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Cravath, Swaine & Moore LLP

WORLDWIDE PLAZA, 825 EIGHTH AVENUE, NEW YORK, NY 10019-7475, USA
Tel:
Work +1 212 474 1000
Fax:
Fax +1 212 474 3700
Email:
Web:
www.cravath.com
London, New York

Craig Arcella

Tel:
Work +1 (212) 474-1024
Email:
Cravath, Swaine & Moore LLP

Work Department

Corporate.

Position

Craig F. Arcella is a partner in Cravath’s Corporate Department. He represents financial institutions and corporate clients in a wide variety of matters, including initial public offerings and other equity offerings; investment grade, high‑yield and convertible debt offerings; leveraged acquisition finance; mergers and acquisitions; and syndicated loan transactions. Mr. Arcella regularly advises public company clients with respect to governance, public disclosure and other corporate matters.

Career

Mr. Arcella joined Cravath in 1998 and became a partner in 2007. He worked in Cravath’s Hong Kong Office in 1999 and the Firm’s London Office from 2001 to 2003, and is currently based in the Firm’s New York Office.

Mr. Arcella has been cited as a leading practitioner in securities, corporate and mergers and acquisitions law by, among others, Chambers USA: America’s Leading Lawyers for Business from 2012 through 2016; Chambers Global: The World’s Leading Lawyers for Business from 2011 through 2017; The Legal 500 United States from 2009 through 2016; The Legal 500 Latin America from 2012 through 2014 and in 2016; IFLR1000 from 2011 through 2017; and Latin Lawyer 250: Latin America’s Leading Business Law Firms from 2010 through 2016. He was also recognized by The Legal 500 United States for his transactional work in the telecoms and broadcast industry from 2010 through 2016. In 2017, Mr. Arcella was named to The Legal 500 Hall of Fame in the Capital Markets: Debt Offerings and Capital Markets: High‑Yield Debt Offerings categories.

Education

Mr. Arcella received a B.A. from Duke University in 1995 and a J.D. from Columbia University in 1998 where he was a Harlan Fiske Stone Scholar and a member of the Law Review.


Latin America: International firms

Corporate and M&A

Within: Corporate and M&A

A ‘wonderful firm with a stellar reputation’, Cravath, Swaine & Moore LLP is ‘“go-to” for bet-the-company and big ticket M&A’; considered a true market leader in cross-border M&A, it has considerable experience advising on major transactions involving Latin America. Recent mandates saw the team advise Anheuser-Busch InBev (AB InBev) on its asset swap with Ambev (involving AB InBev transferring SABMiller’s Panamanian business to Ambev, and Ambev transferring its businesses in Colombia, Peru and Ecuador to AB InBev); this is linked to the headline $123bn merger of AB InBev and SABMiller in 2016 in which the firm also advised AB InBev. The team also advised Banco Santander Rio on its acquisition of the on-shore consumer credit card, consumer brokerage and retail banking businesses of Citigroup in Argentina; and assisted Grupo México’s transportation business unit, GMéxico Transportes, with its acquisition of Florida East Coast Railway Holdings. London partner David Mercado is a true Latin America specialist and has decades of experience in the region; while in New York, senior M&A partners including Richard Hall, Craig Arcella, Robert Townsend and Scott Bennett all have significant experience of Latin America transactions, as does Joel Herold in London.

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United States: Finance

Capital markets: debt offerings

Within: Leading lawyers

Craig Arcella - Cravath, Swaine & Moore LLP

Within: Capital markets: debt offerings

At the top of the market for securities offerings’, Cravath, Swaine & Moore LLP is widely lauded for its ‘deep and well-qualified bench, from associate to senior partner level’. The New York-based practice continues to garner big-ticket mandates from both issuers and underwriters, and its diverse experience ensures it is regularly called upon by clients across all industry sectors. Craig Arcella is ‘undoubtedly a market leader’ and has been at the helm of a raft of headline deals recently, including advising the underwriters in Shire Acquisitions Investments Ireland’s $12.1bn senior debt offering, which was used to help fund Shire’s acquisition of Baxalta. William Whelan, another high-profile name, assisted the underwriters with two senior debt offerings by Express Scripts Holding worth a combined $6bn. Andrew Pitts also advised on several trophy deals, including acting for Royal Dutch Shell in two registered debt offerings totaling $12bn. Stephen Burns, William Fogg and up-and-coming partner Johnny Skumpija are also recommended. Kris Heinzelman retired in 2016.

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Capital markets: high-yield debt offerings

Within: Leading lawyers

Craig Arcella - Cravath, Swaine & Moore LLP

Within: Capital markets: high-yield debt offerings

Among the best in the market’, the lawyers at Cravath, Swaine & Moore LLPwork seamlessly as part of the in-house team’ and have ‘very strong commercial acumen’. The firm’s eminent reputation is evidenced by a deal list that is well weighted in terms of volume between major issuer and manager-side mandates, however, the group’s work for underwriters remains particularly high profile. Among the firm’s recent work highlights, William Fogg and Johnny Skumpija advised the underwriters on two high-yield senior debt offerings by United Rentals totaling $1.5bn, while William Whelan and Craig Arcella assisted the initial purchasers with a series of offerings by Axalta Coating Systems, including a $500m offering and a €335m offering. Joseph Zavaglia also had a strong year, which included advising the initial purchasers on two high-yield debt offerings by Reynolds Group Issuer worth a combined $3.1bn.

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