Cravath, Swaine & Moore

Star Bulk Completes Merger With Eagle Bulk

Retrieved on: 
Tuesday, April 9, 2024
LLP, Transport, Senior advisor, Cravath, Swaine & Moore

ATHENS, Greece, April 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (“Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has completed its merger with Eagle Bulk Shipping Inc. (“Eagle”).

Key Points: 
  • ATHENS, Greece, April 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (“Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has completed its merger with Eagle Bulk Shipping Inc. (“Eagle”).
  • Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned.
  • Petros Pappas, Chief Executive Officer of Star Bulk, said, “This is an exciting day for Star Bulk as we bring together our companies and create a global leader in dry bulk shipping.
  • Cravath, Swaine & Moore LLP served as legal counsel to Star Bulk.

SMB Law Group Attorney Tops Texas Lawbook's Annual Corporate Deal Tracker Rankings

Retrieved on: 
Tuesday, April 9, 2024
ETA, Dream, Cooley LLP, CDT, Entrepreneurship, Growth, LLP, Cravath, Swaine & Moore, Cryptocurrency

DALLAS, April 9, 2024 /PRNewswire/ -- Today, SMB Law Group, a national law firm focused on small and medium-sized business mergers and acquisitions (M&A), announced that Founding Partner Kevin Henderson, has secured the #1 spot in Texas Lawbook's Annual Corporate Deal Tracker (CDT) Rankings.

Key Points: 
  • DALLAS, April 9, 2024 /PRNewswire/ -- Today, SMB Law Group , a national law firm focused on small and medium-sized business mergers and acquisitions (M&A), announced that Founding Partner Kevin Henderson, has secured the #1 spot in Texas Lawbook's Annual Corporate Deal Tracker (CDT) Rankings .
  • Henderson worked on 30 M&A transactions in 2023, more than any other attorney based in the state of Texas.
  • "Kevin Henderson is an all-star deal maker," said Eric Pacifici, co-founder of SMB Law Group.
  • "Seeing an attorney from SMB Law Group top this prestigious ranking – in only our first year of operation – is nothing short of remarkable.

Strategic Execution and Corporate Simplification Continues – ECN Capital Announces Completion of the Sale of Red Oak Inventory Finance to BharCap Partners

Retrieved on: 
Thursday, March 21, 2024
RV, Sale, LLP, TSX, Housing, Cravath, Swaine & Moore, Red oak, ECN, RBC Capital Markets

TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners.

Key Points: 
  • TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners.
  • The transaction closed on February 21, 2024.
  • This transaction is another milestone in ECN Capital’s corporate simplification plan and strategic review process for the Company’s RV & Marine platform.
  • RBC Capital Markets acted as sole financial advisor to the Company, and Cravath, Swaine & Moore LLP acted as legal advisor to the Company in connection with the transaction.

Silver Lake to Take Endeavor Private

Retrieved on: 
Tuesday, April 2, 2024
General Sports, Sports, Finance, General Entertainment, Professional Services, Events, Concerts, Licensing (Sports), Entertainment, MSD, Barclays, Goldman Sachs, TKO, Simpson Thacher & Bartlett, Endeavor Group Holdings, EDR, Royal Bank of Canada, Latham & Watkins, Telecommunications, Committee, Partnership, WWE, Royal Bank, Lexington Partners, Cravath, Swaine & Moore, VWAP, Endeavor (company), Centerview Partners, Kirkland & Ellis, Bank of America, BofA Securities, Sport, Acquisition, RBC Capital Markets, Whitesell, Growth, IMG, BDT, Deutsche Bank, Bank, LLP, Mubadala Investment Company, Martha Plimpton, Music, UFC, Management

Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.

Key Points: 
  • Silver Lake believes that when consolidating all of TKO’s value into Endeavor, the combined total enterprise value of $25 billion will make this the largest private equity sponsor public-to-private investment transaction in over a decade, and the largest ever in the media and entertainment sector.
  • On the unaffected date, the equity value was $8.2 billion, and the premium to be paid by Silver Lake represents $4.6 billion more equity value to all Endeavor stockholders.
  • Ariel Emanuel, CEO of Endeavor, said: "Since 2012, Endeavor’s strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports and entertainment leader we are today.
  • Egon, Stephen, and the broader Silver Lake team have been and will continue to be phenomenal partners in Endeavor’s journey, and we look forward to the road ahead.”
    Stephen Evans, Managing Director of Silver Lake and a Director of Endeavor, said: “The team at Silver Lake is proud of our longstanding partnership with Endeavor, marked by more than $3.5 billion of direct investment across six distinct transactions over 12 years.

Vista Outdoor Confirms Receipt of Revised Indication of Interest from MNC Capital

Retrieved on: 
Monday, March 25, 2024
Sports, Other Retail, Outdoors, General Sports, Specialty, Consumer, Hunting, Other Sports, Other Manufacturing, Water Skiing, Retail, Other Consumer, Manufacturing, Vista Outdoor, Morgan Stanley, LLP, Acquisition, Initial, CSG, Gibson Dunn, Cravath, Swaine & Moore, MNC, Financial adviser

On March 4, 2024, the Vista Outdoor Board of Directors (the “Vista Outdoor Board”) rejected an unsolicited indication of interest received on February 19, 2024 from MNC pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista Outdoor share (the “Initial MNC Indication”).

Key Points: 
  • On March 4, 2024, the Vista Outdoor Board of Directors (the “Vista Outdoor Board”) rejected an unsolicited indication of interest received on February 19, 2024 from MNC pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista Outdoor share (the “Initial MNC Indication”).
  • The Vista Outdoor Board carefully reviewed and considered the Initial MNC Indication in consultation with its outside legal and financial advisors.
  • Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.
  • Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor.

Legal Services Pricing Platform Demonstrates the Need for Clear Fee Structuring Amid EU Commission and Qualcomm Fee Dispute - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 6, 2024
Software, Technology, Legal, Professional Services, Documentation, European Commission, Legal case management, Cravath, Swaine & Moore, Civil service commission, Database, Private law, Geography, Qualcomm

The recent legal dispute between Qualcomm and the European Commission, which saw the EU Commission contest Qualcomm’s legal fee claim of over €12 million, highlights the critical need for transparency and specificity in legal fee documentation.

Key Points: 
  • The recent legal dispute between Qualcomm and the European Commission, which saw the EU Commission contest Qualcomm’s legal fee claim of over €12 million, highlights the critical need for transparency and specificity in legal fee documentation.
  • This case underscores the necessity of clear, detailed documentation to support fee requests, an area where the Legal Services Pricing Platform excels.
  • As we move forward, the Legal Services Pricing Platform remains dedicated to enhancing the transparency and efficiency of legal fee management.
  • For more information on how the Legal Services Pricing Platform can transform your legal fee negotiations and strategy, visit Legal Services Pricing Platform

Vista Outdoor Rejects Unsolicited Indication of Interest from MNC Capital

Retrieved on: 
Monday, March 4, 2024
Hunting, General Sports, Sports, Specialty, Outdoors, Other Sports, Water Skiing, Retail, Acquisition, Morgan Stanley, Cravath, Swaine & Moore, Committee, Investment, CSG, Letter, Vista Outdoor, Foreign investment, Gibson Dunn, LLP, MNC, CFIUS, Failure, Management

Vista Outdoor Inc. (NYSE: VSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).
  • The Vista Outdoor Board also issued a letter to MNC which is reproduced below.
  • We are confident that this is the best path to unlock value for our stockholders.”
    The full text of the letter to MNC follows:
    I am writing on behalf of Vista Outdoor Inc. (“Vista”) in response to MNC Capital’s (“MNC”) letters dated February 19, 2024 and February 28, 2024, expressing MNC’s interest in pursuing a transaction pursuant to which MNC would acquire Vista in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).
  • Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.

Vista Outdoor Confirms Receipt of Indication of Interest from MNC Capital

Retrieved on: 
Friday, March 1, 2024
Sports, Outdoors, Lifestyle, Specialty, Consumer, Hunting, Other Sports, Golf, Water Skiing, Fishing, Retail, Swimming, Surfing, Sailboarding, Gibson Dunn, Acquisition, CSG, Morgan Stanley, LLP, Cravath, Swaine & Moore, Vista Outdoor, Financial adviser

Vista Outdoor’s Board of Directors remains committed to acting in the best interests of Vista Outdoor stockholders.

Key Points: 
  • Vista Outdoor’s Board of Directors remains committed to acting in the best interests of Vista Outdoor stockholders.
  • Vista Outdoor stockholders do not need to take any action at this time.
  • Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.
  • Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor.

J.D. Power Sets Sights on European Expansion with Completion of Autovista Group Acquisition

Retrieved on: 
Friday, March 1, 2024
Technology, Marketing, Consulting, Communications, Other Consumer, Professional Services, Other Transport, Artificial Intelligence, General Automotive, Transport, Aftermarket, Automotive, Software, Consumer, Data Analytics, Acquisition, EV, J.D. Power, Kirkland & Ellis, Forecasting, AI, RBC Capital Markets, Cravath, Swaine & Moore

Power, a global leader in data analytics, today announced the completion of its acquisition of Autovista Group, a leading pan-European and Australian automotive data, analytics and industry insights provider.

Key Points: 
  • Power, a global leader in data analytics, today announced the completion of its acquisition of Autovista Group, a leading pan-European and Australian automotive data, analytics and industry insights provider.
  • The acquisition, which was announced in September 2023, brings together Autovista Group’s comprehensive datasets, insights and industry expertise with J.D.
  • Autovista Group was previously owned by Hayfin Capital Management, a leading European alternative asset management firm.
  • TD Cowen served as exclusive financial advisor and Macfarlanes, Cravath, Swaine & Moore and Mishcon de Reya served as legal advisors to Autovista Group and Hayfin.

Legal Services Pricing Platform Showcases Value in Transparent Fee Structuring, Highlighted by Elon Musks' $6 Billion Case Fee Request

Retrieved on: 
Friday, March 8, 2024
Musk, Legal case management, Cravath, Swaine & Moore, Global 500, Negotiation, Database, Private law

DUBLIN, March 8, 2024 /PRNewswire/ -- As the legal industry reflects on the implications of the $6bn legal fee request in the Elon Musk pay package case, this Legal Services Pricing Platform underscores its significance in ensuring transparency and fairness in legal service pricing.

Key Points: 
  • DUBLIN, March 8, 2024 /PRNewswire/ -- As the legal industry reflects on the implications of the $6bn legal fee request in the Elon Musk pay package case, this Legal Services Pricing Platform underscores its significance in ensuring transparency and fairness in legal service pricing.
  • The platform's relevance is highlighted in the context of the recent unprecedented legal fee request by attorneys in the Musk compensation case, emphasizing the need for a comprehensive and transparent approach to determining legal fees.
  • As we move forward, the Legal Services Pricing Platform remains dedicated to enhancing the transparency and efficiency of legal fee management.
  • For more information on how the Legal Services Pricing Platform can transform your legal fee negotiations and strategy, visit the Legal Services Pricing Platform .