London

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 August 26, 2025.

Cravath represented Marcura Equities Ltd (“Marcura”), a leading maritime technology provider, in connection with the amendment and restatement of its senior credit facilities. The proceeds were used to finance Marcura’s acquisition of Brightwell Payments, Inc. (“Brightwell Navigator”), the maritime crew payroll and payment services division of Brightwell, an Atlanta-based financial technology company. Marlin Equity Partners is a shareholder of Marcura. The transaction closed on August 1, 2025.

On July 16, 2025, AngloGold Ashanti plc (“AngloGold Ashanti”), an independent, global gold mining company, announced that certain of its subsidiaries have entered into a definitive agreement with Augusta Gold Corp. (“Augusta Gold”) to acquire all issued and outstanding shares of common stock of Augusta Gold at a price of C$1.70 per share of common stock in cash. The price implies an enterprise value for Augusta Gold of approximately C$197 million (approximately $143 million). Cravath is representing AngloGold Ashanti as U.S. counsel in connection with the transaction.

Cravath represented the administrative agent and lead arrangers in connection with the arrangement of $1.42 billion and €1.29 billion of term loan facilities made available to Aggreko, a portfolio company of I Squared Capital and TDR Capital and a global leader in energy solutions, providing rapidly deployable, temporary and semi permanent modular power and temperature control solutions, with strong diversification across customers, geographies and end‑markets. The transaction closed on July 1, 2025.

Cravath represented the European Investment Bank ("EIB") in connection with its $5 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 June 25, 2025.

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 25, 2025, European counsel Nicoleta D. Lupea participated in the 8th Annual IBA European Start‑up Conference in Cascais, Portugal. Nico spoke on a panel entitled “Navigating Ethics for Startup Lawyers.” The panel highlighted the unique ethical challenges faced by lawyers advising fast‑growing companies and investors, including managing conflicts of interest in founder–investor dynamics, preserving confidentiality, ensuring competence and maintaining transparency around fees. The panel also emphasized the benefits of strong ethical standards in safeguarding clients’ trust and supporting sustainable growth and the integrity of the profession in the startup and growth equity ecosystem.

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+.

Cravath released the Summer 2025 issue of its Alumni Journal, which highlights the Firm’s global alumni community. This issue features the career journey of Ed Weiss, Executive Vice President, Corporate Strategy and General Counsel at Fenway Sports Group, as well as a recent conversation with Margot Miller, the Global Vice President of Legal & Corporate Affairs at AB InBev and the company’s e‑commerce platform, BEES. This edition also spotlights the Firm’s antitrust practice and includes photos of the Firm’s new London office, which was recently relocated to 100 Cheapside. 

On July 24, 2025, the India Business Law Journal named Cravath among the “Significant Players” in its 2025 ranking of the top foreign law firms for India-related work. The publication highlighted the Firm’s representation of HDFC Bank Limited as U.S. counsel in its $40 billion merger with HDFC Limited, as well as the Firm’s representation of HMS Networks AB as special U.S. counsel in its acquisition of Red Lion Controls. The Firm was also praised by an interviewee for its consistent “quality of service.”