, 2024
Amanda Gold is a partner in the Executive Compensation and Benefits Department at Cravath. In the Season 7 premiere of On Tax, she and fellow Cravath partner and host Len Teti talk about beginning her legal career in Arizona and how she became interested in her current tax-adjacent practice. Amanda also discusses her decision to move to New York and join Cravath.
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.
Podcasts
December 19, 2023
Lewis Steinberg recently retired as Head of Structured Solutions in the Global Corporate and Investment Bank of BofA Securities. He began his career as a tax associate at Cravath and later became a partner. In the Season 6 finale of On Tax, he and Cravath partner and host Len Teti talk about how trends in the industry and Lew’s interest in structuring M&A transactions led him to work in investment banking. Based on his decades of experience as both outside counsel and as a consumer of tax advice, Lew reflects on what the best tax practitioners do well and the ideal relationship between advisors and their clients.
Podcasts
December 05, 2023
Ocka Stumm is a tax partner at Gleiss Lutz in Frankfurt, Germany. In this episode of On Tax, she and Cravath partner and host Len Teti talk about the differences between the legal systems in the U.S. and Germany and her time as a secondee at Cravath. They also discuss how her practice encompasses both transactional matters and tax litigation.
Podcasts
November 14, 2023
David Ware is the Vice President, Tax at Bausch + Lomb. In this episode of On Tax, he and Cravath partner and host Len Teti talk about how his early interest in accounting led him to become a tax associate at Cravath. They also discuss his path to his current position as the head of tax at a publicly traded company, a role in which tax accounting is critical.
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