Simpson Thacher advised KKR & Co. L.P. in the formation of a Partnership with Stone Point Capital (“Stone Point”), through its Trident V private equity fund, to establish a new company, KKR – SPC Merchant Advisors LLC (“Merchant Advisors”). The newly formed company will provide principal and agency-based capital markets services to mid-market and sponsor-backed companies as well as make certain principal investments to support client needs. This new business will be distinct and separate from KKR’s existing capital markets business (“KKR Capital Markets” and, together with its affiliates, “KKR”), which primarily serves KKR’s private equity portfolio companies. Trident V and KKR will each commit $150 million of equity, or $300 million in total, to Merchant Advisors to support its capital markets activities and client base. Merchant Advisors will be overseen by a board of directors consisting of equal representation from KKR and Stone Point.

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Cahill represented Deutsche Bank Securities as sole book-running manager in connection with the Rule 144A/Reg S offering of $1,000,000,000 aggregate principal amount of 5.875% senior notes due 2022 by DISH DBS Corporation. Proceeds from the offering were to be used for general corporate purposes.

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Davis Polk advised Morgan Stanley & Co. LLC and Deutsche Bank Securities Inc. as representatives of the several underwriters on the $104.6 million initial public offering of 4,025,000 shares of Class A common stock of KAYAK Software Corporation, including 525,000 shares from the full exercise of the underwriters’ option to purchase additional shares. KAYAK’s common stock is traded on the NASDAQ Global Select Stock Market under the symbol “KYAK.”

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Davis Polk advised FedEx Corporation on its SEC-registered offering of $500 million principal amount of 2.625% notes due 2022 and $500 million principal amount of 3.875% notes due 2042. The joint book-running managers of the offering were Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Mizuho Securities USA Inc.

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Davis Polk is advising Morgan Stanley Senior Funding, Inc. and The Bank of Tokyo-Mitsubishi UFJ, Ltd., as joint lead arrangers and joint bookrunners for $1.2 billion of financing in connection with DigitalGlobe, Inc.’s acquisition of GeoEye, Inc. The financing consists of a $1.05 billion senior secured term loan facility and a $150 million senior secured revolving credit facility. The obligations under the facilities are guaranteed by certain of DigitalGlobe’s domestic subsidiaries and are secured by substantially all of the assets of DigitalGlobe and the guarantors. The acquisition is expected to close in 2013.

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Hogan Lovells advised Daimler on the strategic partnership between Daimler Buses and Motor Coach Industries (MCI), including the sale of Daimler’s Setra-branded premium motor coach distribution business to MCI.  In connection with the transaction, which closed on 29 June 2012, Daimler Buses received a minority ownership stake in MCI, and MCI became the exclusive North American distributor of the Setra S407 and S417 German-manufactured premium motor coaches.

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