Private Equity

Cravath represented the initial purchasers, arrangers and lenders in connection with the offering of €400 million in aggregate principal amount of senior secured notes and new revolving credit facilities of Pasubio, a PAI Partners portfolio company and a leading global supplier of luxury and premium leather and textile materials. Proceeds of the offering were used to redeem Pasubio’s existing senior secured notes, repay drawings under its existing revolving credit facility, pay transaction fees and expenses and for general corporate purposes. The transaction closed on July 27, 2026. 

Cravath is representing the mandated lead arrangers and agent in connection with the infrastructure financing made available to a consortium comprising Energy Capital Partners and KKR for the recommended take‑private acquisition of DCC Energy plc, valued at approximately £5.75 Billion. DCC Energy is a leader in multi‑energy sales and distribution in Europe and the U.S. and a constituent of the FTSE 100. The proposed transaction is subject to shareholder approval and receipt of customary regulatory approvals.

On May 8, 2026, Apax Partners, a leading global investment firm, announced its pending acquisition of a controlling interest in Sedex Information Exchange, a global leader in supply chain risk management solutions. Cravath represented the lenders in the committed debt financing in connection with the transaction.

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.

Cravath represented the underwriters in connection with the $500 million registered senior notes offering of TPG Operating Group II, L.P. TPG Operating Group II, L.P. is a subsidiary of TPG Inc., a leading global alternative asset manager. The transaction closed on February 26, 2026.

On June 26, 2026, Cravath partners Kevin J. Orsini and Andrew C. Compton were named to Lawdragon’s 2026 list of “500 Global Leaders in Energy,” for their work advising clients in the energy sector on Litigation and Corporate matters, respectively. This is the second consecutive year Kevin and Andrew have been featured by Lawdragon for their energy‑related work. 

On June 24, 2026, the Harvard Law School Forum on Corporate Governance published Cravath’s latest quarterly newsletter on M&A, activism and corporate governance. The newsletter provides insight into practical points, key takeaways and relevant developments across the M&A, activism, restructuring, regulatory and corporate governance landscape during the first quarter of 2026. Contributors to this edition include partners Margaret T. Segall, Evan A. Hill, Matthew L. Ploszek, Kimberley S. Drexler and Adam M. Sanchez.

On May 22, 2026, Cravath published the latest edition of its Quarterly Review, which provides insight into practical points, key takeaways and relevant developments across the M&A, activism, restructuring, regulatory and corporate governance landscape. This edition covers:

Four Cravath attorneys were selected to serve on Law360’s 2026 Editorial Advisory Boards: partners Ryan J. Patrone (Capital Markets), Claudia J. Ricciardi (Mergers & Acquisitions) and Jihyun Chung (Private Equity) and of counsel Scott B. Reents (Legal Tech). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.

Cravath partner Andrew C. Compton participated in the Forum on North American Infrastructure Investments, which was presented by Cambridge Forums from February 4‑6, 2026, in New Orleans, Louisiana. Through discussions between senior in-house counsel, institutional investors and external lawyers, the Forum explored trends and developments in direct investments in major infrastructure projects from across North America to discern best practices for successfully completing transactions and addressing the long-term risks and challenges facing investors.