Cravath’s London Office Moves to 100 Cheapside
May 18, 2022
On May 16, 2022, Cravath partner Nicholas A. Dorsey participated in the 6th “Global Entrepreneurship” conference held by the International Bar Association from May 16‑17, 2022 in Amsterdam. Nick’s session, entitled “Lessons Learned in Negotiating M&A Transaction Documentation in a Post‑Covid World,” discussed COVID‑19’s impact on the contractual stipulations included in M&A documentation, including purchase price adjustment mechanisms, reps, warranties and indemnities for certain risks, and the solutions attorneys have found to address the various challenges faced during the pandemic.
Deals & Cases
May 05, 2022
On May 5, 2022, Vista Outdoor Inc., the parent company of more than three dozen brands that design, manufacture and market sporting and outdoor products, announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly‑traded companies. Vista Outdoor anticipates that the transaction will be in the form of a distribution to its shareholders of 100% of the stock of Outdoor Products, which will become a new, independent publicly traded company. The distribution is intended to be tax‑free to U.S. shareholders for U.S. federal income tax purposes. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
April 22, 2022
Cravath represented the underwriters in connection with the registered offering of $2.5 billion of senior notes of Credit Suisse AG, a wholly owned subsidiary of Credit Suisse Group, a global financial services company. The transaction closed on April 7, 2022.
Deals & Cases
March 31, 2022
On March 31, 2022, Swvl Inc. (“Swvl”), a global provider of transformative tech-enabled mass transit solutions, announced the completion of its previously announced business combination with Queen’s Gambit Growth Capital, the first special purpose acquisition company founded and led entirely by women, following an extraordinary general meeting of Queen’s Gambit’s shareholders held on March 30, 2022. The combined company has changed its name to Swvl Holdings Corp. On April 1, 2022, Swvl Holdings Corp’s Class A ordinary shares and warrants are expected to commence trading on NASDAQ under the ticker symbols “SWVL” and “SWVLW”, respectively. Cravath is representing Swvl in connection with the transaction.
Deals & Cases
November 29, 2021
Cravath represented Vaxxinity, Inc. in connection with its initial public offering. Vaxxinity is a U.S.‑based global biotechnology company pioneering a new class of immunotherapeutic vaccines to democratize health. Shares began trading on November 11, 2021 on The Nasdaq Global Market.
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