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News & Insights

Arrangement of Financing for Acquisition of Pharmaceutical Product Development

October 04, 2011

On October 3, 2011, Pharmaceutical Product Development, a leading global contract research organization, announced that it has entered into a definitive merger agreement under which it will be acquired by affiliates of The Carlyle Group and Hellman & Friedman in a transaction valued at approximately $3.9 billion. Cravath represented Credit Suisse as a lead arranger of $2.2 billion in committed financing to be provided to affiliates of The Carlyle Group and Hellman & Friedman.

The Cravath team included partner Craig F. Arcella and associates Joseph D. Zavaglia, Michelle Y. Park and David S. Mitchell on corporate matters; partner Michael L. Schler on tax matters; and partner Jeffrey A. Smith on environmental matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Tax
  • Environmental
  • Healthcare and Life Sciences

People

Photo
Name
Craig F. Arcella
Title
Corporate
Title
Partner
Email
carcella@cravath.com
Phone
+1-212-474-1024
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    Education

    • J.D., 1998, Columbia Law School
      Harlan Fiske Stone Scholar
    • B.A., 1995, Duke University

    Admitted In

    • New York
    Photo
    Name
    Joseph D. Zavaglia
    Title
    Corporate
    Title
    Partner
    Email
    jzavaglia@cravath.com
    Phone
    +1-212-474-1724
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      Education

      • J.D., 2004, Brooklyn Law School
        Valedictorian, summa cum laude
      • B.B.A., 2001, College of Insurance
        cum laude

      Admitted In

      • New York
      Photo
      Name
      Michael L. Schler
      Title
      Tax
      Title
      Retired Partner
      Email
      mschler@cravath.com
      Phone
      +1-212-474-1999
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        Education

        • LL.M., 1979, New York University
        • J.D., 1973, Yale Law School
        • B.A., 1970, Harvard University
          magna cum laude

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