Professional Services

Cravath represented the initial purchasers in connection with the $500 million 144A/Reg. S high-yield senior notes offering of Science Applications International Corporation ("SAIC"), a leading provider of technical, engineering and enterprise information technology services primarily to the U.S. government. The transaction closed on September 25, 2025.

Cravath represented the underwriters in connection with the $1.5 billion registered senior notes offering of Verisk Analytics, Inc. (“Verisk”), a leading data, analytics and technology provider serving clients in the insurance sector. Proceeds of the offering will be used to partially finance Verisk’s acquisition of Exactlogix, Inc., doing business as AccuLynx.com. The transaction closed on August 21, 2025.

Cravath represented the administrative agent, lead arrangers and bookrunners in connection with $2 billion of credit facilities made available to Verisk Analytics, Inc. (“Verisk”), as part of the financing transactions undertaken in connection with its pending acquisition of Exactlogix, Inc. (“AccuLynx.com”). Verisk is a leading data, analytics and technology provider serving clients in the insurance ecosystem. The credit facilities consisted of a $750 million term loan facility and a $1.25 billion revolving credit facility. The transaction closed on August 15, 2025.

On August 14, 2025, Fitch Learning, a global leader in financial learning and professional certifications, announced it signed an agreement with Moody’s to acquire two of their businesses, Moody’s Analytics Learning Solutions, a global provider of credit training, and the Canadian Securities Institute, a leading provider of professional certifications for the Canadian financial services industry. Cravath is representing Fitch Learning in connection with the transaction.

On May 9, 2025, TaskUs, Inc. (“TaskUs”), a leading provider of outsourced digital services and next‑generation customer experience to companies, announced it has entered into a definitive agreement to become a privately held company. Under the terms of the agreement, an affiliate of Blackstone, TaskUs Co‑Founder and Chief Executive Officer Bryce Maddock and TaskUs Co‑Founder and President Jaspar Weir (collectively the “Buyer Group”) will acquire 100% of the outstanding shares of Class A common stock they do not already own for $16.50 per share in an all-cash transaction. Upon completion of the transaction, the Company’s Class A common stock will no longer be listed on any public market. The TaskUs Board of Directors has approved the transaction upon the unanimous recommendation of a special committee of independent directors (the “Special Committee”), which was formed on March 20, 2025, in response to interest expressed by the Buyer Group in exploring a possible transaction. Cravath is representing the Special Committee in connection with the transaction.

In September 2025, Cravath partner Philip J. Boeckman was elected as Chair of the Society of English and American Lawyers (“SEAL”). SEAL is a London‑based organization that for more than four decades has existed as a forum for English and American lawyers to meet and exchange views on professional, business, academic and cultural matters of concern to them. It brings together barristers, solicitors and members of the judiciary, regularly organizing social functions and talks on topics of interest to lawyers in jurisdictions on both sides of the Atlantic.

On September 18, 2025, the Financial Times recognized Cravath at the publication’s Innovative Lawyer Europe Awards 2025, which recognize the most innovative work and legal service lawyers have developed for their clients in Europe. Cravath was chosen as the winner in the “Dealmaking” category in recognition of the Firm’s representation of the lead arrangers and initial purchasers in the €1.9 billion financing supporting TDR Capital and I Squared Capital’s public-to-private acquisition of Applus+.

On August 12, 2025, Cravath partner Jin‑Kyu Baek was featured in Bloomberg Law’s “They’ve Got Next: 40 Under 40” series, which recognizes young lawyers who are “raising the bar in the legal profession,” based on their work on key client matters, assumption of leadership roles, pro bono commitments and more.

On April 3, 2025, IFLR honored Cravath as an advisor of the “Loan Deal of the Year” at the publication’s 2025 Europe Awards, in connection with the Firm’s representation of the lead arrangers and initial purchasers in the financing for TDR Capital and I Squared Capital’s €1.9 billion acquisition of Applus. In announcing the award, IFLR highlighted the “bespoke innovative English law financing arrangements” involved in the deal as well as the nine global jurisdictions it spanned. The publication also noted how “the deal teams navigated untested regulatory and other deal‑specific requirements that contained a number of firsts in the Spanish market.”

On June 6, 2024, Cravath partners John W. White and Jennifer S. Leete participated in the 42nd Annual SEC and Financial Reporting Institute Conference, which was co‑hosted by the University of Southern California’s Leventhal School of Accounting and Financial Executives International in Los Angeles. The conference featured business and accounting executives and leading professionals from the U.S. Securities and Exchange Commission, the Financial Accounting Standards Board and Public Company Accounting Oversight Board to discuss recent SEC and financial reporting issues. John is Chair of the Institute’s Advisory Board.