DLA Piper Opens for Business in Australia

Leading global business law firm DLA Piper is opening for business in Australia today, following the integration of DLA Phillips Fox (Australia) and DLA Piper on 1 May. The integration of experienced and highly regarded Australian lawyers to the DLA Piper global network enhances the firm’s capacity and ability to provide local, in-depth knowledge on an international scale.

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Davis Polk – 21Vianet Group, Inc. Initial Public Offering and Nasdaq Listing

Davis Polk advised Morgan Stanley & Co. International plc, Barclays Capital Inc. and J.P. Morgan Securities LLC as joint bookrunners and representatives of the underwriters of the initial public offering by 21Vianet Group, Inc. (21Vianet) of 14,950,000 American Depositary Shares (ADSs), each representing six Class A ordinary shares of 21Vianet. The ADSs include 1,950,000 ADSs purchased by the underwriters pursuant to the exercise of their over-allotment option in full. Priced at US$15.00 per ADS, the gross proceeds of the offering were approximately US$224.3 million. The ADSs are listed on the NASDAQ Global Market under the symbol “VNET.”

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Simpson Thacher Represents Morgan Stanley As Financial Advisor to the ACG Committee of the General Partner of Duncan Energy Partners in $3.3 Billion Transaction with an Affiliate

The firm is representing Morgan Stanley as financial advisor to the Audit, Conflicts and Governance Committee of the general partner of Duncan Energy Partners L.P. (NYSE: DEP) in connection with the proposed merger of DEP with a subsidiary of Enterprise Products Partners L.P. (NYSE: EPD) pursuant to a unit-for-unit exchange.

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Simpson Thacher Represents Barclays Capital Inc. as Financial Advisor to Exelon Corporation in $34 Billion Combination with Constellation Energy

The firm is representing Barclay’s Capital Inc. as financial advisor to Exelon Corporation (NYSE: EXC) in connection with the proposed combination of Exelon with Constellation Energy (NYSE: CEG) pursuant to a stock-for-stock transaction.  Under the merger agreement, Constellation’s shareholders will receive 0.930 shares of Exelon common stock in exchange for each share of Constellation common stock.  The implied pro forma market capitalization of the combined entity is $34 billion with an enterprise value of $52 billion.

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Kirkland & Ellis Advised Summit Partners and TA Associates on the Acquisition of a Majority in German Online Game Developer Bigpoint

Kirkland & Ellis International LLP represented funds advised by private equity investors Summit Partners LP and TA Associates Inc. on the acquisition of a majority stake in Bigpoint GmbH for $350 million. Bigpoint is Europe’s second-largest online games company, and operates the largest portal for online games in Germany. The acquisition is subject to regulatory approval.

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Shearman & Sterling Advises on AEP Industries Inc.’s $200 Million Notes Offering and Concurrent Debt Tender Offer and Consent Solicitation

Shearman & Sterling represented the initial purchasers in connection with AEP Industries Inc.’s private placement of $200 million of its 8.25% Senior Notes due 2019 and the dealer manager and solicitation agent in connection with AEP’s concurrent tender offer and consent solicitation for its existing 7.875% Senior Notes due 2013. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC acted as initial purchasers in connection with the notes offering and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as dealer manager and solicitation agent in connection with the tender offer and consent solicitation.

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