Kramer Levin Naftalis & Frankel LLP today announced that corporate attorney George M. Silfen has joined the New York office as a partner in the firm’s Financial Services Group. Mr. Silfen primarily advises clients on regulatory and compliance matters associated with investment companies, and investment advisory, brokerage, securities custody and transfer agent services.

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Davis Polk is advising Bertelsmann SE & Co. KGaA in connection with the combination with Pearson plc of their trade-book publishing companies, Random House and Penguin Group, respectively. Bertelsmann will own 53% and Pearson will own 47% of the combined company, which will be named Penguin Random House. The closing of the transaction is scheduled to take place in the second half of 2013, following regulatory approval.

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Davis Polk is advising Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA as lead arrangers in connection with a commitment to provide a $500 million senior secured facility for Riverbed Technology, Inc. The facility would be available to Riverbed to finance its purchase of OPNET Technologies, Inc.

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Shearman & Sterling has advised Italian-headquartered Coesia S.p.A, an industrial machinery and processes company, on its agreement to acquire Oystar North America, Inc. from Oystar International GmbH (a company controlled by German private equity fund, Odewold & Compagnie). The acquisition is subject to customary antitrust approvals.

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Shearman & Sterling advised Goldman Sachs Lending Partners LLC, Morgan Stanley Senior Funding, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers, joint bookrunners and joint syndication agents in connection with a $455 million refinancing, consisting of a $425 million 5-year term loan and a $30 million 4.5-year revolving credit facility for Astoria Generating Company Acquisitions, L.L.C (“Astoria”), an entity formed by an investor group led by Madison Dearborn Partners and New York City-based US Power Generating Company.

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Shearman & Sterling represented Banco Bradesco BBI S.A., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities, Inc., BB Securities Ltd, and Banco BTG Pactual S.A.-Cayman Branch as initial purchasers in connection with the offering of US $500,000,000 aggregate principal amount, issued in a 144A/Reg S offering, of 8.25% Senior Notes due 2019 of OAS Investments GmbH and guaranteed by its parent company OAS S.A. and OAS S.A.’s wholly owned subsidiaries Construtora OAS Ltda. and OAS Investimentos S.A.

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The global law firm Jones Day has announced that Doreen Davis has joined the Firm’s New York Office as a partner in the Labor & Employment Practice. She arrives from Morgan Lewis, where she was a partner in and national co-chair of the Labor-Management Relations and Labor Disputes Practice.

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Akin Gump Strauss Hauer & Feld LLP acted as legal counsel to Kayne Anderson Capital Advisors in its sale of 19 student housing properties to American Campus Communities (ACC). The total value of the deal is $862 million.

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The Firm is representing McKesson Corporation (NYSE: MCK) in its announced acquisition of all outstanding shares of PSS World Medical, Inc. (NASDAQ: PSSI) for $29.00 per share in cash. The transaction, including the assumption of PSS World Medical’s outstanding debt, is valued at approximately $2.1 billion. The transaction is subject to customary closing conditions, including regulatory clearances and approval of PSS World Medical’s shareholders.

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Davis Polk advised underwriters represented by Barclays Bank PLC, CIBC World Markets Corp., Citigroup Global Markets Inc., Morgan Stanley & Co. International plc in connection with the offering of $2.25 billion aggregate principal amount of 1.1% bonds due 2017, issued by the Province of Ontario.

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