Cravath’s London Office Moves to 100 Cheapside
November 11, 2015
On November 11, 2015, Anheuser‑Busch InBev and SABMiller plc announced that they have reached agreement on the terms of an acquisition of the entire issued and to be issued share capital of SABMiller by AB InBev, in a transaction valued at approximately US$107.7 billion. Under the terms of the agreement, SABMiller will be acquired by Newco, a Belgian company to be formed for the purpose of the transaction. AB InBev will also merge into Newco and, following the completion of the transaction, Newco will be the new holding company of the combined group.
AB InBev also announced an agreement with Molson Coors Brewing Company regarding a complete divestiture of SABMiller’s interest in MillerCoors LLC, a joint venture in the U.S. and Puerto Rico between Molson Coors and SABMiller, as well as the Miller Beer business internationally. The total transaction is valued at US$12 billion and is conditional on the completion of AB InBev’s acquisition of SABMiller. Upon completion of the transaction, MillerCoors will become a wholly owned subsidiary of Molson Coors.
Cravath is representing AB InBev in connection with these transactions.
The Cravath team includes partner Robert I. Townsend III and associate Matthew M. Kelly on M&A; partners Christine A. Varney and Yonatan Even and associate Greg C. Cheyne on antitrust matters; partners Stephen L. Gordon, Lauren Angelilli and Christopher K. Fargo and associate Sara L. Lykken on tax matters; partners Stephen M. Kessing and Joseph D. Zavaglia, senior attorney Kimberly A. Grousset and associate Ankur N. Patel on finance matters; and partner David J. Kappos and associates Nicholas A. Jackson and Christopher P. Davis on intellectual property matters. Daniel S. Connelly and Jeremy S. Lerner are also working on M&A matters.
Deals & Cases
August 15, 2025
On August 14, 2025, Fitch Learning, a global leader in financial learning and professional certifications, announced it signed an agreement with Moody’s to acquire two of their businesses, Moody’s Analytics Learning Solutions, a global provider of credit training, and the Canadian Securities Institute, a leading provider of professional certifications for the Canadian financial services industry. Cravath is representing Fitch Learning in connection with the transaction.
Deals & Cases
August 11, 2025
On August 10, 2025, International Money Express, Inc. (“Intermex”) and The Western Union Company (“Western Union”) announced they have entered into a definitive agreement under which Western Union will acquire Intermex in an all‑cash transaction at $16.00 per share, representing a total equity and enterprise value of approximately $500 million. Cravath is representing Intermex’s Strategic Alternatives Committee in connection with the transaction.
Deals & Cases
May 28, 2025
On May 28, 2025, rhode, a fast‑growing, multi‑category lifestyle beauty brand founded by Hailey Bieber, and e.l.f. Beauty announced they have signed a definitive agreement for e.l.f. Beauty to acquire rhode. The $1 billion deal is comprised of $800 million of consideration payable at closing in a combination of cash and stock, subject to customary adjustments, and an additional potential earnout consideration of $200 million based on the future growth of the brand over a three‑year timeframe. Hailey Bieber will continue her role as Founder and additionally serve as rhode’s Chief Creative Officer and Head of Innovation, overseeing creative, product innovation and marketing. She will also act as a Strategic Advisor to the combined companies. Cravath is representing Hailey Bieber in connection with the transaction.
Deals & Cases
May 26, 2025
On May 25, 2025, WiseTech Global, developer of leading logistics execution software CargoWise, announced it has entered into a binding agreement to acquire E2open Parent Holdings, Inc. (“e2open”), a U.S.‑based leading provider of SaaS solutions in the global logistics value chain, for $3.30 per share in cash equating to an enterprise value of $2.1 billion. Cravath is representing WiseTech Global in connection with the transaction.
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