The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Cravath, Swaine & Moore LLP

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9HR, ENGLAND
Tel:
Work 020 7453 1000
Fax:
Fax 020 7860 1150
Email:
Web:
www.cravath.com
London, NEW YORK

London: Corporate and commercial

Equity capital markets
Equity capital markets - ranked: tier 4

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP's team is led jointly by New York-qualified partners¬†Philip Boeckman¬†and¬†George Stephanakis. Underwriters and issuers instruct the firm on cross-border mandates in a range of sectors. New York-qualified corporate expert¬†David Mercado¬†acted for Becle on its MXN11bn share offering in the US as well as on its IPO on the Mexican Stock Exchange; he also assisted the managers, led by Credit Suisse, on Credit Suisse Group's CHF2.4bn share offering on the SIX Swiss Exchange. The electricity sector is an industry strength: Stephanakis advised Electricit√© de France on its ‚ā¨4.02bn share offering on Euronext Paris.

[back to top]

M&A: upper mid-market and premium deals, £250m+
M&A: upper mid-market and premium deals, £250m+ - ranked: tier 7

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP¬†is a ‚Äėmarket leader for US law on any M&A activity and particularly larger deals‚Äô.¬†¬†Philip Boeckman¬†heads the team and regularly represents several of the firm‚Äôs biggest clients in Europe, including Bacardi, the European Investment Bank and TNT. Boeckman notably represented Punch Taverns in connection with its sale to Vine Acquisitions and the associated disposal of approximately 1,900 Punch Tavern pubs to Heineken, with an implied enterprise value of approximately ¬£1.8bn. Other highlights included¬†Alyssa Caples¬†acting for British American Tobacco in its $97bn merger with Reynolds American and¬†David Mercado¬†representing Banco Santander in connection with its acquisition of approximately $1.4bn worth of retail banking businesses of Citigroup in Argentina. Mercado and¬†George Stephanakis¬†are recommended for their ‚Äėhands on and highly intelligent but pragmatic approach to a deal‚Äô.

[back to top]

London: Finance

Debt capital markets
Debt capital markets - ranked: tier 3

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP handles bonds issued under New York law that are distributed to both US and European investors. The firm is 'committed to service,  has a short response times and the advice provided is solid', remarks one client. Among the firm's issuer clients for SEC-registered and Rule 144a securities offerings are blue-chip corporates such as Sappi, Unilever and British American Tobacco. It also represents numerous sovereign entities. As underwriter's counsel it has worked for major investment banks such as Citigroup, Credit Suisse and JPMorgan. Among its key deals from 2017 were six debt offerings for European Investment Bank with a combined value of $17.5bn. Co-head of the EMEA capital markets practice Philip Boeckman is the key partner and led those deals. Fellow practice co-head George Stephanakis is also recommended. Corporate partner Alyssa Caples plays a prominent role in the practice and she acted for British American Tobacco on a $17.25bn 144a/Reg S offering of fixed and floating rate notes. David Mercado's highlights included a $900m offering by plantation owner Celulosa Arauco y Constitución, in which he represented initial purchasers. He also acted for Credit Suisse on a $500m offering by Inversiones CMPC.

[back to top]

High yield
High yield - ranked: tier 1

Cravath, Swaine & Moore LLP

Cravath, Swaine & Moore LLP¬†is 'an excellent high yield firm for complex and high-value transactions'. The firm has on one of the longest track records of any US firm in Europe, having worked on¬†several of the initial high yield bond financings done in the mid- to late 1990s. Philip Boeckman¬†(who¬†is 'knowledgeable and a steady hand') and¬†George Stephanakis¬†jointly head the EMEA capital markets practice and are highly recommended. Boeckman acted for silicon metal and alloy producer Ferroglobe in its $350m Rule 144a/Regulation S senior notes offering, and advised NH Hotel Group on its ‚ā¨115m issuance and a ‚ā¨122m debt tender offer by Deutsche Bank. Highlights for Stephanakis included acting for BNP Paribas and other initial purchasers on a ‚ā¨625m offering by¬†La Financi√®re ATALIAN.¬†A key partner in the practice is¬†Alyssa Caples¬†, whom clients describe as 'technically very able; she goes the extra mile to gain a detailed understanding of her clients' business'. Her highlights from 2017 included handling a ¬£550m offering for first-time issuer Drax Finco, which is part of a¬†vertically-integrated electricity generation and supply business with operations in the UK and the US. Her work for deal managers included advisingJPMorgan and other initial purchasers on a ‚ā¨425m offering by optical retailer Alain Afflelou.¬†David Mercado, who counts Premier Foods among his clients, is also recommended.

Leading individuals

Alyssa Caples - Cravath, Swaine & Moore LLP

George Stephanakis - Cravath, Swaine & Moore LLP

Philip Boeckman - Cravath, Swaine & Moore LLP

[back to top]


Further information on Cravath, Swaine & Moore LLP

Please choose from this list to view details of what we say about Cravath, Swaine & Moore LLP in other jurisdictions.

Latin America: International firms

London

Offices in London

United States

Offices in NEW YORK

Legal Developments in the UK

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Gulbenkian Andonain discuss NEW Tier 1 Start-Up Visa and the NEW Tier 1 Innovator Visa

    The document entitled "Statement of Changes to Immigration Rules" which was released by the House of Commons on the 7th March 2019, outlined and advised us on a number of changes that will come into place that will affect the Tier 1 Investor Visa amongst other visa programmes and schemes. The latest article on our website discusses both of these new UK business visa routes. Our immigration lawyers London are already up to date on all of the required information for both the NEW Tier 1 Start-Up Visa and the NEW Tier 1 Innovator Visa .
  • Upcoming Changes to the UK Tier 1 Investor Visa

    According to the new document from the House of Commons on March 7th 2019 titled ‚ÄúStatement of Changes to Immigration Rules‚ÄĚ, a number of changes will come into place that affecting the Tier 1 UK Investor Visa programme amongst other visa programmes and schemes. Read about them in our latest¬† article .¬†
  • Brexit and non-EU Immigration

    There is no doubt that the UK has to date benefited immensely from visa-free EU immigration to the extent that visa conditions and caps on non-EU migrant have undermined and overshadowed the ability of this group to play a prominent role in British industry and commerce and in its expanding and overburdened NHS service. It is the view of  Gulbenkian Andonian  however, that after  Brexit, there should be a noticeable change in those skilled non-EU migrants contributing to British society in a meaningful way. 
  • Gulbenkian Andonian Solicitors discuss Post Brexit scenarios - EU Nationals and Salient Immigration

    From 1 January 2021 everyone except for British and Irish citizens will be subject to immigration control in the UK.   Gulbenkian Andonian solicitors has already published an article on this topic of post- Brexit immigration and has discussed the case of EU nationals and family members after Brexit, you can find that article here as one of many in our blog .
  • DEFERRED PROSECUTION AGREEMENTS: THE BEST OPTION? OR A FLAWED IDEA?

    Tescoadmitted wrongdoing over its accounting scandal in order to obtain a deferredprosecution agreement and avoid a conviction. But with everyone charged overthe scandal having been cleared, Aziz Rahman examines whether the deferredprosecution agreement process needs revising.
  • DEFERRED PROSECUTION AGREEMENTS: OBTAINING ONE AND SEEING IT THROUGH TO COMPLETION

    With Standard Bank having become the first organisation to conclude a DPA, Aziz Rahman explains why gaining one is only the start of the challenge.
  • DISMISSAL AT NISSAN AND WORKPLACE CRIME PREVENTION

    The sacking of Nissan’s high-profile chairman may have beenproof that nobody is infallible. But Nicola Sharp argues that it should also beseen as an indicator that no company can be considered safe from wrongdoing.
  • Applying for A Sole Representative Visa

    Regardless of the Brexit outcome, the United Kingdom will remain one of the world most powerful economies. With a market of 65 million people and close ties with Europe, many overseas-based organisations look to establishing a subsidiary or branch office in Britain.
  • BRIBERY ALLEGATIONS IN MORE THAN ONE JURISDICTION: THE IMPORTANCE OF ENSURING A JOINED-UP DEFENCE AP

    Aziz Rahman considers the Ericsson bribery investigation and outlines how best to respond if you are investigated by more than one law enforcement agency
  • Have Changes to The Spouse/Civil Partnership Minimum Income Threshold Made A Difference?

    The plight of those denied a UK Spouse/CivilPartnership Visa or a Spouse/Civil Partnership Visa extension continues to feature in the headlines.   In August 2018, the Guardian reported on one young woman, driven to attempt suicide after her fiancé, an Albanian national, was not permitted to enter the country.   The Home Office ruled Paige Smith, a British Citizen, did not meet the £18,600 income threshold.   It later transpired the Home Office lost a crucial payslip proving that Ms Smith met the criteria, a document the department had been sent four times by a Solicitor and Ms Smith’s MP.   The appeal Judge took ten minutes to rule the Visa should have been approved; however, the couple still had to wait two months for the Home Office to declare it would not appeal the decision.