Firm Profile > Cravath, Swaine & Moore LLP > London, England

Cravath, Swaine & Moore LLP
CITYPOINT
ONE ROPEMAKER STREET
LONDON
EC2Y 9HR
England

High yield Tier 1

Cravath, Swaine & Moore LLP has a large practice in London that handles high yield bonds and other financing structures, and it is consistently one of the leading firms acting as underwriter's counsel in the European market. The firm has 'great partners' in practice co-heads Philip Boeckman and George Stephanakis, and key partner Alyssa Caples. The firm's client base is well balanced between representing issuers and underwriters, and it has notable expertise in complex, cross-border high yield bond issuance in multiple currencies. Its role in complex and novel deal structures is exemplified by its role, acting for initial purchasers, in the high yield financing of the novel public-to-private (P2P) takeover of Recordati, which included the issuance of €1.3bn in 144A/Reg. S high yield fixed and floating rate senior secured notes by Luxembourg-based debt vehicle Rossini. Boeckman led that transaction.  Stephanakis, who handles M&A and capital markets work, acted in the $300m and €280m notes offering of CGG. Caples acted for energy company Drax in a $300m offering.

Practice head(s):

Philip Boeckman; George Stephanakis

Other key lawyers:

Alyssa Caples; Margaret Rallings

Key clients

BNP Paribas

Citigroup

Credit Suisse

Deutsche Bank

Drax

Goldman Sachs International

HSBC

Jefferies

JP Morgan Chase

KKR

NatWest Markets

Picard

Premier Foods

Yell

Debt capital markets Tier 3

Cravath, Swaine & Moore LLP acts for corporate issuers, investment banks and financial sponsors in a range of offerings, including investment grade and high yield corporate bonds, and sovereign and supranational debt issuance. Often targeted at US investors, these deals include SEC-registered, Rule 144A and Regulation S offerings, as well as private placements. The practice in London frequently advises first-time issuers of Yankee bonds, as well as handling complex transactions for corporates such as British American Tobacco and Bacardi. The practice, led by Philip Boeckman and George Stephanakis, also acts as underwriter counsel for major investment banks, among which are Barclays, Credit Suisse and Deutsche Bank. Its sovereign and supranational clients include the European Investment Bank and the Republic of Poland.

Practice head(s):

Philip Boeckman; George Stephanakis

Other key lawyers:

Alyssa Caples; Roberto Bruno

Key clients

Bacardi

Barclays

B.A.T Capital Corporation (British American Tobacco)

BNP PARIBAS

Citigroup

Credit Suisse

Deutsche Bank

European Investment Bank

Goldman Sachs International

JP Morgan Chase

Morgan Stanley

Cravath, Swaine & Moore LLP is widely recognised as one of the preeminent law firms in the world. Each of its practices is highly regarded and its lawyers are recognised for their commitment to the representation of their clients’ interests.

The firm: Founded in 1819, Cravath provides US legal advice to companies located around the world. The London office was opened in 1973, but Cravath has been involved in European transactions for nearly 100 years and has had a Paris or London office for most of the past century.

Types of work undertaken: Cravath is committed to an international practice of the highest quality. Its lawyers regularly advise clients based in and outside the US on a wide range of international transactions, including cross-border mergers and acquisitions, international capital markets, bank financings and general corporate and SEC compliance matters. Cravath’s lawyers often work closely with leading law firms in Europe and elsewhere, providing advice on complex transactions that require extensive knowledge of and experience in the laws of multiple jurisdictions. The firm represents clients in litigation in US courts and in arbitrations and investigations conducted throughout the world.

Corporate: Cravath’s work with many of the world’s most significant companies has enabled it to develop a broad-based corporate practice. Clients repeatedly choose Cravath for their largest and most complex matters. The firm’s corporate lawyers represent companies in a diverse range of M&A transactions, including public company mergers, acquisitions, divestitures, spin-offs and joint ventures, as well as hostile takeovers and the defense of companies and boards of directors against activist hedge funds. Cravath also advises private equity firms and their portfolio companies in mergers, acquisitions, dispositions, financings and tax planning and structuring. The firm has a highly regarded capital markets practice, representing issuers and investment banks in domestic and global offerings. Cravath’s banking and credit lawyers regularly represent major financial institutions and borrowers on acquisition financings and lending transactions ranging from simple credit agreements to complex multicurrency, multijurisdictional financings. The firm provides corporate governance advice to clients facing difficult choices and evaluates complex and often unprecedented transactions under the most demanding circumstances. The financial restructuring and reorganization practice addresses a wide range of issues triggered by financial distress or insolvency. Cravath’s highly regarded environmental lawyers work with its clients on matters related to acquisition and disposition strategies, financings and regulatory compliance with respect to a broad range of environmental issues. The firm’s IP lawyers advise clients in many corporate contexts, including acquisitions and divestitures, multiparty joint ventures and strategic investments, licensing agreements and portfolio development and exploitation. Cravath’s tax department designs tax-efficient structures for mergers, spin-offs, joint ventures, private equity deals and internal restructurings. The firm’s executive compensation and benefits department advises companies, boards of directors, compensation committees and members of senior management in a variety of compensation and benefit arrangements, as well as legal compliance concerns. Cravath’s trusts and estates lawyers work closely with US and non‑US private clients to realize their business, estate planning and philanthropic goals by advising them on the creation and administration of trusts, estates and charitable foundations.

Litigation: Clients turn to Cravath to handle their most significant and sensitive disputes and investigations across a broad range of practice areas and industries. The firm’s litigators are routinely called upon to represent clients in trials and appeals in federal and state courts, in domestic and international arbitrations, before administrative agencies and regulatory authorities, and in many other types of proceedings, including internal and government investigations and enforcement actions. The firm has extensive experience in such diverse areas of the law as antitrust, bankruptcy, corporate governance, employment, general commercial, IP, M&A, securities, tax and white collar criminal defense. Companies, boards and board committees regularly rely on the firm to handle contested transactions and guide them through the intricacies of shareholder litigation and investigations, as well as complying with applicable laws and regulations. In addition to handling antitrust litigation, the firm advises on business conduct or potential investments and represents clients in securing regulatory approvals. With respect to IP, the firm handles critical litigation involving trade secrets, patents, copyright and trademarks and frequently advises clients on national and worldwide IP strategy. In the area of securities litigation, the firm is widely recognized for handling complex and often precedent-setting cases.

Clients: Along with governments and multinational institutions, the firm’s client base includes some of the world’s best known companies and financial institutions, including: AerCap, American Express, Amgen, AngloGold Ashanti, Anheuser-Busch InBev, Ashland, Avon, AXA, Bacardi, BAE Systems, Banco Santander, Bayer Schering Pharma, British American Tobacco, Casa Cuervo, Citigroup, Compagnie de Saint-Gobain, Costamare, Credit Suisse, Dassault Systèmes, Delhaize, Deloitte & Touche, Deutsche Bank, Deutsche Börse, Disney, Drax, Dufry, European Investment Bank, Ferroglobe, GasLog, Genpact, Goldman Sachs, Grupo Villar Mir, HDFC Bank, hibu, Honeywell, IBM, INEOS, Johnson & Johnson, Jose Cuervo, JPMorgan Chase, KION, Kloeckner & Co, Linde, Lindsay Goldberg, Morgan Stanley, Mylan, Naspers, NCR, Nestlé, NH Hotel Group, Novartis, Peugeot, Picard, Premier Foods, PricewaterhouseCoopers, QUALCOMM, Qualis, RELX, Rogers Communications, Royal Dutch Shell, Royal KPN, RWE, Sappi, Schneider Electric, Starbucks, Technicolor, Telia, UBS, Unilever and Vivendi.

Other offices: New York

Department Name Email Telephone
Presiding Partner Faiza J Saeed
Managing Partner of London Office Philip J Boeckman
Photo Name Position Profile
Mr Philip Boeckman  photo Mr Philip Boeckman
Ms Alyssa Caples  photo Ms Alyssa Caples
Mr George Stephanakis  photo Mr George Stephanakis
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