Transportation

On April 6, 2023, GasLog Ltd. (“GasLog”) and GasLog Partners LP (“GasLog Partners”), each an international owner and operator of liquefied natural gas carriers, announced that they have entered into a definitive merger agreement pursuant to which GasLog will acquire all of the outstanding common units of GasLog Partners not beneficially owned by GasLog for overall consideration of $8.65 per common unit in cash. Cravath is representing GasLog in connection with the transaction.

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 underwriters in connection with the $1 billion registered notes offering of Union Pacific Corporation, owner of one of America's leading transportation companies. The transaction closed on February 21, 2023.

On February 17, 2023, WiseTech Global, developer of the leading logistics execution software CargoWise, announced its acquisition of Blume Global (“Blume”), provider of a leading solution facilitating intermodal rail in North America, for $414 million. Blume is being acquired from funds managed by Apollo, EQT and other minority shareholders. Cravath is representing WiseTech Global in connection with the transaction.

On January 24, 2023, WiseTech Global, developer of leading logistics execution software CargoWise, announced its acquisition of Envase Technologies (“Envase”), a leading provider of transport management system software for intermodal trucking, drayage (container haulage) and landside logistics in North America, in a transaction valued at $230 million. Envase is being acquired from private investment firm and supply chain investor Firmament, and a small number of other sellers. Cravath is representing WiseTech Global in connection with the transaction.

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.

On September 16, 2022, Cravath partner Lauren Angelilli was featured as a 2022 Tax MVP by Law360, which highlighted her role as the head of the Firm’s Tax Department and her work on major transactions, including Canadian National’s $33.6 billion agreement to acquire Kansas City Southern. Lauren described helping clients navigate the shifting domestic and international tax landscape. She also explained what drew her to becoming a tax attorney, noting the importance of interpersonal skills in helping communicate to clients the best path forward, and shared advice for junior attorneys, encouraging them to “be inquisitive and speak up.”

On July 28, 2022, Cravath partner Margaret T. Segall was featured in Bloomberg Law’s “They’ve Got Next: 40 Under 40” series, which recognizes “the accomplishments of stellar young lawyers nationwide,” based on their client work, leadership roles, pro bono service and more. In a Q&A, Maggie described her work leading antitrust strategy and global filing coordination for client AerCap in connection with its $30 billion acquisition of GE Capital Aviation Services, which along with her representation of Mylan in its $50 billion combination with Upjohn required securing clearances from competition authorities around the world. Maggie discussed the necessity for creative thinking in helping clients navigate challenging problems with little precedent, which happens often in today’s rapidly evolving regulatory environment. In a related article, Cravath partner Christine Varney, whom Maggie cites as a mentor, told Bloomberg Law that Maggie “has a remarkable, fine‑tuned ability to anticipate any concerns the government might raise and to devise creative solutions to avoid or neutralize objections.”

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 May 6, 2022, The Am Law Litigation Daily featured a Cravath team as “Litigators of the Week” for its successful defense of client Elon Musk in a stockholder derivative suit in the Delaware Court of Chancery related to Tesla’s 2016 acquisition of SolarCity, in which Plaintiffs sought $13 billion in damages. The publication noted that the Court’s decision in favor of Mr. Musk followed an 11‑day trial held in July and August 2021 and additional oral argument in January 2022, and in the Q&A feature, Cravath partners Evan R. Chesler, Daniel Slifkin and Vanessa A. Lavely spoke about the Firm’s introduction to the case; the collaborative approach of the team, which also included partner Helam Gebremariam; key themes that emerged over the course of the trial; as well as important takeaways from the decision, including as they relate to corporate governance.