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Cravath Publishes Summer 2026 Issue of Alumni Journal

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People

Matthew M.
Kelly

Partner, Corporate

mkelly@cravath.com
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Matthew M. Kelly represents financial institutions and private equity and corporate borrowers in connection with a wide range of syndicated loan, direct lending and other financing transactions, including acquisition finance and investment‑grade and leveraged finance.

Mr. Kelly’s notable banking and finance deals include advising:

  • Olin in its $1.375 billion term loan facility and $600 million revolving credit facility;
  • Argo Group, an affiliate of Brookfield, in its $750 million term loan facility;
  • Lindsay Goldberg in $505 million of credit facilities to finance the acquisition of The Kleinfelder Group;
  • NSM Insurance in $161 million of credit facilities to finance its acquisition of Fresh Insurance Services;
  • Florida East Coast Industries in its term loan facility;
  • the agent and arranger in an aggregate of $11.54 billion of term loan facilities made available to TransDigm;

  • the agent and arranger in a $2.75 billion revolving credit facility made available to Goodyear to finance its acquisition of Cooper Tire & Rubber;

  • the agent and arranger in an aggregate of $5.54 billion of term loan facilities made available to Axalta;

  • the agent and arranger in a $1.5 billion senior secured revolving credit facility made available to Alcoa;
  • the agent and arranger in $1.125 billion of incremental term loans made available to Bright Horizons;
  • the agent and arranger in $890 million of credit facilities made available to Frontdoor;

  • the agent and arranger in $750 million of credit facilities made available to MSG National Properties;

  • the agent and arranger in $660 million of credit facilities made available to American Seafoods Group, an affiliate of Bregal Partners;
  • the agent and arranger in $355 million of credit facilities made available to affiliates of Silver Lake to finance its acquisition of Weld North Education;
  • the agent and arranger in $350 million of credit facilities made available to PS HoldCo, an affiliate of One Equity Partners, to finance its acquisition of PS Logistics; and
  • the agent and arranger in $270 million of credit facilities made available in connection with EQT’s acquisition of Certara.

Mr. Kelly has been recognized by Lawdragon as among the “500 Leading Dealmakers in America” and the “500 X – The Next Generation” and by The Legal 500 US for commercial lending.

Mr. Kelly is from New York, New York. He received an A.B. cum laude from Dartmouth College in 2006 and a J.D. magna cum laude from New York University School of Law in 2013, where he was a John Norton Pomeroy Scholar, a Benjamin Butler Scholar, a Notes Editor of the Law Review, Managing Editor of The Commentator, a recipient of the Law Review Alumni Association Award and elected to the Order of the Coif.

Mr. Kelly joined Cravath in 2013 and was elected a partner in 2020.

Mr. Kelly’s notable banking and finance deals include advising:

  • Olin in its $1.375 billion term loan facility and $600 million revolving credit facility;
  • Argo Group, an affiliate of Brookfield, in its $750 million term loan facility;
  • Lindsay Goldberg in $505 million of credit facilities to finance the acquisition of The Kleinfelder Group;
  • NSM Insurance in $161 million of credit facilities to finance its acquisition of Fresh Insurance Services;
  • Florida East Coast Industries in its term loan facility;
  • the agent and arranger in an aggregate of $11.54 billion of term loan facilities made available to TransDigm;

  • the agent and arranger in a $2.75 billion revolving credit facility made available to Goodyear to finance its acquisition of Cooper Tire & Rubber;

  • the agent and arranger in an aggregate of $5.54 billion of term loan facilities made available to Axalta;

  • the agent and arranger in a $1.5 billion senior secured revolving credit facility made available to Alcoa;
  • the agent and arranger in $1.125 billion of incremental term loans made available to Bright Horizons;
  • the agent and arranger in $890 million of credit facilities made available to Frontdoor;

  • the agent and arranger in $750 million of credit facilities made available to MSG National Properties;

  • the agent and arranger in $660 million of credit facilities made available to American Seafoods Group, an affiliate of Bregal Partners;
  • the agent and arranger in $355 million of credit facilities made available to affiliates of Silver Lake to finance its acquisition of Weld North Education;
  • the agent and arranger in $350 million of credit facilities made available to PS HoldCo, an affiliate of One Equity Partners, to finance its acquisition of PS Logistics; and
  • the agent and arranger in $270 million of credit facilities made available in connection with EQT’s acquisition of Certara.

Mr. Kelly has been recognized by Lawdragon as among the “500 Leading Dealmakers in America” and the “500 X – The Next Generation” and by The Legal 500 US for commercial lending.

Mr. Kelly is from New York, New York. He received an A.B. cum laude from Dartmouth College in 2006 and a J.D. magna cum laude from New York University School of Law in 2013, where he was a John Norton Pomeroy Scholar, a Benjamin Butler Scholar, a Notes Editor of the Law Review, Managing Editor of The Commentator, a recipient of the Law Review Alumni Association Award and elected to the Order of the Coif.

Mr. Kelly joined Cravath in 2013 and was elected a partner in 2020.

Education

  • J.D., 2013, New York University School of Law
    John Norton Pomeroy Scholar; Benjamin Butler Scholar; Order of the Coif, magna cum laude
  • A.B., 2006, Dartmouth College
    cum laude

Admitted In

  • New York

Rankings

Lawdragon

  • 500 Leading Dealmakers in America (2025, 2024)
  • 500 X – The Next Generation (2026-2023)

The Legal 500 US

  • Commercial Lending: Advice to Bank Lenders (2026, 2025)
  • Commercial Lending: Advice to Borrowers (2026-2022)

Deals & Cases

October 01, 2026

$120 Billion Korean Commitment to Support Construction of Westinghouse Nuclear Reactors in U.S.

On September 30, 2026, Westinghouse Electric Company (“Westinghouse”) and Brookfield Asset Management (“Brookfield”) welcomed the new strategic partnership between the U.S. Government and the Republic of Korea (“Korea”) to support the deployment of Westinghouse technology in the U.S. Under the partnership, Korea commits up to $120 billion of investment to help finance the construction of eight nuclear reactors in the U.S., including six Westinghouse AP1000 reactors and two Korean APR1400 reactors which also incorporate Westinghouse technology. The partnership also provides for a cornerstone equity investment of between 5% and 10% in Westinghouse by Korea. Cravath is representing Westinghouse and Brookfield in connection with the strategic partnership.

Deals & Cases

September 04, 2026

Stanley Black & Decker’s Sale of Excel Industries to Bad Boy Mowers

On September 4, 2026, Stanley Black & Decker, a worldwide leader in Tools and Outdoor, announced that it has entered into a definitive agreement to sell its Excel Industries (“Excel”) business to Bad Boy Mowers. Excel is a leading designer and manufacturer of premium commercial and residential turf‑care equipment under the distinct brand of Hustler Turf Equipment (“Hustler”). Cravath is representing Stanley Black & Decker in connection with the transaction.

Deals & Cases

May 01, 2026

Integris’ Planned Acquisition of First Focus

On April 27, 2026, Integris, a national leader in managed AI and IT services backed by OMERS Private Equity, announced its intent, subject to regulatory approval, to acquire First Focus, the largest managed service provider serving small and midsize businesses in Australia, New Zealand and the Philippines. Cravath is representing Integris as U.S. counsel in connection with the transaction.

Deals & Cases

April 10, 2026

Expedia Group, Inc.’s $2.5 Billion Revolving Credit Facility

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $2.5 billion revolving credit facility made available to Expedia Group, Inc., one of the world’s largest online travel companies. The transaction closed on March 27, 2026.

Deals & Cases

December 22, 2025

CWAN’s $8.4 Billion Acquisition by Permira and Warburg Pincus

On December 21, 2025, Clearwater Analytics (“CWAN”) announced that it has entered into a definitive agreement to be acquired in a transaction valued at approximately $8.4 billion by a Permira and Warburg Pincus‑led Investor Group (the “Investor Group”), with participation from Temasek. The Investor Group has key support from Francisco Partners. The Special Committee of the CWAN Board of Directors unanimously recommended this transaction and the CWAN Board of Directors subsequently approved this transaction. Under the terms of the agreement, CWAN stockholders will receive $24.55 per share in cash upon completion of the proposed transaction. Cravath is representing the Special Committee of the CWAN Board of Directors in connection with the transaction.

Publications

February 07, 2024

Potential FSOC Scrutiny of “Big Tech” Firms

On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”

Publications

March 01, 2023

Matt Kelly and Doug Dolan Author Chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide

Cravath partners Matthew M. Kelly and Douglas Dolan authored the United States chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide, which was published in February 2023. The chapter provides a market overview and examines methods of acquisition, finance structure and procedures and other key issues relating to acquisition financing.

Matthew M. Kelly represents financial institutions and private equity and corporate borrowers in connection with a wide range of syndicated loan, direct lending and other financing transactions, including acquisition finance and investment‑grade and leveraged finance.

Mr. Kelly’s notable banking and finance deals include advising:

  • Olin in its $1.375 billion term loan facility and $600 million revolving credit facility;
  • Argo Group, an affiliate of Brookfield, in its $750 million term loan facility;
  • Lindsay Goldberg in $505 million of credit facilities to finance the acquisition of The Kleinfelder Group;
  • NSM Insurance in $161 million of credit facilities to finance its acquisition of Fresh Insurance Services;
  • Florida East Coast Industries in its term loan facility;
  • the agent and arranger in an aggregate of $11.54 billion of term loan facilities made available to TransDigm;

  • the agent and arranger in a $2.75 billion revolving credit facility made available to Goodyear to finance its acquisition of Cooper Tire & Rubber;

  • the agent and arranger in an aggregate of $5.54 billion of term loan facilities made available to Axalta;

  • the agent and arranger in a $1.5 billion senior secured revolving credit facility made available to Alcoa;
  • the agent and arranger in $1.125 billion of incremental term loans made available to Bright Horizons;
  • the agent and arranger in $890 million of credit facilities made available to Frontdoor;

  • the agent and arranger in $750 million of credit facilities made available to MSG National Properties;

  • the agent and arranger in $660 million of credit facilities made available to American Seafoods Group, an affiliate of Bregal Partners;
  • the agent and arranger in $355 million of credit facilities made available to affiliates of Silver Lake to finance its acquisition of Weld North Education;
  • the agent and arranger in $350 million of credit facilities made available to PS HoldCo, an affiliate of One Equity Partners, to finance its acquisition of PS Logistics; and
  • the agent and arranger in $270 million of credit facilities made available in connection with EQT’s acquisition of Certara.

Mr. Kelly has been recognized by Lawdragon as among the “500 Leading Dealmakers in America” and the “500 X – The Next Generation” and by The Legal 500 US for commercial lending.

Mr. Kelly is from New York, New York. He received an A.B. cum laude from Dartmouth College in 2006 and a J.D. magna cum laude from New York University School of Law in 2013, where he was a John Norton Pomeroy Scholar, a Benjamin Butler Scholar, a Notes Editor of the Law Review, Managing Editor of The Commentator, a recipient of the Law Review Alumni Association Award and elected to the Order of the Coif.

Mr. Kelly joined Cravath in 2013 and was elected a partner in 2020.

Mr. Kelly’s notable banking and finance deals include advising:

  • Olin in its $1.375 billion term loan facility and $600 million revolving credit facility;
  • Argo Group, an affiliate of Brookfield, in its $750 million term loan facility;
  • Lindsay Goldberg in $505 million of credit facilities to finance the acquisition of The Kleinfelder Group;
  • NSM Insurance in $161 million of credit facilities to finance its acquisition of Fresh Insurance Services;
  • Florida East Coast Industries in its term loan facility;
  • the agent and arranger in an aggregate of $11.54 billion of term loan facilities made available to TransDigm;

  • the agent and arranger in a $2.75 billion revolving credit facility made available to Goodyear to finance its acquisition of Cooper Tire & Rubber;

  • the agent and arranger in an aggregate of $5.54 billion of term loan facilities made available to Axalta;

  • the agent and arranger in a $1.5 billion senior secured revolving credit facility made available to Alcoa;
  • the agent and arranger in $1.125 billion of incremental term loans made available to Bright Horizons;
  • the agent and arranger in $890 million of credit facilities made available to Frontdoor;

  • the agent and arranger in $750 million of credit facilities made available to MSG National Properties;

  • the agent and arranger in $660 million of credit facilities made available to American Seafoods Group, an affiliate of Bregal Partners;
  • the agent and arranger in $355 million of credit facilities made available to affiliates of Silver Lake to finance its acquisition of Weld North Education;
  • the agent and arranger in $350 million of credit facilities made available to PS HoldCo, an affiliate of One Equity Partners, to finance its acquisition of PS Logistics; and
  • the agent and arranger in $270 million of credit facilities made available in connection with EQT’s acquisition of Certara.

Mr. Kelly has been recognized by Lawdragon as among the “500 Leading Dealmakers in America” and the “500 X – The Next Generation” and by The Legal 500 US for commercial lending.

Mr. Kelly is from New York, New York. He received an A.B. cum laude from Dartmouth College in 2006 and a J.D. magna cum laude from New York University School of Law in 2013, where he was a John Norton Pomeroy Scholar, a Benjamin Butler Scholar, a Notes Editor of the Law Review, Managing Editor of The Commentator, a recipient of the Law Review Alumni Association Award and elected to the Order of the Coif.

Mr. Kelly joined Cravath in 2013 and was elected a partner in 2020.

Education

  • J.D., 2013, New York University School of Law
    John Norton Pomeroy Scholar; Benjamin Butler Scholar; Order of the Coif, magna cum laude
  • A.B., 2006, Dartmouth College
    cum laude

Admitted In

  • New York

Rankings

Lawdragon

  • 500 Leading Dealmakers in America (2025, 2024)
  • 500 X – The Next Generation (2026-2023)

The Legal 500 US

  • Commercial Lending: Advice to Bank Lenders (2026, 2025)
  • Commercial Lending: Advice to Borrowers (2026-2022)

Deals & Cases

October 01, 2026

$120 Billion Korean Commitment to Support Construction of Westinghouse Nuclear Reactors in U.S.

On September 30, 2026, Westinghouse Electric Company (“Westinghouse”) and Brookfield Asset Management (“Brookfield”) welcomed the new strategic partnership between the U.S. Government and the Republic of Korea (“Korea”) to support the deployment of Westinghouse technology in the U.S. Under the partnership, Korea commits up to $120 billion of investment to help finance the construction of eight nuclear reactors in the U.S., including six Westinghouse AP1000 reactors and two Korean APR1400 reactors which also incorporate Westinghouse technology. The partnership also provides for a cornerstone equity investment of between 5% and 10% in Westinghouse by Korea. Cravath is representing Westinghouse and Brookfield in connection with the strategic partnership.

Deals & Cases

September 04, 2026

Stanley Black & Decker’s Sale of Excel Industries to Bad Boy Mowers

On September 4, 2026, Stanley Black & Decker, a worldwide leader in Tools and Outdoor, announced that it has entered into a definitive agreement to sell its Excel Industries (“Excel”) business to Bad Boy Mowers. Excel is a leading designer and manufacturer of premium commercial and residential turf‑care equipment under the distinct brand of Hustler Turf Equipment (“Hustler”). Cravath is representing Stanley Black & Decker in connection with the transaction.

Deals & Cases

May 01, 2026

Integris’ Planned Acquisition of First Focus

On April 27, 2026, Integris, a national leader in managed AI and IT services backed by OMERS Private Equity, announced its intent, subject to regulatory approval, to acquire First Focus, the largest managed service provider serving small and midsize businesses in Australia, New Zealand and the Philippines. Cravath is representing Integris as U.S. counsel in connection with the transaction.

Deals & Cases

April 10, 2026

Expedia Group, Inc.’s $2.5 Billion Revolving Credit Facility

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $2.5 billion revolving credit facility made available to Expedia Group, Inc., one of the world’s largest online travel companies. The transaction closed on March 27, 2026.

Deals & Cases

December 22, 2025

CWAN’s $8.4 Billion Acquisition by Permira and Warburg Pincus

On December 21, 2025, Clearwater Analytics (“CWAN”) announced that it has entered into a definitive agreement to be acquired in a transaction valued at approximately $8.4 billion by a Permira and Warburg Pincus‑led Investor Group (the “Investor Group”), with participation from Temasek. The Investor Group has key support from Francisco Partners. The Special Committee of the CWAN Board of Directors unanimously recommended this transaction and the CWAN Board of Directors subsequently approved this transaction. Under the terms of the agreement, CWAN stockholders will receive $24.55 per share in cash upon completion of the proposed transaction. Cravath is representing the Special Committee of the CWAN Board of Directors in connection with the transaction.

Publications

February 07, 2024

Potential FSOC Scrutiny of “Big Tech” Firms

On February 2, 2024, Cravath published a memo for its clients entitled “Potential FSOC Scrutiny of ‘Big Tech’ Firms.”

Publications

March 01, 2023

Matt Kelly and Doug Dolan Author Chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide

Cravath partners Matthew M. Kelly and Douglas Dolan authored the United States chapter for Thomson Reuters Practical Law’s Acquisition Finance Global Guide, which was published in February 2023. The chapter provides a market overview and examines methods of acquisition, finance structure and procedures and other key issues relating to acquisition financing.

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