Cravath’s London Office Moves to 100 Cheapside
Cravath represented the underwriter, BofA Merrill Lynch, in connection with the sale by Ensemble Parent LLC of 8 million shares of Team Health common stock in a secondary offering at a price of $29.36 per share. Team Health is a portfolio company of Ensemble Parent LLC, an investment fund affiliated with the Blackstone Group. The transaction closed on September 17, 2012.
The Cravath team included partner Stephen L. Burns, senior attorney Daniel A. O’Shea and associate Sarah Kahn Sellers.
Deals & Cases
November 18, 2025
Cravath represented funds managed by affiliates of Brevan Howard in connection with an investment in Ripple Labs, Inc., consisting of a private placement of Class A Common Stock, as part of Ripple’s $500 million strategic investment at a $40 billion valuation, led by funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace. The transaction closed on November 4, 2025.
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