Two leading Am Law 100 firms are advising on Atlanta-based Teavana’s $620 million all-cash sale to Starbucks, the biggest deal to date for the world’s largest coffee retailer.
Seattle-based Starbucks announced Nov. 14 that it had reached to a deal to acquire Teavana, a specialty tea retailer founded in 1997. Starbucks turned to a team from Cravath, Swaine & Moore led by M&A partners Faiza Saeed and Eric Schiele, tax partner Lauren Angelilli, executive compensation partner Eric Hilfers, real estate partner Kevin Grehan, and environmental partner Matthew Morreale. The firm has handled other corporate work for Starbucks.
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