Craig Garvey
Overview
Craig Garvey is a partner in the Chicago office of Kirkland & Ellis LLP. He has extensive transactional experience and concentrates his practice on representing both public and private companies, including portfolio companies of private equity funds, in a wide variety of capital markets transactions involving the sale of securities. He has significant experience in the following types of transactions: initial public offerings; secondary offerings; high yield and investment grade debt offerings; transactions involving special purpose acquisition companies; restructurings; and tender and exchange offers.
In addition, Craig regularly advises publicly traded corporations and their executive officers and directors on corporate governance, SEC compliance and disclosure matters, investor relations considerations, corporate communications matters and executive compensation.
Experience
Representative Matters
Equity Offerings
- Represented Vista Equity Partners and Integral Ad Science Holding Corp. (NASDAQ: IAS), a leading digital advertising verification company, in connection with a secondary offering by Vista Equity Partners.
- Represented Ryan Specialty (NYSE: RYAN), a service provider of specialty products and solutions for insurance brokers, agents, and carriers, in connection with a secondary offering by Onex and another selling stockholder.
- Represented Ryan Specialty Group, a provider of specialty products for insurance brokers, agents and carriers founded by former Aon chairman and CEO Patrick G. Ryan, in its $1.6 billion Up-C IPO. RSG’s Class A common stock trades on the NYSE under the symbol “RYAN.”
- Represented InnovAge Holding Corp., Apax Partners and Welsh, Carson, Anderson & Stowe in connection with InnovAge's US$400 million initial public offering (NASDAQ).
- Represented GTCR and Cision Ltd. in connection with multiple secondary offerings of Cision Ltd.'s ordinary shares (NYSE).
- Represented TerraForm Global in connection with its $675 million initial public offering (NASDAQ).
- Represented Madison Dearborn Partners and VWR Corporation in connection with VWR Corporation's US$536 million initial public offering (NASDAQ).
- Represented Vestar Capital Partners and Civitas Solutions in connection with Civitas Solutions' US$200 million initial public offering (NYSE).
- Represented Bain Capital and Georgia-Pacific in connection with multiple secondary offerings of Veritiv Corporation's common stock (NYSE).
- Represented Keefe Bruyette & Woods in connection with the US$67 million registered offering of common stock of QCR Holdings (NASDAQ).
- Represented Keefe Bruyette & Woods in connection with the US$70 million registered offering of common stock of Chemical Financial (NASDAQ).
- Represented Keefe Bruyette & Woods in connection with the US$59 million registered offering of common stock of Old Second Bancorp (NASDAQ).
- Represented Sagent Pharmaceuticals in connection with its US$112 million registered offering of common stock.
- Represented J.P. Morgan in connection with the US$1.2 billion 144A/Reg S secondary offering of common shares of E.CL S.A., a subsidiary of GDF Svez and a Chilean corporation. The shares are traded on the Santiago Stock Exchange.
- Advised Bristol-Myers Squibb in the US$720 million equity carve-out initial public offering of common stock of Mead Johnson (NYSE).
- Represented Roundy's in connection with its $US163 million initial public offering (NYSE).
- Represented Credit Suisse Securities (USA) LLC and J.P. Morgan in connection with the US$765 million secondary offering of common stock held of EnergySolutions.
- Represented Goldman, Sachs and Co. in connection with the US$44 million secondary offering of 3,000,0000 shares of common stock of TriMas Corporation.
- Advised several companies, private equity funds and Credit Suisse, Citi and Goldman Sachs in connection with several proposed initial public offerings in numerous industries, including tech, oil and gas, telecommunication and consumer goods.
- Represented Credit Suisse in connection with a proposed offering of convertible notes by an alternative energy company.
Debt Offerings
- Represented Ryan Specialty in connection with its US$400 million senior secured notes offerings.
- Represented large auto and industrial parts distributor in a $500 million registered notes offering.
- Represented Navistar with its $1.1 billion 144A senior notes offering in connection with its balance sheet restructuring.
- Represented Six Flags Entertainment in connection with its US$300 million, US$800 million and $1.2 billion 144A/Reg S senior notes offerings.
- Represented Solera in connection with its $275.0 million 144A senior notes offering.
- Represented Navistar International in connection with its $200 million offering of registered senior notes.
- Represented VWR Corporation in connection with the €503.8 million 144A/Reg S senior notes euro bond offering of VWR Funding, Inc., its wholly-owned subsidiary.
- Represented The Boeing Corporation in connection with several registered notes offerings.
- Represented Bain Capital and Guitar Center in connection with the 144A/Reg S senior notes offering of Guitar Center.
- Represented Radio One in connection with its US$335 million 144A/Reg S senior subordinated notes offering.
- Represented Solera in connection with the US$850 million 144A/Reg S senior secured notes offering of Audatex North America, its wholly-owned subsidiary.
- Represented Clear Channel Communications in connection with its $575 million 144A/Reg S priority guarantee notes offering.
- Represented Smurfit Kappa Group in connection with its €400 million 144A/ eg S senior secured notes offering.
- Represented Madison Dearborn Partners and VWR in connection with the US$750 million 144A/Reg S senior notes offering of VWR Funding, Inc.
- Represented Horsehead Corporation in connection with its US$175 million 144A/Reg S senior secured notes offering.
- Represented Onex Corporation and Sitel Worldwide in connection with the US$200 million 144A/Reg S senior secured notes offering of Sitel.
- Represented J.P. Morgan and Deutsche Bank in connection with the US$400 million 144A/Reg S notes offering of E.CL S.A., a subsidiary of GDF Svez. The notes are listed on the Luxembourg Exchange.
- Represented the initial purchasers, led by Citigroup, in connection with the US$330 million 144A/Reg S senior secured notes offering of Revlon.
- Represented UBS and Credit Suisse in connection with the US$50 million 144A/Reg S senior subordinated notes offering of TransDigm Inc.
- Represented Credit Suisse in connection with the US$290 million private placement and 144A/Reg S senior second-lien notes offering of Rotech Healthcare Inc.
- Represented Credit Suisse in connection with the US$230 million 144A/Reg S senior secured notes offering of Rotech Healthcare Inc.
- Represented the initial purchasers led by Credit Suisse in connection with the US$250 million 144A/Reg S first priority senior secured notes offering of Credit Acceptance Corporation.
- Represented the initial purchasers led by Credit Suisse in connection with the US$100 million 144A/Reg S first priority senior secured notes offering of Credit Acceptance Corporation.
- Represented Credit Suisse in connection with the US$750 million 144A/Reg S senior secured notes offering of Shea Homes Limited Partnership.
Acquisition Finance
- Represented Madison Industries in connection with the Rule 144A offering of senior notes and senior secured notes by Madison IAQ in connection with its acquisition of Nortek Air.
- Represented Solera with its US$1.73 billion bond financing in connection with its sale to Vista Equity Partners.
- Represented the Macquarie Group in connection with the US$1.05 billion senior no es offering of Cleco Power, the proceeds of which were used to fund its US$4.7 billion acquisition of Cleco Power.
- Represented Bain Capital and Air Medical Group in connection with the acquisition of Reach Medical.
- Represented Sun Capital Partners in connection with the €200 million and US$385 million 144A/Reg S senior secured notes offering of Albéa Beauty Holdings S.A., the proceeds of which were used to fund the acquisition of Rexam Personal Care.
- Represented Olympus Partners in connection with the US$190 million 144A/Reg S senior notes offering of NPC International, the proceeds of which were used to fund the US$755 million acquisition of NPC International.
- Represented UBS and Credit Suisse in connection with the US$1.55 billion 144A/Reg S senior subordinated notes offering of TransDigm Inc., the proceeds of which were used to fund the acquisition of McKechnie Aerospace for US$1.2 billion.
Other Corporate Matters
- Represented Carvana Co. (“Carvana”), the leading e-commerce platform for buying and selling used cars, in various capital markets transactions, including a consensual liability management transaction formally supported by approximately 90% of Carvana’s existing noteholders. Through the contemplated transactions, including an exchange offer, extension of maturities, at-the-market equity raise, and equity investment from Carvana’s founders, Carvana expects to deleverage its balance sheet by $1.2 billion and reduce its interest expenses by $430 million a year for the next two years.
- Represented GTCR in its $2.4 billion "take public" sale of Cision to a SPAC, and assisted with Cision's subsequent listing on the NYSE.
- Represented FTV Capital in its "take public" sale of CardConnect, a fintech company, to a SPAC, and assisted with CardConnect's subsequent listing on NASDAQ.
- Represented Oaktree Capital Management, L.P. in its $85 million PIPE investment in SunOpta Inc.
- Represented YRC Worldwide in connection with its $250 million offering of common and preferred stock and balance sheet restructuring.
- Represented Platinum Energy Solutions in connection with its private notes exchange offer and balance sheet restructuring.
- Represented The Gymboree Corporation with its prearranged Chapter 11 cases that restructured over $1.1 billion of indebtedness.
- Representing Toys "R" Us in its Chapter 11 cases relating to the restructuring of its prepetition indebtedness in excess of $5.2 billion and its entry into debtor in possession facilitie totaling $3.125 billion.
- Represented White Mountains Insurance in connection with a tender offer for up to US$127.5 million of its common stock.
- Represented OneBeacon Insurance in connection with a self-tender offer for up to US$200 million of its senior notes.
- Advised Walgreens Boots Alliance, InnovAge, Genuine Auto Parts, Boeing, Six Flags, Cision, VWR Corporation, Roundy's, The Fresh Market and Benchmark Electronics with respect to disclosure obligations and other corporate advisory related issues.
* Certain matters relate to other work experience.
Prior Experience
Lead Securities Counsel, Fortune 20 Company
Corporate Associate, Cravath, Swaine & Moore LLP
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Credentials
Admissions & Qualifications
- 2012Illinois
- 2010New York
Education
- Syracuse University College of LawJ.D.magna cum laude
Order Of the Coif
Executive Editor, Syracuse Law Review
- Lawrence University