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Cravath, Swaine & Moore LLP

WORLDWIDE PLAZA, 825 EIGHTH AVENUE, 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 2018; Chambers Global: The World’s Leading Lawyers for Business from 2011 through 2018; The Legal 500 United States from 2009 through 2017; The Legal 500 Latin America from 2012 through 2014, 2016 and 2017; IFLR1000 from 2011 through 2018; 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

The ‘Rolls-Royce practice’ at Cravath, Swaine & Moore LLP is widely regarded as ‘a stand-out performer in the securities space’. The New York-centered team, which wins an enviable share of the market’s most high-profile transactions, is equally adept on the issuer and underwriter side and counts major multinationals and bulge bracket banks among its most active clients. North America department lead Andrew Pitts is ‘extremely strong’ and led several big-ticket transactions over the past year, including acting for the underwriters (led by Morgan Stanley, Barclays, BNP Paribas, HSBC, Bank of America Merrill Lynch, Citigroup and Mizuho Securities) on a €2.7bn offering of fixed- and floating-rate notes by Allergan Funding. In another headline underwriter-side mandate, corporate heavyweight Craig Arcella advised the underwriters on two notes offerings by Johnson & Johnson totaling $9bn. Among its issuer highlights, Stephen Burns and William Whelan assisted International Business Machines with its $2.7bn notes offering, while Johnny Skumpija, whose ‘star continues to rise’, advised Northrop Grumman on its $8.2bn notes offering. William Fogg is also a key contact.

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Capital markets: global offerings

Within: Capital markets: global offerings

Cravath, Swaine & Moore LLP handled a high volume of equity, investment grade debt and high-yield debt transactions for global clients through 2017 and notably its issuer-side practice set the pace for the department - historically it has been stronger on the manager side. Company-side mandates included Scott Bennett advising Jose Cuervo’s parent company, Becle, on its MXN$12.8bn international offering of shares in the US and its concurrent MXN$5.8bn IPO on the Mexican Stock Exchange. On the debt side, Craig Arcella assisted AerCap Ireland Capital and AerCap Global Aviation Trust with two senior notes offerings totaling $1.6bn. On the manager side, Andrew Pitts, who heads the New York-centered group, acted for the underwriters on Allergan Funding’s €2.7bn fixed- and floating-rate notes offering on the NYSE. In a high-yield debt highlight, William Fogg advised the initial purchasers (led by Citigroup and Barclays) on a $500m senior notes offering by Canada’s GW Honos Security Corporation.

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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

Key attributes of Cravath, Swaine & Moore LLP’s New York-based group include its ‘strong business mindset’, ‘strategic approach’ and ‘great responsive times’. The well-balanced practice, which is equally adept at advising issuers and underwriters, is routinely engaged by major multinationals and global investment banks for sophisticated transactions. Its underwriter-side work is particularly high-profile, with North America capital markets head Andrew Pitts recently advising the underwriters on MPLX LP’s $2.2bn high-yield notes offering and Stephen Burns and ‘the very talentedJohnny Skumpija acting for the initial purchasers in a $1bn high-yield notes offering by Chesapeake Energy. Among its issuer highlights, William Fogg assisted CyrusOne and CyrusOne Finance with two notes offerings totaling $1.2bn and Joseph Zavaglia advised Olin Corporation on its $500m notes offering. Craig Arcella and William Whelan are also specialists in the space.

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