Four Decades for Justice
Cravath’s global private equity practice advises private equity firms and their portfolio companies on all aspects of private equity investing. Our private equity clients encompass traditional leveraged buyout funds, real estate, credit and hedge funds, as well as new and non‑traditional participants in the private equity space, including pension plans, family offices, insurance companies and sovereign wealth funds. We also advise on transactions involving special purpose acquisition companies (SPACs) and private investments in public equity (PIPEs).
Cravath’s culture of training and developing our lawyers across our core corporate practice areas produces uniquely skilled practitioners who approach private equity transactions holistically and with a depth of knowledge across all aspects of private equity investing. We combine the knowledge and experience of our mergers and acquisitions partners, together with the exceptional expertise of our finance and investment management and funds partners, to provide a significant advantage to our private equity clients, whose transactions often traverse several of these areas.
Our renowned mergers and acquisitions practice advises on a broad array of U.S., cross‑border and international transactions, ranging from strategic and minority equity investments to large precedent‑setting combinations. Our mergers and acquisitions representations often involve private equity firms, independently or as part of a consortium, which enables us to provide unique insight into the perspective of a corporate target.
Our market‑leading finance practice devises efficient and business‑oriented financing structures to meet clients’ most important capital‑raising needs. While not every matter requires complex, multicurrency, multijurisdictional financings, our private equity clients benefit from our lawyers’ deep expertise with the latest market trends and innovative financing techniques.
Cravath has also been at the forefront of legal innovation in the private equity sphere. The Firm successfully pioneered the process of creating publicly listed funds for the established U.S. private equity community. Clients further benefit from the Firm’s unparalleled expertise in antitrust, intellectual property, tax and regulatory enforcement and compliance matters.
Cravath’s culture of training and developing our lawyers across our core corporate practice areas produces uniquely skilled practitioners who approach private equity transactions holistically and with a depth of knowledge across all aspects of private equity investing. We combine the knowledge and experience of our mergers and acquisitions partners, together with the exceptional expertise of our finance and investment management and funds partners, to provide a significant advantage to our private equity clients, whose transactions often traverse several of these areas.
Our renowned mergers and acquisitions practice advises on a broad array of U.S., cross‑border and international transactions, ranging from strategic and minority equity investments to large precedent‑setting combinations. Our mergers and acquisitions representations often involve private equity firms, independently or as part of a consortium, which enables us to provide unique insight into the perspective of a corporate target.
Our market‑leading finance practice devises efficient and business‑oriented financing structures to meet clients’ most important capital‑raising needs. While not every matter requires complex, multicurrency, multijurisdictional financings, our private equity clients benefit from our lawyers’ deep expertise with the latest market trends and innovative financing techniques.
Cravath has also been at the forefront of legal innovation in the private equity sphere. The Firm successfully pioneered the process of creating publicly listed funds for the established U.S. private equity community. Clients further benefit from the Firm’s unparalleled expertise in antitrust, intellectual property, tax and regulatory enforcement and compliance matters.
Deals & Cases
April 02, 2024
On April 2, 2024, Endeavor Group Holdings, Inc. (“Endeavor”), a global sports and entertainment company, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors. Cravath is representing the independent Special Committee of Endeavor’s board of directors in connection with the transaction.
Deals & Cases
March 22, 2024
On March 21, 2024, ECN Capital Corp. (“ECN Capital”), a leading provider of business services to North American based banks, credit unions, life insurance companies, pension funds and institutional investors, announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners, a private investment firm. The transaction closed on February 21, 2024. Cravath represented ECN Capital in connection with the transaction.
Deals & Cases
March 21, 2024
Cravath represented ODDITY Tech Ltd. (“ODDITY”) in connection with the $239 million registered secondary offering of ODDITY’s class A ordinary shares by a fund managed by L Catterton. ODDITY is a consumer tech company that builds and scales digital‑first brands for the beauty and wellness industries in the United States and internationally. ODDITY owns IL MAKIAGE and SpoiledChild. The shares were listed on the NASDAQ Global Market. The transaction closed on March 19, 2024.
Deals & Cases
March 21, 2024
Cravath represented the underwriters in connection with the $600 million registered senior notes offering and concurrent $400 million registered fixed‑rate junior subordinated 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 registered senior notes offering closed on March 5, 2024 and the registered fixed‑rate junior subordinated notes offering closed on March 4, 2024.
Deals & Cases
February 06, 2024
On February 6, 2024, altafiber, provider of integrated communications solutions over its fiber‑optic network to residential and business customers in Ohio, Kentucky, and Indiana, and TowerBrook Capital Partners (“TowerBrook”), the New York and London‑based international investment firm, announced that TowerBrook has agreed to acquire CBTS, a leading North American provider of IT solutions and services, from altafiber. Cravath is representing altafiber in connection with the transaction.
Activities & Publications
March 21, 2024
Five Cravath partners were selected to serve on Law360’s 2024 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Evan Norris (Cybersecurity & Privacy), Helam Gebremariam (Securities), Bethany A. Pfalzgraf (Mergers & Acquisitions) and Maurio A. Fiore (Private Equity). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.
Accolades
February 14, 2024
On February 12, 2024, Cravath was featured by Law360 as a “Mergers & Acquisitions Practice Group of the Year,” receiving the distinction for the eleventh time in thirteen years. The profile highlighted the Firm’s role representing the Snyder Family in its sale of the Washington Commanders to Josh Harris and partners, WestRock in its $20 billion combination with Smurfit Kappa, Brookfield Renewable in its and Cameco’s $7.875 billion acquisition of Westinghouse and Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals.
Activities & Publications
February 07, 2024
On February 6, 2024, Cravath published the latest edition of its Quarterly Review, which examines the Q4 2023 M&A, activism and corporate governance landscape. The Review provides an overview of activity in those areas and discusses other fourth quarter highlights, including the FTC and DOJ’s finalized merger guidelines, recent Delaware cases and related jurisprudence, findings from the FTC and DOJ Antitrust Division’s Hart‑Scott‑Rodino Annual Report and recent rule adoptions related to corporate governance matters.
Activities & Publications
November 13, 2023
On November 9, 2023, Cravath published the latest edition of its Quarterly Review, which examines the Q3 2023 M&A, activism and corporate governance landscape. The Review provides an overview of activity in those areas and discusses other third quarter highlights, including the FTC and DOJ’s proposed changes to merger guidelines, recent Delaware cases and related jurisprudence, findings from CFIUS’s Annual Report and recent rule adoptions and proposals related to corporate governance matters.
Accolades
October 27, 2023
On October 26, 2023, London’s The Times announced the inclusion of Cravath in its 2024 list of the “Best Law Firms.” The annual list recognizes “the best lawyers for business, public and private-client law” in England and Wales, and highlighted the work of Cravath’s London office, including its representation of the lead arrangers in connection with senior facilities to finance the pending acquisition of Palex Medical. This year’s list is the first year in which Cravath has been recognized and commends the Firm for its work in banking and finance.
Deals & Cases
April 02, 2024
On April 2, 2024, Endeavor Group Holdings, Inc. (“Endeavor”), a global sports and entertainment company, announced that it has entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with the Endeavor management team and additional anchor investors. Cravath is representing the independent Special Committee of Endeavor’s board of directors in connection with the transaction.
Deals & Cases
March 22, 2024
On March 21, 2024, ECN Capital Corp. (“ECN Capital”), a leading provider of business services to North American based banks, credit unions, life insurance companies, pension funds and institutional investors, announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners, a private investment firm. The transaction closed on February 21, 2024. Cravath represented ECN Capital in connection with the transaction.
Deals & Cases
March 21, 2024
Cravath represented ODDITY Tech Ltd. (“ODDITY”) in connection with the $239 million registered secondary offering of ODDITY’s class A ordinary shares by a fund managed by L Catterton. ODDITY is a consumer tech company that builds and scales digital‑first brands for the beauty and wellness industries in the United States and internationally. ODDITY owns IL MAKIAGE and SpoiledChild. The shares were listed on the NASDAQ Global Market. The transaction closed on March 19, 2024.
Deals & Cases
March 21, 2024
Cravath represented the underwriters in connection with the $600 million registered senior notes offering and concurrent $400 million registered fixed‑rate junior subordinated 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 registered senior notes offering closed on March 5, 2024 and the registered fixed‑rate junior subordinated notes offering closed on March 4, 2024.
Deals & Cases
February 06, 2024
On February 6, 2024, altafiber, provider of integrated communications solutions over its fiber‑optic network to residential and business customers in Ohio, Kentucky, and Indiana, and TowerBrook Capital Partners (“TowerBrook”), the New York and London‑based international investment firm, announced that TowerBrook has agreed to acquire CBTS, a leading North American provider of IT solutions and services, from altafiber. Cravath is representing altafiber in connection with the transaction.
Activities & Publications
March 21, 2024
Five Cravath partners were selected to serve on Law360’s 2024 Editorial Advisory Boards: Wes Earnhardt (Media & Entertainment), Evan Norris (Cybersecurity & Privacy), Helam Gebremariam (Securities), Bethany A. Pfalzgraf (Mergers & Acquisitions) and Maurio A. Fiore (Private Equity). As Editorial Advisory Board members, they will provide feedback on Law360’s coverage and expert insight on how best to shape future coverage.
Accolades
February 14, 2024
On February 12, 2024, Cravath was featured by Law360 as a “Mergers & Acquisitions Practice Group of the Year,” receiving the distinction for the eleventh time in thirteen years. The profile highlighted the Firm’s role representing the Snyder Family in its sale of the Washington Commanders to Josh Harris and partners, WestRock in its $20 billion combination with Smurfit Kappa, Brookfield Renewable in its and Cameco’s $7.875 billion acquisition of Westinghouse and Biogen in its $7.3 billion acquisition of Reata Pharmaceuticals.
Activities & Publications
February 07, 2024
On February 6, 2024, Cravath published the latest edition of its Quarterly Review, which examines the Q4 2023 M&A, activism and corporate governance landscape. The Review provides an overview of activity in those areas and discusses other fourth quarter highlights, including the FTC and DOJ’s finalized merger guidelines, recent Delaware cases and related jurisprudence, findings from the FTC and DOJ Antitrust Division’s Hart‑Scott‑Rodino Annual Report and recent rule adoptions related to corporate governance matters.
Activities & Publications
November 13, 2023
On November 9, 2023, Cravath published the latest edition of its Quarterly Review, which examines the Q3 2023 M&A, activism and corporate governance landscape. The Review provides an overview of activity in those areas and discusses other third quarter highlights, including the FTC and DOJ’s proposed changes to merger guidelines, recent Delaware cases and related jurisprudence, findings from CFIUS’s Annual Report and recent rule adoptions and proposals related to corporate governance matters.
Accolades
October 27, 2023
On October 26, 2023, London’s The Times announced the inclusion of Cravath in its 2024 list of the “Best Law Firms.” The annual list recognizes “the best lawyers for business, public and private-client law” in England and Wales, and highlighted the work of Cravath’s London office, including its representation of the lead arrangers in connection with senior facilities to finance the pending acquisition of Palex Medical. This year’s list is the first year in which Cravath has been recognized and commends the Firm for its work in banking and finance.
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