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News & Insights

Airspan’s Sale of Mimosa to Radisys

March 09, 2023

On March 8, 2023, Airspan Networks Holdings (“Airspan”), a provider of software and hardware for 5G networks and a pioneer in end‑to‑end Open RAN solutions that provide interoperability with other vendors, announced the signing of definitive agreements for the sale of Mimosa Networks, Inc. (“Mimosa”) to Radisys Corporation (“Radisys”), a wholly owned subsidiary of Jio Platforms Limited, which is a subsidiary of Reliance Industries Limited, on a debt free, cash free basis. Cravath is representing Airspan in connection with the transaction.

The Cravath team is led by partners Bethany A. Pfalzgraf and Minh Van Ngo and includes associate Marc Bode on M&A matters; partner Ronald E. Creamer Jr. on tax matters; partner Eric W. Hilfers and practice area attorney David Crampton on executive compensation and benefits matters; partner David J. Kappos and practice area attorney Anthony N. Magistrale on intellectual property matters; and of counsel Benjamin G. Joseloff on regulatory matters. Chan Keun Kim also worked on M&A matters; and Emily R. Eskin also worked on tax matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Tax
  • Executive Compensation and Benefits
  • Intellectual Property
  • Antitrust
  • CFIUS and National Security
  • Telecommunications
  • Technology

People

Photo
Name
Bethany A. Pfalzgraf
Title
Corporate
Title
Partner
Email
bpfalzgraf@cravath.com
Phone
+1-212-474-1728
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    Education

    • J.D., 2014, Columbia Law School
      Harlan Fiske Stone Scholar
    • B.A., 2010, Boston College
      College of Arts and Sciences Honors Program, cum laude

    Admitted In

    • New York
    Photo
    Name
    Minh Van Ngo
    Title
    Corporate
    Title
    Partner
    Email
    mngo@cravath.com
    Phone
    +1-212-474-1465
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      Education

      • J.D., 2001, Yale Law School
      • B.A., 1998, Duke University
        summa cum laude

      Admitted In

      • New York
      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
          vCard
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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
            Benjamin G. Joseloff
            Title
            Corporate
            Title
            Partner
            Email
            bjoseloff@cravath.com
            Phone
            +1-212-474-1810
            vCard
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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
              Name
              David Crampton
              Title
              Executive Compensation and Benefits
              Title
              Practice Area Attorney
              Email
              dcrampton@cravath.com
              Phone
              +1-212-474-1358
              vCard
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                Education

                • J.D., 2020, Cornell Law School
                  magna cum laude
                • B.S., 2016, Oregon State University

                Admitted In

                • New York

                Related News & Insights

                Deals & Cases

                November 13, 2024

                Just Eat Takeaway.com’s Sale of Grubhub to Wonder

                On November 13, 2024, Just Eat Takeaway.com N.V. (“Just Eat Takeaway.com”), one of the world’s leading global online food delivery companies, announced that it has entered into a definitive agreement to sell Grubhub Inc. (“Grubhub”) to Wonder Group, Inc. (“Wonder”) for an enterprise value of $650 million. Grubhub will be transferred with its $500 million of senior notes. Cravath is representing Just Eat Takeaway.com in connection with the transaction.

                Deals & Cases

                October 25, 2024

                L&G’s Investment in Taurus Investment Holdings

                On October 25, 2024, Legal & General (“L&G”), one of the U.K.’s leading financial services groups and a major global investor, announced its strategic investment in Taurus Investment Holdings, LLC (“Taurus”), a Boston‑based, global real estate private equity firm, alongside an initial commitment of up to $200 million in seed capital to multifamily real estate. Cravath is representing L&G in connection with the transaction.

                Deals & Cases

                July 16, 2024

                Atalaya Capital Management’s Sale of its Business to Blue Owl Capital

                On July 16, 2024, Atalaya Capital Management LP (“Atalaya Capital Management”), a privately‑held alternative credit manager, and Blue Owl Capital Inc. (“Blue Owl Capital”), an alternative asset manager, announced that they have entered into a definitive agreement for Blue Owl Capital to acquire the business of Atalaya Capital Management for $450 million. The closing purchase price of $450 million is comprised of $350 million of Blue Owl equity and $100 million of cash. In addition, there is potential for up to $350 million of earnout consideration in the form of equity, subject to certain adjustments and achievement of future revenue targets. Cravath is representing Atalaya Capital Management in connection with the transaction.

                Deals & Cases

                May 28, 2024

                UScellular’s $4.4 Billion Sale of Wireless Operations and Select Spectrum Assets to T‑Mobile

                On May 28, 2024, United States Cellular Corporation (“UScellular”) announced that it has entered into a definitive agreement to sell its wireless operations and select spectrum assets to T‑Mobile for a purchase price of $4.4 billion, including a combination of cash and up to approximately $2 billion of assumed debt. Under the terms of the agreement, T‑Mobile will acquire UScellular’s wireless operations and approximately 30% of its spectrum assets across several spectrum bands. In addition, T‑Mobile will enter into a new master license agreement with UScellular on more than 2,000 towers. The agreement follows a thorough strategic review process announced in August 2023 and has been unanimously recommended by the independent directors of UScellular and unanimously approved by the Board of Directors of UScellular. Cravath is representing the independent directors of UScellular in connection with the transaction.

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