Davis Polk acted as special counsel to RBC Capital Markets, LLC, Morgan Stanley & Co. LLC and RBS Securities Inc. as joint book-running managers on an SEC-registered offering by Royal Bank of Canada of $2.5 billion aggregate principal amount of 1.2% covered bonds due 2017.

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International law firm Freshfields Bruckhaus Deringer announces that Michael Lacovara, has joined the firm as a partner in its US litigation practice. Michael’s arrival further strengthens Freshfields’ already formidable roster of lawyers focusing on complex civil litigation in the US.

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On September 24, Willkie client Mueller Industries, Inc. announced that it has repurchased 10,422,859 shares of Mueller common stock owned by Leucadia National Corporation at a negotiated price per share of $41.00, for an aggregate purchase price of over $427 million.

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The Firm represented Lightyear Capital LLC (“Lightyear”) in connection with the establishment of its third private equity fund, Lightyear Fund III, L.P. (“Fund III”), with $950 million in capital commitments, surpassing its target of $800 million. Fund III will focus primarily on control investments in North America-based, middle-market companies across the financial services spectrum, including asset management, banking, brokerage, financial technology, insurance, and specialty finance.

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The Firm recently represented Barclays Capital Inc. and Goldman, Sachs & Co. as underwriters, in connection with a public offering by Infinity Property and Casualty Corporation (“Infinity”) of $275 million aggregate principal amount of its 5.000% Senior Notes due 2022. The offering closed on September 17, 2012.

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The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”) and Ensemble Parent LLC (an affiliate of The Blackstone Group) in the sale by Ensemble Parent LLC of 8,000,000 shares of TeamHealth common stock, resulting in gross proceeds of $223,360,000. After giving effect to the offering, Ensemble Parent LLC owns approximately 27.4% of TeamHealth’s common stock. BofA Merrill Lynch acted as underwriter for the offering.

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Shearman & Sterling represented Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. as joint lead arrangers and joint book managers in connection with a $10 billion 364-day credit facility for Johnson & Johnson.

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Allen & Overy announced today that Kent Rowey and Dolly Mirchandani will be joining its New York office as partners in its market leading Global Energy & Infrastructure practice.

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The Firm recently represented the underwriters, led by Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and RBS Securities Inc., in connection with the asset backed notes offering by Mercedes-Benz Auto Receivables Trust 2012-1, the issuing entity, of $450,000,000 principal amount of 0.23000% Class A-1 Asset Backed Notes, $500,000,000 principal amount of 0.37% Class A-2 Asset Backed Notes, $450,000,000 principal amount of 0.47% Class A-3 Asset Backed Notes and $146,500,000 principal amount of 0.61% Class A-4 Asset Backed Notes.

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The Firm is representing Blackstone Capital Partners VI, L.P. in connection with its acquisition of Vivint Inc., Vivint Solar, Inc. and 2GIG Technologies, Inc. from their existing shareholders, including Goldman Sachs, Peterson Partners, Jupiter Partners and other minority shareholders for in excess of $2 billion. It is expected that the transaction will close before year end.

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