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News & Insights

Taro’s Acquisition of Alchemee

February 22, 2022

On February 22, 2022, Taro Pharmaceutical Industries Ltd. (“Taro”), a multinational, science-based pharmaceutical company, and Galderma, the world’s largest independent dermatology company, announced they have signed a definitive agreement for Taro to acquire Alchemee, formerly The Proactiv Company, from Galderma. The agreement between Galderma and Taro includes Alchemee’s business and assets around the world, including the Proactiv brand. Cravath is representing Taro in connection with the transaction.

The Cravath team includes associate Jason L. Zhang on M&A matters; partner Ronald E. Creamer Jr. on tax matters; partner Eric W. Hilfers and practice area attorney Arian Mossanenzadeh on executive compensation and benefits matters; partner David J. Kappos and associate Pedraam Mirzanian on intellectual property matters; partner Matthew Morreale on environmental matters; and of counsel Jesse M. Weiss, senior attorney Benjamin G. Joseloff and practice area attorney Nicole M. Peles on regulatory matters. Benjamin B. Arcano also worked on M&A matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Tax
  • Executive Compensation and Benefits
  • Intellectual Property
  • Environmental
  • Antitrust
  • Healthcare and Life Sciences
  • Consumer Products and Services

People

Photo
Name
Ron Creamer
Title
Tax
Title
Partner
Email
rcreamer@cravath.com
Phone
+1-212-474-1010
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    Education

    • M.P.P.M., 1991, Yale University
    • J.D., 1991, Yale Law School
    • A.B., 1987, Princeton University

    Admitted In

    • New York
    Photo
    Name
    Eric W. Hilfers
    Title
    Executive Compensation and Benefits
    Title
    Partner
    Email
    ehilfers@cravath.com
    Phone
    +1-212-474-1352
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      Education

      • J.D., 1998, University of Chicago Law School
        with Honors
      • A.B., 1995, Princeton University

      Admitted In

      • New York
      Photo
      Name
      David J. Kappos
      Title
      Corporate
      Title
      Partner
      Email
      dkappos@cravath.com
      Phone
      +1-212-474-1168
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        Education

        • J.D., 1990, University of California, Berkeley, School of Law
        • B.S., 1983, University of California, Davis
          summa cum laude

        Admitted In

        • New York
        • California
        • District of Columbia
        Photo
        Name
        Matthew Morreale
        Title
        Corporate
        Title
        Partner
        Email
        mmorreale@cravath.com
        Phone
        +1-212-474-1534
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          Education

          • J.D., 1997, Columbia Law School
            Harlan Fiske Stone Scholar
          • M.S., 1994, University of Pennsylvania
          • B.A., 1990, University of Pennsylvania
          • B.A.S., 1990, University of Pennsylvania

          Admitted In

          • New York
          Photo
          Name
          Jesse M. Weiss
          Title
          Litigation
          Title
          Partner
          Email
          jweiss@cravath.com
          Phone
          +1-212-474-1421
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            Education

            • J.D., 2008, Georgetown University Law Center
              magna cum laude
            • B.A., 2003, University of Maryland

            Admitted In

            • New York
            Photo
            Name
            Benjamin G. Joseloff
            Title
            Corporate
            Title
            Partner
            Email
            bjoseloff@cravath.com
            Phone
            +1-212-474-1810
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              Education

              • J.D., 2008, Stanford Law School
                Pro Bono Distinction
              • B.A., 2004, New York University
                Phi Beta Kappa, summa cum laude

              Admitted In

              • New York
              Photo
              Name
              Nicole M. Peles
              Title
              Litigation
              Title
              Of Counsel
              Email
              npeles@cravath.com
              Phone
              +1-212-474-1624
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                Education

                • J.D., 2010, New York University School of Law
                  cum laude
                • A.B., 2007, Dartmouth College

                Admitted In

                • New York
                Photo
                Name
                Arian Mossanenzadeh
                Title
                Executive Compensation and Benefits
                Title
                Senior Attorney
                Email
                amossanenzadeh@cravath.com
                Phone
                +1-212-474-1571
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                  Education

                  • J.D., 2013, University of Virginia School of Law
                  • B.A., 2008, University of Washington
                    with Distinction, Phi Beta Kappa, magna cum laude

                  Admitted In

                  • New York

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                  Fitch Learning’s Acquisition of Moody’s Analytics Learning Solutions and the Canadian Securities Institute

                  On August 14, 2025, Fitch Learning, a global leader in financial learning and professional certifications, announced it signed an agreement with Moody’s to acquire two of their businesses, Moody’s Analytics Learning Solutions, a global provider of credit training, and the Canadian Securities Institute, a leading provider of professional certifications for the Canadian financial services industry. Cravath is representing Fitch Learning in connection with the transaction.

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                  On August 10, 2025, International Money Express, Inc. (“Intermex”) and The Western Union Company (“Western Union”) announced they have entered into a definitive agreement under which Western Union will acquire Intermex in an all‑cash transaction at $16.00 per share, representing a total equity and enterprise value of approximately $500 million. Cravath is representing Intermex’s Strategic Alternatives Committee in connection with the transaction.

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                  rhode’s $1 Billion Acquisition by e.l.f. Beauty

                  On May 28, 2025, rhode, a fast‑growing, multi‑category lifestyle beauty brand founded by Hailey Bieber, and e.l.f. Beauty announced they have signed a definitive agreement for e.l.f. Beauty to acquire rhode. The $1 billion deal is comprised of $800 million of consideration payable at closing in a combination of cash and stock, subject to customary adjustments, and an additional potential earnout consideration of $200 million based on the future growth of the brand over a three‑year timeframe. Hailey Bieber will continue her role as Founder and additionally serve as rhode’s Chief Creative Officer and Head of Innovation, overseeing creative, product innovation and marketing. She will also act as a Strategic Advisor to the combined companies. Cravath is representing Hailey Bieber in connection with the transaction.

                  Deals & Cases

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                  WiseTech Global’s $2.1 Billion Acquisition of e2open

                  On May 25, 2025, WiseTech Global, developer of leading logistics execution software CargoWise, announced it has entered into a binding agreement to acquire E2open Parent Holdings, Inc. (“e2open”), a U.S.‑based leading provider of SaaS solutions in the global logistics value chain, for $3.30 per share in cash equating to an enterprise value of $2.1 billion. Cravath is representing WiseTech Global in connection with the transaction.

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