Cravath, Swaine & Moore LLP Logo
  • Practices
  • People
  • Careers
  • News & Insights
  • Practices
  • People
  • Careers
  • News & Insights
  • Our Story
  • The Cravath System
  • Diversity & Inclusion
  • Pro Bono
  • Alumni Journal
  • 200.Cravath

Cravath’s London Office Moves to 100 Cheapside

Read More

Corporate

Private Equity

Private Equity

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 is recognized as a leading firm for private equity by third‑party publications and has been named a Private Equity Practice Group of the Year by Law360.

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 is recognized as a leading firm for private equity by third‑party publications and has been named a Private Equity Practice Group of the Year by Law360.

  • Deals & Cases
  • Recent News & Insights

Deals & Cases

September 29, 2025

Artivion's Private Capital Credit Facilities

Cravath represented Artivion, Inc. in connection with $400 million of credit facilities obtained from Ares Management Credit funds. Artivion is a leader in the manufacturing, processing and distribution of medical devices and implantable human tissues used in cardiac and vascular surgical procedures for patients with aortic disease. The transaction closed on September 12, 2025.

Deals & Cases

September 22, 2025

Premier’s $2.6 Billion Acquisition by Patient Square

On September 22, 2025, Premier, Inc. (“Premier”), a leading technology‑driven health care improvement company, announced that it has entered into a definitive agreement to be acquired by an affiliate of Patient Square Capital (“Patient Square”) in a transaction valued at $2.6 billion. Under the terms of the agreement, which has been unanimously approved by Premier’s Board of Directors, Premier stockholders will receive $28.25 in cash per share. Cravath is representing the Transaction Committee of Premier’s Board of Directors in connection with the transaction.

Deals & Cases

August 28, 2025

TPG Operating Group II, L.P.’s Registered Senior Notes Offering

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 August 14, 2025.

Deals & Cases

July 24, 2025

BroadStreet Partners Completes Strategic Investment

On July 18, 2025, BroadStreet Partners (“BroadStreet”), a leading middle-market insurance brokerage, announced the successful closing of a strategic investment by an investor group led by Ethos Capital, British Columbia Investment Management Corporation and White Mountains Insurance Group, Ltd. (“White Mountains”). Accounts advised by T. Rowe Price Investment Management, Inc. also participated. Ontario Teachers’ Pension Plan will retain a significant co control stake in BroadStreet and continue its partnership with the Ethos-led investor group. Cravath is representing White Mountains in connection with the transaction.

Deals & Cases

July 22, 2025

Lindsay Goldberg’s Sale of Liquid Tech Solutions to Velocity Rail Solutions

On July 22, 2025, private investment firm Lindsay Goldberg announced the sale of Liquid Tech Solutions, a tech-enabled provider of on-site mobile refueling solutions, to Velocity Rail Solutions, a Wind Point Partners portfolio company. Cravath is representing Lindsay Goldberg in connection with the transaction.

Activities

September 19, 2025

Financial Times Recognizes Cravath with “Innovative Lawyers in Dealmaking” Award at Innovative Lawyer Europe Awards 2025

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+.

Activities

July 02, 2025

Financial News Names Korey Fevzi to its 2025 List of Fifty Most Influential Lawyers

On June 30, 2025, Cravath partner Korey Fevzi was named to Financial News’ “Fifty Most Influential Lawyers” list for 2025, which recognizes “senior lawyers in private practice in M&A, capital markets, financial regulation, and private markets across Europe, including the UK.” Honorees were selected through “extensive research,” considering candidates’ “influence in their respective fields, leadership within the sector, performance over the past year, and their potential to shape their businesses and/or the industry in the years ahead.”

Publications

May 13, 2025

Cravath Publishes Quarterly Review on Q1 2025 Trends in M&A, Activism and Corporate Governance

On May 12, 2025, Cravath published the latest edition of its Quarterly Review, which has been redesigned for the Q1 2025 edition to provide greater insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:

Activities

April 21, 2025

Faiza Saeed Named a 2025 Power Lawyer by The Hollywood Reporter

Cravath partner Faiza J. Saeed was named to The Hollywood Reporter’s annual “Power Lawyers” list, which recognizes “the entertainment industry’s most powerful legal advocates” and was published in the April 2, 2025 issue of The Hollywood Reporter Magazine. The feature highlighted Faiza’s representation of the Paramount Special Committee of independent directors in connection with Paramount’s $28 billion merger agreement with Skydance, as well as her representation of the independent Special Committee of Endeavor’s board of directors in connection with Endeavor’s $25 billion take private acquisition by Silver Lake. This is Faiza’s eighth year being recognized as a “Power Lawyer.”

Activities

April 07, 2025

Cravath Wins IFLR Europe 2025 “Loan Deal of the Year” Award for its Role in Financing TDR Capital and I Squared Capital’s Acquisition of Applus

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.”

Deals & Cases

September 29, 2025

Artivion's Private Capital Credit Facilities

Cravath represented Artivion, Inc. in connection with $400 million of credit facilities obtained from Ares Management Credit funds. Artivion is a leader in the manufacturing, processing and distribution of medical devices and implantable human tissues used in cardiac and vascular surgical procedures for patients with aortic disease. The transaction closed on September 12, 2025.

Deals & Cases

September 22, 2025

Premier’s $2.6 Billion Acquisition by Patient Square

On September 22, 2025, Premier, Inc. (“Premier”), a leading technology‑driven health care improvement company, announced that it has entered into a definitive agreement to be acquired by an affiliate of Patient Square Capital (“Patient Square”) in a transaction valued at $2.6 billion. Under the terms of the agreement, which has been unanimously approved by Premier’s Board of Directors, Premier stockholders will receive $28.25 in cash per share. Cravath is representing the Transaction Committee of Premier’s Board of Directors in connection with the transaction.

Deals & Cases

August 28, 2025

TPG Operating Group II, L.P.’s Registered Senior Notes Offering

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 August 14, 2025.

Deals & Cases

July 24, 2025

BroadStreet Partners Completes Strategic Investment

On July 18, 2025, BroadStreet Partners (“BroadStreet”), a leading middle-market insurance brokerage, announced the successful closing of a strategic investment by an investor group led by Ethos Capital, British Columbia Investment Management Corporation and White Mountains Insurance Group, Ltd. (“White Mountains”). Accounts advised by T. Rowe Price Investment Management, Inc. also participated. Ontario Teachers’ Pension Plan will retain a significant co control stake in BroadStreet and continue its partnership with the Ethos-led investor group. Cravath is representing White Mountains in connection with the transaction.

Deals & Cases

July 22, 2025

Lindsay Goldberg’s Sale of Liquid Tech Solutions to Velocity Rail Solutions

On July 22, 2025, private investment firm Lindsay Goldberg announced the sale of Liquid Tech Solutions, a tech-enabled provider of on-site mobile refueling solutions, to Velocity Rail Solutions, a Wind Point Partners portfolio company. Cravath is representing Lindsay Goldberg in connection with the transaction.

Activities

September 19, 2025

Financial Times Recognizes Cravath with “Innovative Lawyers in Dealmaking” Award at Innovative Lawyer Europe Awards 2025

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+.

Activities

July 02, 2025

Financial News Names Korey Fevzi to its 2025 List of Fifty Most Influential Lawyers

On June 30, 2025, Cravath partner Korey Fevzi was named to Financial News’ “Fifty Most Influential Lawyers” list for 2025, which recognizes “senior lawyers in private practice in M&A, capital markets, financial regulation, and private markets across Europe, including the UK.” Honorees were selected through “extensive research,” considering candidates’ “influence in their respective fields, leadership within the sector, performance over the past year, and their potential to shape their businesses and/or the industry in the years ahead.”

Publications

May 13, 2025

Cravath Publishes Quarterly Review on Q1 2025 Trends in M&A, Activism and Corporate Governance

On May 12, 2025, Cravath published the latest edition of its Quarterly Review, which has been redesigned for the Q1 2025 edition to provide greater insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:

Activities

April 21, 2025

Faiza Saeed Named a 2025 Power Lawyer by The Hollywood Reporter

Cravath partner Faiza J. Saeed was named to The Hollywood Reporter’s annual “Power Lawyers” list, which recognizes “the entertainment industry’s most powerful legal advocates” and was published in the April 2, 2025 issue of The Hollywood Reporter Magazine. The feature highlighted Faiza’s representation of the Paramount Special Committee of independent directors in connection with Paramount’s $28 billion merger agreement with Skydance, as well as her representation of the independent Special Committee of Endeavor’s board of directors in connection with Endeavor’s $25 billion take private acquisition by Silver Lake. This is Faiza’s eighth year being recognized as a “Power Lawyer.”

Activities

April 07, 2025

Cravath Wins IFLR Europe 2025 “Loan Deal of the Year” Award for its Role in Financing TDR Capital and I Squared Capital’s Acquisition of Applus

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.”

Key Contact

  • Peter Feist

    Partner

    pfeist@cravath.com

    +1-212-474-1250

Explore

People in
Private Equity

Cravath Bicentennial

Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

Explore

Cravath, Swaine & Moore LLP Logo
  • CONTACT US
  • OUR STORY
  • ALUMNI PORTAL
  • DISCLAIMERS & NOTICES

Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.