Cravath’s London Office Moves to 100 Cheapside
November 18, 2021
Cravath partner Margaret T. Segall authored a chapter entitled “Dynamic Industries and Merger Remedies” in Global Competition Review’s “Merger Remedies Guide – Fourth Edition,” which was published on November 8, 2021. The chapter, co‑authored by practice area attorney Nicole M. Peles, reviewed the common types of merger remedies, the characteristics of dynamic industries and challenges posed for traditional merger remedies. The chapter considered the different approaches adopted by antitrust authorities in creating remedies in the technology and pharmaceuticals sectors, two rapidly evolving dynamic industries.
Deals & Cases
November 15, 2021
On November 15, 2021, CyrusOne Inc. (“CyrusOne”), a premier global data center REIT, KKR, a leading investment firm, and Global Infrastructure Partners, a leading infrastructure investor, announced a definitive agreement pursuant to which KKR and GIP will acquire all outstanding shares of common stock of CyrusOne for $90.50 per share in an all‑cash transaction valued at approximately $15 billion, including the assumption of debt. Upon completion of the transaction, CyrusOne will be a privately held company wholly owned by KKR and GIP and CyrusOne’s common stock will no longer be listed on any public market. Cravath is representing CyrusOne in connection with the transaction.
Deals & Cases
August 24, 2021
On August 24, 2021, Exyte Group (“Exyte”) and Wynnchurch Capital announced that they had reached an agreement for an all-share acquisition of Critical Process Systems Group, a group of manufacturing and design companies, by Exyte, a global leader in the design, engineering, and delivery of high-tech facilities. Cravath is representing Exyte in connection with the transaction.
Deals & Cases
August 24, 2021
On August 24, 2021, GuideWell Mutual Holding Corporation (“GuideWell”), a health solutions company and parent of Blue Cross and Blue Shield of Florida, Inc., and Triple-S Management Corporation (“Triple-S Management”), a leading health care services company in Puerto Rico, announced they will combine. Under the terms of the definitive agreement, GuideWell will acquire all the outstanding shares of Triple-S Management common stock for $36.00 per share in cash. The transaction equity value is approximately $900 million. Upon completion of the transaction, Triple-S Management will become a subsidiary of GuideWell and will continue to operate under the Triple-S Management brand. Cravath is representing GuideWell in connection with the transaction.
Deals & Cases
August 05, 2021
On August 5, 2021, Daily Mail and General Trust plc (“DMGT”) announced that it has entered into a definitive agreement to sell Risk Management Solutions (“RMS”), its insurance risk business and a leading global provider of climate and natural disaster risk modeling and analytics headquartered in Silicon Valley, to Moody’s Corporation for approximately £1.425 billion. Cravath is representing DMGT in connection with the transaction.
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