Four Decades for Justice
Andrew T. Davis focuses his practice on the tax aspects of mergers and acquisitions, including SPAC, spin‑off and private equity transactions, as well as securities offerings.
Mr. Davis’s notable transactions include representing:
Mr. Davis was named a “Rising Star” by Law360 in 2022, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40, and has been recognized for his work in the tax arena by The Legal 500 US. He is a frequent speaker on important developments in tax law and recently participated in a webinar entitled “Inflation Reduction Act - First Impressions,” hosted by the American Bar Association.
Mr. Davis is from Montclair, New Jersey. He received an A.B. summa cum laude from Princeton University in 2010, where he was elected to Phi Beta Kappa, a J.D. from Stanford Law School in 2014, where he was an Articles Editor of the Journal of Law, Business & Finance, and an LL.M. from New York University School of Law in 2020.
Mr. Davis joined Cravath in 2014. Following a one‑year clerkship with Hon. Guido Calabresi of the U.S. Court of Appeals for the Second Circuit, he returned to the Firm in 2016 and was elected a partner in 2021.
Mr. Davis’s notable transactions include representing:
Mr. Davis was named a “Rising Star” by Law360 in 2022, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40, and has been recognized for his work in the tax arena by The Legal 500 US. He is a frequent speaker on important developments in tax law and recently participated in a webinar entitled “Inflation Reduction Act - First Impressions,” hosted by the American Bar Association.
Mr. Davis is from Montclair, New Jersey. He received an A.B. summa cum laude from Princeton University in 2010, where he was elected to Phi Beta Kappa, a J.D. from Stanford Law School in 2014, where he was an Articles Editor of the Journal of Law, Business & Finance, and an LL.M. from New York University School of Law in 2020.
Mr. Davis joined Cravath in 2014. Following a one‑year clerkship with Hon. Guido Calabresi of the U.S. Court of Appeals for the Second Circuit, he returned to the Firm in 2016 and was elected a partner in 2021.
New York State Bar Association
Law360
The Legal 500 US
Deals & Cases
May 24, 2023
Cravath represented the underwriters in connection with the €600 million registered floating rate senior notes offering of Kraft Heinz Foods Company, one of the largest food and beverage companies in the world at the time of the offering. The transaction closed on May 10, 2023.
Deals & Cases
May 17, 2023
Cravath represented the underwriters in connection with the $500 million registered senior notes offering of nVent Finance S.à r.l., a wholly owned subsidiary of nVent Electric plc, a leading global provider of electrical connection and protection solutions. The offering was made in connection with nVent’s previously announced acquisition of ECM Industries. The transaction closed on May 3, 2023.
Deals & Cases
May 15, 2023
On May 15, 2023, Newcrest Mining Limited (“Newcrest”) announced it has entered into a binding scheme implementation deed with Newmont Corporation (“Newmont”), in relation to a proposal for Newmont to acquire 100% of the issued shares in Newcrest by way of a scheme of arrangement. Under the terms of the agreement, Newcrest shareholders will be entitled to receive 0.400 Newmont shares for each Newcrest share held (“Scheme Consideration”). In addition, Newcrest will be permitted to pay a franked special dividend of up to $1.10 per share on or around the implementation of the scheme of arrangement. The Scheme Consideration which would be received by Newcrest shareholders under the proposed transaction, when aggregated with the franked special dividend, represents an implied equity value of A$26.2 billion and enterprise value for Newcrest of A$28.8 billion. Cravath is representing Newcrest as U.S. counsel in connection with the transaction.
Deals & Cases
May 12, 2023
On May 12, 2023, the Washington Commanders and a partnership led by Josh Harris announced they have entered into a purchase and sale agreement which calls for Harris and partners to acquire the Washington Commanders from the Snyder family. The agreement is subject to NFL approval as well as the satisfaction of customary closing conditions. Cravath is representing the Snyder family in connection with the transaction.
Deals & Cases
April 03, 2023
Cravath represented the arranger and the administrative agent in connection with the arrangement of $850 million of credit facilities, consisting of a $500 million revolving credit facility and a $350 million term loan facility, made available to Crane Holdings, Co. (which was renamed Crane NXT, Co.) on March 31, 2023 and the $800 million of credit facilities, consisting of a $500 million revolving credit facility and a $300 million term loan facility, made available to Crane Company on April 3, 2023.
Activities & Publications
May 10, 2023
On May 6, 2023, Cravath partner Andrew T. Davis participated in the American Bar Association’s Tax Section 2023 May Tax Meeting, which was held from May 4‑6, 2023 in Washington, D.C. Andrew spoke on a panel entitled “Downstream Reorganizations,” which examined the special issues raised by downstream reorganizations, including those relating to step transaction principles, business purpose and continuity of business enterprise.
Activities & Publications
February 23, 2023
On February 21, 2023, Cravath partner Andrew T. Davis participated a webinar entitled “CAMT and M&A Transactions: Challenges, Issues and (lots of) Questions,” which was hosted by the D.C. Bar as part of its “Corporate Tax” webinar series. Andrew’s session reviewed the key considerations and uncertainties for M&A transactions arising out of the new corporate alternative minimum tax.
Activities & Publications
November 17, 2022
Cravath partners J. Leonard Teti II, Andrew T. Davis and Arvind Ravichandran participated in the 81st Institute on Federal Taxation, which was hosted by the New York University School of Professional Studies from November 13‑18, 2022 in San Diego and hosted leading professionals to discuss the latest trends and developments in federal tax matters. Len and Andrew spoke on a panel entitled “S Corporations Acquisitions Techniques,” which examined the structure of an S corp acquisition, including structuring techniques, diligence approaches, indemnity consideration and post‑closing audit issues. Arvind spoke on a panel entitled “Workouts and Bankruptcy Tax Planning for Partners and Partnerships,” which identified key tax considerations in common distressed partnership situations.
Activities & Publications
September 16, 2022
On September 13, 2022, Cravath partner Andrew Davis participated in a webinar entitled “Inflation Reduction Act - First Impressions,” hosted by the American Bar Association. Andrew spoke on a panel regarding the newly enacted corporate alternative minimum tax, with a focus on its impact on M&A transactions.
Activities & Publications
June 29, 2022
On June 24, 2022, Cravath partner Andrew T. Davis was featured as part of Law360’s 2022 “Rising Stars” series as one of the top tax attorneys in the nation under the age of 40. The recognition highlights Andrew’s “lead role in structuring billion‑dollar acquisitions across the globe,” including Afterpay’s $29 billion acquisition by Block Inc. Andrew discussed how “helping translate very complicated rules [into] actionable advice” for clients is a rewarding aspect of his practice and provided insight into how the mergers and acquisitions landscape could be affected by global changes in tax policy.
Andrew T. Davis focuses his practice on the tax aspects of mergers and acquisitions, including SPAC, spin‑off and private equity transactions, as well as securities offerings.
Mr. Davis’s notable transactions include representing:
Mr. Davis was named a “Rising Star” by Law360 in 2022, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40, and has been recognized for his work in the tax arena by The Legal 500 US. He is a frequent speaker on important developments in tax law and recently participated in a webinar entitled “Inflation Reduction Act - First Impressions,” hosted by the American Bar Association.
Mr. Davis is from Montclair, New Jersey. He received an A.B. summa cum laude from Princeton University in 2010, where he was elected to Phi Beta Kappa, a J.D. from Stanford Law School in 2014, where he was an Articles Editor of the Journal of Law, Business & Finance, and an LL.M. from New York University School of Law in 2020.
Mr. Davis joined Cravath in 2014. Following a one‑year clerkship with Hon. Guido Calabresi of the U.S. Court of Appeals for the Second Circuit, he returned to the Firm in 2016 and was elected a partner in 2021.
Mr. Davis’s notable transactions include representing:
Mr. Davis was named a “Rising Star” by Law360 in 2022, recognizing him as one of five outstanding tax lawyers in the nation under the age of 40, and has been recognized for his work in the tax arena by The Legal 500 US. He is a frequent speaker on important developments in tax law and recently participated in a webinar entitled “Inflation Reduction Act - First Impressions,” hosted by the American Bar Association.
Mr. Davis is from Montclair, New Jersey. He received an A.B. summa cum laude from Princeton University in 2010, where he was elected to Phi Beta Kappa, a J.D. from Stanford Law School in 2014, where he was an Articles Editor of the Journal of Law, Business & Finance, and an LL.M. from New York University School of Law in 2020.
Mr. Davis joined Cravath in 2014. Following a one‑year clerkship with Hon. Guido Calabresi of the U.S. Court of Appeals for the Second Circuit, he returned to the Firm in 2016 and was elected a partner in 2021.
New York State Bar Association
Law360
The Legal 500 US
Deals & Cases
May 24, 2023
Cravath represented the underwriters in connection with the €600 million registered floating rate senior notes offering of Kraft Heinz Foods Company, one of the largest food and beverage companies in the world at the time of the offering. The transaction closed on May 10, 2023.
Deals & Cases
May 17, 2023
Cravath represented the underwriters in connection with the $500 million registered senior notes offering of nVent Finance S.à r.l., a wholly owned subsidiary of nVent Electric plc, a leading global provider of electrical connection and protection solutions. The offering was made in connection with nVent’s previously announced acquisition of ECM Industries. The transaction closed on May 3, 2023.
Deals & Cases
May 15, 2023
On May 15, 2023, Newcrest Mining Limited (“Newcrest”) announced it has entered into a binding scheme implementation deed with Newmont Corporation (“Newmont”), in relation to a proposal for Newmont to acquire 100% of the issued shares in Newcrest by way of a scheme of arrangement. Under the terms of the agreement, Newcrest shareholders will be entitled to receive 0.400 Newmont shares for each Newcrest share held (“Scheme Consideration”). In addition, Newcrest will be permitted to pay a franked special dividend of up to $1.10 per share on or around the implementation of the scheme of arrangement. The Scheme Consideration which would be received by Newcrest shareholders under the proposed transaction, when aggregated with the franked special dividend, represents an implied equity value of A$26.2 billion and enterprise value for Newcrest of A$28.8 billion. Cravath is representing Newcrest as U.S. counsel in connection with the transaction.
Deals & Cases
May 12, 2023
On May 12, 2023, the Washington Commanders and a partnership led by Josh Harris announced they have entered into a purchase and sale agreement which calls for Harris and partners to acquire the Washington Commanders from the Snyder family. The agreement is subject to NFL approval as well as the satisfaction of customary closing conditions. Cravath is representing the Snyder family in connection with the transaction.
Deals & Cases
April 03, 2023
Cravath represented the arranger and the administrative agent in connection with the arrangement of $850 million of credit facilities, consisting of a $500 million revolving credit facility and a $350 million term loan facility, made available to Crane Holdings, Co. (which was renamed Crane NXT, Co.) on March 31, 2023 and the $800 million of credit facilities, consisting of a $500 million revolving credit facility and a $300 million term loan facility, made available to Crane Company on April 3, 2023.
Activities & Publications
May 10, 2023
On May 6, 2023, Cravath partner Andrew T. Davis participated in the American Bar Association’s Tax Section 2023 May Tax Meeting, which was held from May 4‑6, 2023 in Washington, D.C. Andrew spoke on a panel entitled “Downstream Reorganizations,” which examined the special issues raised by downstream reorganizations, including those relating to step transaction principles, business purpose and continuity of business enterprise.
Activities & Publications
February 23, 2023
On February 21, 2023, Cravath partner Andrew T. Davis participated a webinar entitled “CAMT and M&A Transactions: Challenges, Issues and (lots of) Questions,” which was hosted by the D.C. Bar as part of its “Corporate Tax” webinar series. Andrew’s session reviewed the key considerations and uncertainties for M&A transactions arising out of the new corporate alternative minimum tax.
Activities & Publications
November 17, 2022
Cravath partners J. Leonard Teti II, Andrew T. Davis and Arvind Ravichandran participated in the 81st Institute on Federal Taxation, which was hosted by the New York University School of Professional Studies from November 13‑18, 2022 in San Diego and hosted leading professionals to discuss the latest trends and developments in federal tax matters. Len and Andrew spoke on a panel entitled “S Corporations Acquisitions Techniques,” which examined the structure of an S corp acquisition, including structuring techniques, diligence approaches, indemnity consideration and post‑closing audit issues. Arvind spoke on a panel entitled “Workouts and Bankruptcy Tax Planning for Partners and Partnerships,” which identified key tax considerations in common distressed partnership situations.
Activities & Publications
September 16, 2022
On September 13, 2022, Cravath partner Andrew Davis participated in a webinar entitled “Inflation Reduction Act - First Impressions,” hosted by the American Bar Association. Andrew spoke on a panel regarding the newly enacted corporate alternative minimum tax, with a focus on its impact on M&A transactions.
Activities & Publications
June 29, 2022
On June 24, 2022, Cravath partner Andrew T. Davis was featured as part of Law360’s 2022 “Rising Stars” series as one of the top tax attorneys in the nation under the age of 40. The recognition highlights Andrew’s “lead role in structuring billion‑dollar acquisitions across the globe,” including Afterpay’s $29 billion acquisition by Block Inc. Andrew discussed how “helping translate very complicated rules [into] actionable advice” for clients is a rewarding aspect of his practice and provided insight into how the mergers and acquisitions landscape could be affected by global changes in tax policy.
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