Akerman Senterfitt announced it has represented Carrols Restaurant Group Inc., the largest Burger King franchisee, in an underwritten public offering of 4,085,109 shares of its common stock held by funds managed by Jefferies Capital Partners, a private equity firm, in which Raymond James & Associates Inc. acted as the underwriter.

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On December 11, 2012, Delta Air Lines and Virgin Atlantic Airways Ltd. reached an agreement for a new joint venture that will create an expanded trans-Atlantic network and enhance competition between the U.K. and North America, offering greater benefits for customers traveling on those routes. Cravath represented Delta in connection with this transaction.

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Simpson Thacher represented Siris Capital Group in connection with forming and raising its $640.9 million private equity fund. Siris is a newly-established private equity firm founded by Frank Baker, Peter Berger and Jeffrey Hendren. Siris, based in New York, will focus principally on North American, middle-market, investment opportunities initially in technology, telecommunications and technology-enabled business services.

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The Firm is serving as U.S. antitrust counsel to Virgin Atlantic in connection with a proposed joint venture with Delta Air Lines to combine Virgin and Delta’s transatlantic networks between the United Kingdom and North America. As part of the joint venture agreement, Delta will also invest $360 million in Virgin Atlantic, acquiring a 49% stake in the airline. The parties announced the transaction on December 11, 2012. The transaction is subject to customary regulatory approvals.

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Simpson Thacher is representing an investor group led by Siris Capital Group, LLC in connection with its acquisition of TNS, Inc. (NYSE: TNS) for $21.00 per share in an all-cash deal valued at approximately $862 million including the refinancing of debt. The merger is expected to close during the first quarter of 2013 following a 30-day go-shop period, pending shareholder approval, regulatory approvals and customary closing conditions.

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Simpson Thacher represented MDC Partners Inc. (“MDC”) in connection with a Rule 144A/Regulation S offering of $80 million aggregate principal amount of its 11% Senior Notes due 2016, fully and unconditionally guaranteed by all of its wholly owned subsidiaries. The initial purchasers were led by J.P. Morgan Securities LLC. The notes were issued as additional notes under an existing indenture, pursuant to which MDC issued $225 million, $65 million and $55 million aggregate principal amount of 11% Senior Notes due 2016 in October 2009, May 2010 and April 2011, respectively. The notes offering closed on December 10, 2012.

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