November 3, 2014 -- Publicis Groupe (Euronext Paris: FR0000130577, CAC 40) and Sapient (NASDAQ: SAPE) today announced that they have entered into a definitive agreement under which Publicis Groupe will acquire Sapient in an all-cash transaction for $25.00 per share, or approximately $3.7 billion. Cravath, Swaine & Moore LLP represented Sapient in this transaction, which is expected to close in the first quarter of 2015, subject to the satisfaction of customary closing conditions and regulatory approvals.
The Cravath team was led by partners Faiza J. Saeed and Eric L. Schiele and included associates Amanda R. Fenster and Nicholas M. Foley (M&A); partner Eric W. Hilfers and practice area attorney M. C. Tania Balthazaar (executive compensation and benefits); partner J. Leonard Teti II and associate Jay S. Gill (tax); partner Matthew Morreale (environmental); and partner David J. Kappos and associate Nicholas A. Jackson (intellectual property). Steven Y. Li and Christine H. Liu also worked on M&A matters and Sarah W. Colangelo also worked on executive compensation and benefits matters. Bredin Prat partner Olivier Assant acted as French counsel.