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Cravath Publishes Winter 2026 Issue of Alumni Journal

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News & Insights

McLarens’ $1.6 Billion Reinvestment from Lee Equity

October 21, 2025

On October 15, 2025, Lee Equity Partners, LLC (“Lee Equity”), an investment firm specializing in investments in the financial and healthcare services sectors, announced the closing of a $1.6 billion recapitalization of McLarens Global Limited (“McLarens”), a global independent provider of insurance services, to extend Lee Equity’s long‑term partnership with McLarens. Cravath represented members of McLarens’ senior executive team in connection with the transaction.

The Cravath team was led by partner Peter Feist and included associates Rebecca Ryan and Joshua G. Ezickson on M&A matters and partner Christopher K. Fargo on tax matters.

Related Practices & Industries

  • Corporate
  • Private Equity
  • Mergers and Acquisitions
  • Executive Compensation and Benefits
  • Tax
  • Financial Services and Insurance
  • Professional Services

People

Photo
Name
Peter Feist
Title
Corporate
Title
Partner
Email
pfeist@cravath.com
Phone
+1-212-474-1250
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    Education

    • LL.B., 1992, Victoria University of Wellington
      with Highest Honors
    • B.C.A., 1990, Victoria University of Wellington

    Admitted In

    • New York
    Photo
    Name
    Christopher K. Fargo
    Title
    Tax
    Title
    Partner
    Email
    cfargo@cravath.com
    Phone
    +1-212-474-1236
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      Education

      • J.D., 2006, Columbia Law School
        Harlan Fiske Stone; Michael Lynne Scholar
      • B.A., 2003, Boston College
        Honors Program, cum laude

      Admitted In

      • New York

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      Deals & Cases

      October 03, 2025

      White Mountains’ $1.75 Billion Sale of Bamboo to CVC

      On October 3, 2025, White Mountains Insurance Group, Ltd. (“White Mountains”), a Bermuda-domiciled financial services holding company, announced that it has signed a definitive agreement to sell a controlling interest in Bamboo, a data-enabled insurance distribution platform, to funds advised by CVC Capital Partners (“CVC”) in a transaction that values Bamboo at $1.75 billion. White Mountains expects the transaction will result in a gain of approximately $310 to its book value per share and net cash proceeds of approximately $840 million. White Mountains will retain an approximately 15% fully-diluted equity stake in Bamboo post-closing, valued at $250 million based on the transaction. Cravath is representing White Mountains and Bamboo in connection with the transaction.

      Deals & Cases

      September 30, 2025

      Future Standard’s Acquisition of Post Road Group’s Digital Infrastructure Platform

      On September 30, 2025, Future Standard, a global alternative asset manager, announced it has entered into an agreement to acquire the Digital Infrastructure platform of Post Road Group, an alternative investment advisory firm. The platform specializes in credit and structured equity investments across digital infrastructure assets, including data centers, fiber networks and cloud connectivity. Cravath is representing Future Standard in connection with the transaction.

      Deals & Cases

      September 29, 2025

      Artivion's Private Capital Credit Facilities

      Cravath represented Artivion, Inc. in connection with $400 million of credit facilities obtained from Ares Management Credit funds. Artivion is a leader in the manufacturing, processing and distribution of medical devices and implantable human tissues used in cardiac and vascular surgical procedures for patients with aortic disease. The transaction closed on September 12, 2025.

      Deals & Cases

      September 22, 2025

      Premier’s $2.6 Billion Acquisition by Patient Square

      On September 22, 2025, Premier, Inc. (“Premier”), a leading technology‑driven health care improvement company, announced that it has entered into a definitive agreement to be acquired by an affiliate of Patient Square Capital (“Patient Square”) in a transaction valued at $2.6 billion. Under the terms of the agreement, which has been unanimously approved by Premier’s Board of Directors, Premier stockholders will receive $28.25 in cash per share. Cravath is representing the Transaction Committee of Premier’s Board of Directors in connection with the transaction.

      Cravath Bicentennial

      Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

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