Industrials and Chemicals

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.

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.

Cravath represented AerCap Holdings N.V. in connection with its $1.3 billion registered secondary offering of ordinary shares by the selling shareholder GE Capital US Holdings, a wholly owned subsidiary of General Electric. AerCap Holdings N.V. is the world’s largest independent aircraft leasing company at the time of the offering. The transaction closed on March 13, 2023.

Cravath represented the initial purchasers in connection with the $1 billion 144A/Reg. S high‑yield senior secured notes offering of TransDigm Inc., a leading global designer, producer and supplier of highly engineered aircraft components. The transaction closed on February 24, 2023.

Cravath represented the initial purchasers in connection with the $1.1 billion 144A/Reg. S high‑yield senior secured additional notes offering of TransDigm Inc., a leading global designer, producer and supplier of highly engineered aircraft components. The transaction closed on March 9, 2023.

On January 18, 2023, Cravath was featured by Law360 as an “M&A Practice Group of the Year,” receiving the distinction for the tenth time in twelve years. The profile highlighted the Firm’s role representing CyrusOne in its $15 billion acquisition by KKR and Global Infrastructure Partners, SMBC Aviation Capital in its $6.7 billion acquisition of Goshawk Aviation, and Johnson & Johnson in the planned separation of its Consumer Health Business.

Cravath partner Vanessa A. Lavely was named to Business Insider’s 2022 list of “Rising Stars of the Courtroom,” which was published on June 21, 2022. The feature recognizes “the next crop of great litigators” who are “driven by the thrill of a live courtroom and a sense of mission to help clients get their day in court.” Business Insider noted Vanessa’s successful representation of clients including Tesla, Qualcomm, Minerals Technologies Inc. and Colgate‑Palmolive, on a wide range of litigation matters, noting she “has worked on big cases but also had big roles in ones that have gone under the radar.” Cravath partner Evan Chesler spoke to Insider about impressive client feedback on Vanessa’s performance as a junior associate, which led to her being handed early responsibility for witness examination in a pivotal trial for client NCR.

On January 19, 2022, Cravath was featured by Law360 as an “M&A Practice Group of the Year,” receiving the distinction for the ninth time in eleven years. The Firm was recognized for its role in “many of last year’s major M&A plays,” including its success with “complex cross-border transactions,” as “it regularly represents international entities on enormous transactions.” The article records that almost half the deals Cravath counseled on in 2021 were of the cross-border variety.

On September 16, 2021, Cravath partner Lauren A. Moskowitz was featured as a 2021 Bankruptcy MVP by Law360, which highlighted her representation in financial restructuring and reorganization matters of clients including The Weinstein Co. in its Chapter 11 bankruptcy, Dutch retailer HEMA B.V. in obtaining U.S. chapter 15 recognition of its comprehensive debt restructuring and recapitalization and Stanley Black & Decker in a suit related to Sears's chapter 11 proceedings. Lauren noted that she simultaneously maintains full‑blown bankruptcy and litigation practices, and that each client representation is a “team effort” in which “at any given time, I can lean on my partners.” Lauren also discussed what appeals to her about bankruptcy law and shared advice for junior attorneys, including to “critically think about why” senior attorneys take a particular action.

On September 9, 2021, Cravath partner Mark I. Greene was featured as a 2021 Mergers & Acquisitions MVP by Law360, which highlighted his role guiding Mylan in its $50 billion combination with Upjohn, a division of Pfizer, to form Viatris, now one of the largest generic pharmaceuticals companies in the world. The profile also pointed to Mark’s representation of AerCap in its pending $30 billion acquisition of GE Capital Aviation Services, which Law360 cited as “one of the biggest aviation deals in recent history.” In discussing the Firm’s work over the course of the last year, Mark emphasized the important partnerships with Cravath’s clients, the extraordinary collaboration that took place to meet challenges inherent in each deal and the technology that enabled the seamless transition to virtual interaction between all of the parties.