Cravath’s London Office Moves to 100 Cheapside
Cravath represented the initial purchasers, Barclays, Bank of America Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan Securities, Morgan Stanley and UBS Investment Bank, in connection with the €450 million 144A/Reg. S high‑yield senior debt offering by Axalta Coating Systems Dutch Holding B B.V., an indirect, wholly owned subsidiary of Axalta Coating Systems Ltd. Axalta Coating Systems Ltd. is a leading global manufacturer, marketer and distributor of high performance coatings systems. The notes were listed on the Irish Stock Exchange. The transaction closed on September 27, 2016.
The Cravath team included partner Craig F. Arcella and associates Adam J. Gross, M. Rita Sobral and Dean M. Masuda.
Deals & Cases
November 18, 2025
On November 18, 2025, Axalta Coating Systems Ltd. (“Axalta”) and Akzo Nobel N.V. announced that they have entered into a definitive agreement to combine in an all‑stock merger of equals, creating a premier global coatings company with an enterprise value of approximately $25 billion. Cravath is representing Axalta in connection with the transaction.
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