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News & Insights

On Holding’s Initial Public Offering of Class A Ordinary Shares

October 01, 2021

Cravath represented the underwriters in connection with the $858.3 million registered initial public offering of class A ordinary shares of On Holding AG, a premium performance sports brand rooted in technology, design and impact. The shares were listed on the New York Stock Exchange. The transaction closed on September 17, 2021.

The Cravath team is led by partners Philip J. Boeckman and Nicholas A. Dorsey and associates Adrian K. Kilercioglu, Rohan E. George and Nicole M. Gould on capital markets matters; partner Christopher K. Fargo and senior attorney Kiran Sheffrin on tax matters; senior attorney Annmarie M. Terraciano on environmental matters; and associate Carys Webb on intellectual property matters.

Related Practices & Industries

  • Corporate
  • Capital Markets
  • London
  • Tax
  • Environmental
  • IP and Strategic Tech Transactions
  • Executive Compensation and Benefits
  • Emerging and Founder-Led Companies
  • Venture Capital & Growth Equity
  • Consumer Products and Services
  • Retail

People

Photo
Name
Philip J. Boeckman
Title
Corporate
Title
Partner
Email
pboeckman@cravath.com
Phone
+44-20-7453-1020
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    Education

    • J.D., 1991, University of Missouri Columbia School of Law
      Order of the Coif, magna cum laude
    • B.A., 1988, Westminster College
      cum laude

    Admitted In

    • New York
    Photo
    Name
    Nicholas A. Dorsey
    Title
    Corporate
    Title
    Partner
    Email
    ndorsey@cravath.com
    Phone
    +1-212-474-1764
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      Education

      • J.D., 2009, Cornell Law School
        Order of the Coif, summa cum laude
      • M.Acc., 2006, Case Western Reserve University
        summa cum laude
      • B.S., 2006, Case Western Reserve University
        summa cum laude

      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
        Photo
        Name
        Kiran Sheffrin
        Title
        Tax
        Title
        Of Counsel
        Email
        ksheffrin@cravath.com
        Phone
        +1-212-474-1842
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          Education

          • J.D., 2013, Brooklyn Law School
            magna cum laude
          • B.A., 2010, Wesleyan University

          Admitted In

          • New York
          Photo
          Name
          Annmarie M. Terraciano
          Title
          Corporate
          Title
          Senior Attorney
          Email
          aterraciano@cravath.com
          Phone
          +1-212-474-1366
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            Education

            • J.D., 1998, Columbia Law School
              Harlan Fiske Stone Scholar
            • M.S., 1994, University of Wisconsin - Madison
            • B.A., 1989, Wellesley College
              cum laude

            Admitted In

            • New York

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            December 24, 2025

            Acushnet Company’s High‑Yield Senior Notes Offering

            Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high‑yield senior notes offering of Acushnet Company, a wholly‑owned subsidiary of Acushnet Holdings Corp., a global leader in the design, development, manufacture and distribution of performance‑driven golf products. The transaction closed on November 24, 2025.

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            December 17, 2025

            Smurfit Westrock’s Registered Senior Notes Offerings

            Cravath represented the underwriters in connection with the $800 million registered senior notes offering of Smurfit Westrock Financing DAC and the €500 million registered senior notes offering of Smurfit Kappa Treasury Unlimited Company, each a wholly owned subsidiary of Smurfit Westrock plc, one of the world's largest integrated manufacturers of paper‑based packaging products. The notes are expected to be listed on Euronext Dublin. The transactions closed on November 21, 2025, and November 24, 2025, respectively.

            Deals & Cases

            December 16, 2025

            Graham Holdings Company’s Senior Notes Offering

            Cravath represented Graham Holdings Company in connection with its $500 million 144A/Reg. S senior notes offering. Graham Holdings Company is a diversified holding company whose operations include educational services, television broadcasting, manufacturing, healthcare, automotive dealerships and other businesses. The transaction closed on November 24, 2025.

            Deals & Cases

            December 15, 2025

            Enerflex Inc.’s High‑Yield Senior Notes Offering

            Cravath represented Enerflex Inc. in connection with its $400 million 144A/Reg. S high‑yield senior notes offering. Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, deploying natural gas, low‑carbon and treated water solutions – from individual, modularized products and services to integrated custom solutions. The transaction closed on December 11, 2025.

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