Casa Cuervo and Diageo have entered into an agreement under which Casa Cuervo will acquire The “Old Bushmills” Distillery Company Limited, including the Bushmills Irish Whiskey brand, and Diageo will acquire full ownership and control of Don Julio Tequila for $408 million, which will be paid to Diageo upon completion. Cravath represented Casa Cuervo in this transaction, which is expected to close in early 2015 subject to certain approvals.

The Cravath team was led by partner Mark I. Greene and included associates Gillian L. Warmflash, Aaron D. Suh and David P. Willard on M&A matters; partners Tatiana Lapushchik and D. Scott Bennett and associates A. Rebecca Hurt and Rachael G. Coffey on finance matters; partner David J. Kappos on intellectual property matters; practice area attorney Nicole F. Foster and associate Matthew J. Bobby on executive compensation and benefits matters; associate Ashley N. Elnicki on tax matters; and senior attorney Annmarie M. Terraciano on environmental matters. Christopher P. Davis also worked on intellectual property matters.