Tax

On April 27, 2026, Integris, a national leader in managed AI and IT services backed by OMERS Private Equity, announced its intent, subject to regulatory approval, to acquire First Focus, the largest managed service provider serving small and midsize businesses in Australia, New Zealand and the Philippines. Cravath is representing Integris as U.S. counsel in connection with the transaction.

Cravath represented Akastor ASA in connection with its indirect 50% owned affiliate HMH Holding Inc.’s initial public offering of 10,520,000 shares of its Class A common stock at $20.00 per share. The shares began trading on The Nasdaq Global Select Market on April 1, 2026, under the ticker symbol “HMH.” The transaction closed on April 2, 2026.

On March 31, 2026, Biogen Inc. and Apellis Pharmaceuticals, Inc. announced that the companies have entered into a definitive agreement under which Biogen has agreed to acquire all outstanding shares of Apellis for $41.00 per share in cash at closing, or approximately $5.6 billion. Apellis stockholders will also receive a nontransferable CVR for each Apellis share held, entitling the holder to receive two payments of $2 per share each, contingent on certain annual global net sales thresholds being met for SYFOVRE®. Cravath is representing Biogen in connection with the transaction.

On March 10, 2026, Elsevier, a global leader in advanced information and decision support and part of RELX, announced it has entered into a definitive agreement to acquire Mytonomy, a leader in video-based patient engagement solutions that will complement Elsevier’s Clinical Solutions portfolio. Cravath is representing RELX in connection with the transaction.

On March 9, 2026, Universal Health Services, Inc. (“UHS”) announced that it has entered into a definitive agreement to acquire Talkspace, Inc. (“Talkspace”) for $5.25 per share. The enterprise value for the transaction is approximately $835 million. Cravath is representing Talkspace in connection with the transaction.

The 2026 edition of the Legal 500 United States ranked Cravath in the top tier nationally in 14 areas: Antitrust - Civil Litigation/Class Actions: Defense; Capital Markets: Debt Offerings (Advice to Issuers); Capital Markets: Debt Offerings (Advice to Underwriters); Capital Markets: Global Offerings (Advice to Issuers); Capital Markets: Global Offerings (Advice to Underwriters); Commercial Lending (Advice to Lenders); Employee Benefits, Executive Compensation and Retirement Plans: Transactional; Environment: Transactional; Financial Services Litigation; International Tax; M&A: Large Deals ($1bn+); M&A Litigation: Defense; Securities Litigation: Defense; and U.S. Taxes: Non‑contentious. In addition, 71 Cravath attorneys were individually recognized by Legal 500 United States this year.

Bob Stack is the former Managing Director of Deloitte’s Washington National Tax Practice, a role he held until his recent retirement. Prior to his work for Deloitte, Bob served as the Deputy Assistant Secretary for International Tax Affairs in the Office of Tax Policy at the U.S. Department of the Treasury. In this episode of On Tax, he and Cravath partner and host Len Teti discuss how an early love of French language and international travel inspired Bob’s path to tax law in front of a live audience of students, faculty and alumni at the University of Virginia School of Law. They also talk about Bob’s tenure at the Treasury Department and reflect on the role senior colleagues play in building knowledge and confidence for professionals across the tax world.

On June 5, 2026, Lawdragon announced the inclusion of 22 Cravath partners in its annual list of the “500 X – The Next Generation.” The list, assembled based on research and vetting by peers, celebrates the “remarkable” lawyers who have “made their mark in fewer than 15 years in practice” and represent “the future of law.”

Patrick Urda is the Chief Judge of the United States Tax Court. In this episode of On Tax, he and Cravath partner and host Len Teti talk about Chief Judge Urda’s path to the federal government and the professional friendships, chance encounters and open‑mindedness that led him there. Chief Judge Urda also reflects on the influence his family has had on his career and what he most enjoys about his current role.

Wiebe Dijkstra is a tax partner at the law firm De Brauw Blackstone Westbroek in Amsterdam, the Netherlands. In this episode of On Tax, he and Cravath partner and host Len Teti talk about Wiebe’s nonlinear path into tax practice, as well as the Best Friends network, through which the two partners and their respective firms frequently collaborate. Wiebe also discusses his approach to mentoring young talent and shares what clients might identify as his professional “superpower.”