Cravath represented the underwriters, led by J.P. Morgan Securities and Citigroup, in connection with the US$270 million initial public offering of Surgical Care Affiliates, Inc., a leading national provider of solutions to physicians, health systems and payors to optimize surgical care. Surgical Care Affiliates is a portfolio company of private equity sponsor TPG Capital, L.P. The shares were listed on the NASDAQ Stock Market.

The Cravath team included partner William V. Fogg, senior attorney Daniel A. O’Shea and associates R. Kirkie Maswoswe, Andrew B. Langworthy and Jean M. Suh on corporate matters; partner Stephen L. Gordon on tax matters; associate Nicole F. Foster on executive compensation and benefits matters; and partner Matthew Morreale on environmental matters.