Route Mobile’s Sale of a Majority Stake to Proximus Group
July 17, 2023
On July 17, 2023, Proximus Group announced that it has signed a definitive agreement to acquire, through Proximus Opal, an approximately 58% interest in Route Mobile, a global company specialized in CPaaS services, from the founding shareholders of Route Mobile. As part of the agreement, some of the founding shareholders will reinvest in a minority stake in Proximus Opal, a subsidiary of the Proximus Group and the holding company of Telesign, Proximus’s U.S.‑based affiliate. Cravath, alongside Slaughter and May, AZB & Partners and NautaDutilh, is representing Route Mobile and its founding shareholders in connection with the transaction.
The Cravath team is led by partner Nicholas A. Dorsey and includes associates Virginia M. Anderson and Joanna N. Melnick on M&A matters; partner Kelly M. Smercina on financing matters; partner Christopher K. Fargo, of counsel Kiran Sheffrin and associate Duncan H. Hardell on tax matters; partner Sasha Rosenthal-Larrea and associates Carys J. Webb and Leo M. Ramseyer on intellectual property matters; partner Jonathan J. Katz, practice area attorney David Crampton and associate Brendon J. Rivard on executive compensation and benefits matters; and partner Noah Joshua Phillips and foreign associate attorney Jokin Beltran de Lubiano on regulatory matters.
Related Practices & Industries
People
- Photo
-
-
J.D., 2009, Cornell Law SchoolOrder of the Coif, summa cum laude
-
M.Acc., 2006, Case Western Reserve Universitysumma cum laude
-
B.S., 2006, Case Western Reserve Universitysumma cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 2014, University of Michigan Law SchoolOrder of the Coif, summa cum laude
-
B.A., 2011, University of Notre DamePhi Beta Kappa, summa cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 2006, Columbia Law SchoolHarlan Fiske Stone; Michael Lynne Scholar
-
B.A., 2003, Boston CollegeHonors Program, cum laude
- New York
Education
Admitted In
- Photo
-
-
J.D., 2010, Columbia Law SchoolHarlan Fiske Stone Scholar
-
A.B., 2007, Brown University
- New York
Education
Admitted In
- Photo
-
-
LL.M., 2013, New York University School of Law
-
J.D., 2007, Benjamin N. Cardozo School of LawOrder of the Coif, Dean's Distinguished Scholar, summa cum laude
-
B.S., 2003, Cornell University
- New York
Education
Admitted In
- Photo
-
-
J.D., 2005, Stanford Law SchoolWinner, 2005 Marion Rice Kirkwood Moot Court
-
A.B., 2000, Dartmouth CollegePhi Beta Kappa, magna cum laude
- New York
- District of Columbia
Education
Admitted In
- Photo
-
-
J.D., 2016, Fordham University School of Lawmagna cum laude
-
B.A., 2011, University of Nebraska-Lincolnsumma cum laude
- New York
Education
Admitted In
Related News & Insights
Deals & Cases
July 05, 2023
Brookfield Reinsurance’s $4.3 Billion Acquisition of AEL
On July 5, 2023, Brookfield Reinsurance, which operates a leading capital solutions business providing insurance and reinsurance services to individuals and institutions, and American Equity Investment Life Holding Company (“AEL”) announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3 billion. Cravath is representing Brookfield Reinsurance in connection with the transaction.
Deals & Cases
June 13, 2023
Brookfield Renewable’s $2.8 Billion Acquisition of Duke Energy Renewables
On June 12, 2023, Brookfield Renewable, one of the world’s largest publicly traded, pure‑play renewable power platforms, together with its institutional partners, announced that it has agreed to acquire Duke Energy Renewables, a fully integrated developer and operator of renewable power assets in the U.S., at an enterprise value of approximately $2.8 billion, including non‑controlling tax equity interests and the assumption of debt. Cravath is representing Brookfield Renewable in connection with the transaction.
Deals & Cases
May 30, 2023
Oshkosh Corporation’s Acquisition of AeroTech Business from JBT Corporation
On May 30, 2023, Oshkosh Corporation (“Oshkosh”), a leading innovator of purpose‑built vehicles and equipment, announced that it has entered into a definitive agreement to acquire the AeroTech business (“AeroTech”) from JBT Corporation in an $800 million all‑cash transaction. AeroTech is a leading provider of aviation ground support products, gate equipment and airport services to commercial airlines, airports, air‑freight carriers, ground handling and military customers. Cravath is representing Oshkosh in connection with the transaction.
Deals & Cases
May 17, 2023
IBM’s Acquisition of Polar Security
On May 16, 2023, IBM announced it has acquired Polar Security, an innovator in technology that helps companies discover, continuously monitor and secure cloud and software‑as‑a‑service (SaaS) application data. Cravath is representing IBM in connection with the transaction.
