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On May 15, 2025, the boards of Greencore Group plc (“Greencore”), a leading manufacturer of convenience foods in the UK, and Bakkavor Group Plc (“Bakkavor”), a leading provider of fresh prepared food in the UK, announced that they have agreed the terms of a recommended acquisition of Bakkavor by Greencore at a base consideration which values each Bakkavor share at 200 pence, which implies Bakkavor’s entire issued and to be issued share capital is valued at approximately £1.2 billion. Under the terms of the transaction, Bakkavor shareholders will be entitled to (for each Bakkavor share): 0.604 new Greencore shares, 85 pence in cash and one contingent value right. Cravath is representing Greencore as U.S. counsel in connection with the transaction.

Cravath represented the European Investment Bank (“EIB”) in connection with its $4 billion SEC registered notes offering. The purpose of the EIB is to contribute to the balanced and steady development of the internal market among Member States of the European Union. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on March 18, 2025.

Cravath represented the initial purchasers in connection with the €325 million 144A/Reg. S high‑yield senior secured notes offering of Flora Food Management B.V. (f/k/a Upfield B.V.). Flora Food Management B.V. operates as a plant‑based consumer product company. The transaction closed on February 3, 2025.

Cravath represented the European Investment Bank (“EIB”) in connection with its $3 billion SEC registered notes offering. The purpose of the EIB is to contribute to the balanced and steady development of the internal market among Member States of the European Union. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on February 12, 2025.

On February 3, 2025, Marlin Equity Partners, a leading global investment firm, announced its majority growth investment in Napier Technologies Limited (Napier AI), a London‑based compliance technology firm supplying anti‑money laundering software to a global customer base. Cravath represented an affiliate of Marlin Equity Partners in the committed debt financing in connection with the transaction.

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 March 31, 2025, Cravath partner Philip J. Boeckman was named for the fourth consecutive year to India Business Law Journal’s 2025 “International A‑List.” The list recognizes lawyers who are “indispensable advisers on India‑related matters, bridging jurisdictions and driving transactions and disputes that fuel India’s engagement with the world,” as nominated primarily by lawyers at Indian law firms.

Cravath partners G.J. Ligelis Jr., Alyssa K. Caples, Christopher K. Fargo and Margaret T. Segall co‑authored the U.S. Law & Practice chapter of the fifth edition of Chambers “Investing In… 2025” Guide, which was published in January 2025. The guide, which is part of the publisher’s Global Practice Guides series, examines country‑specific legal issues that arise from foreign direct investment (“FDI”) and cross‑border transactions in the more than 30 jurisdictions covered. The U.S. Law & Practice chapter surveys the legal system and regulatory framework for FDI in the country, analyzing the economic climate, as well as considerations related to mergers and acquisitions, corporate governance, capital markets, antitrust, national security, tax, employment and intellectual property.

In January 2025, Cravath released the second issue of its Alumni Journal, a digital publication dedicated to highlighting the vibrancy of the Firm’s global alumni community. In each edition, the Journal features stories from Cravath alumni at various stages of their careers; updates from across the Firm’s New York, London and Washington, D.C. offices; insights into pro bono and other Firm partnerships; and facts and stories from the Firm’s more than 200‑year history. 

On January 28, 2025, Cravath partner Korey Fevzi was selected as a member of The Lawyer’s 2025 Hot 100, which recognizes a “diverse mix of legal professionals” defined by their “excellence” and “relevance.”