January 25, 2023
On January 24, 2023, WiseTech Global, developer of leading logistics execution software CargoWise, announced its acquisition of Envase Technologies (“Envase”), a leading provider of transport management system software for intermodal trucking, drayage (container haulage) and landside logistics in North America, in a transaction valued at $230 million. Envase is being acquired from private investment firm and supply chain investor Firmament, and a small number of other sellers. Cravath is representing WiseTech Global in connection with the transaction.
The Cravath team is led by partners George F. Schoen and G.J. Ligelis Jr. and includes associates Virginia M. Anderson, Cole DuMond, Caroline B. Bowman and Luke A. Martin on M&A matters; partner Ronald E. Creamer Jr. and associate Christopher M. Winters on tax matters; partner David J. Kappos and associates Ryan J. Wichtowski and Kathryn‑Ann Stamm on intellectual property matters; partner Eric W. Hilfers, senior attorney Sarah W. Colangelo and associate Chris S. Moon on executive compensation and benefits matters; partner Margaret T. Segall, of counsels Jesse M. Weiss and Benjamin G. Joseloff and associate Lila J. E. Nojima on regulatory matters; senior attorney Joyce Law and practice area attorney Lauren Piechocki on real estate matters; and senior attorney Annmarie M. Terraciano on environmental matters. Shoumick M. Hasan also worked on M&A matters, Tristan Baylor also worked on tax matters, and Sarah R. Brathwaite also worked on intellectual property matters.
Deals & Cases
December 21, 2022
On December 21, 2022, IsoPlexis, a life sciences company with platforms that provide insights into how multi-functional immune cells communicate and respond, and Berkeley Lights, a life sciences tools company, announced a definitive agreement under which Berkeley Lights will acquire IsoPlexis in an all-stock transaction. Under the terms of the agreement, IsoPlexis shareholders will receive 0.612 shares of Berkeley Lights stock for each IsoPlexis share they hold. Following the close of the transaction, Berkeley Lights shareholders will own approximately 75.2 percent of the combined company, and IsoPlexis shareholders will own approximately 24.8 percent of the combined company. The combined company will be named PhenomeX. Cravath is representing IsoPlexis in connection with the transaction.
Deals & Cases
December 13, 2022
On December 13, 2022, Lifezone Metals, a developer of cleaner battery metals, announced it has entered into a definitive agreement for a business combination with GoGreen Investments, a publicly-listed special acquisition company. The transaction will create the first nickel resource and green technology company listed on the NYSE and, upon completion, the combined company will operate under the “Lifezone Metals” name and be listed under the ticker symbol “LZM.” The transaction values the combined company at a pro forma implied equity value of up to approximately $1.0 billion. Cravath is representing Lifezone Metals in connection with the transaction.
Deals & Cases
December 12, 2022
On December 12, 2022, BDT Capital Partners LLC (“BDT”) and Weber Inc. (“Weber”), a global leader in outdoor cooking innovation, technology and products, announced that they have entered into a definitive merger agreement pursuant to which investment funds managed by BDT will purchase all of the outstanding Class A Shares that they do not already own, for $8.05 per share of Class A common stock of Weber, which implies a total enterprise value of $3.7 billion for Weber. Cravath is representing BDT in connection with the transaction.
Deals & Cases
December 08, 2022
On December 7, 2022, IBM announced an agreement to acquire Octo, a U.S.-based IT modernization and digital transformation services provider exclusively serving the U.S. federal government, including defense, health and civilian agencies. IBM's acquisition of Octo establishes one of the largest digital transformation partners to the federal government. Cravath is representing IBM in connection with the transaction.
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