Shearman & Sterling represented Viacom Inc. in connection with a $300 million issue of Viacom’s 3.125% Senior Notes due 2022 and a $100 million further issue of Viacom’s 1.250% Senior Notes due 2015. Viacom had issued $500 million of the 1.250% Senior Notes due 2015 in February 2012.

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Shearman & Sterling advised Citigroup Global Markets Inc., Barclays Bank Plc and The Bank of Tokyo-Mitsubishi UFJ Ltd. as joint lead arrangers and joint book managers of a $1 billion five-year multicurrency revolving credit facility and $1 billion 364-day short term multicurrency revolving credit facility for PACCAR Inc. and some of its subsidiaries.

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Haynes and Boone, LLP New York has significantly strengthened its real estate practice with the addition of two highly-respected lateral partners, Bradford Lavender and Steven Monteforte.

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The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (KKR) and Alliance Boots GmbH (Alliance Boots) in connection with the acquisition of a 45% equity stake in Alliance Boots by Walgreen Co. (Walgreens), in a cash-and-stock deal valued at approximately $6.7 billion. Walgreens will have the option to proceed to a full combination by acquiring the remaining 55% of Alliance Boots at a later date for approximately $9.5 billion in cash and stock. Closing of the first step of the transaction is subject to satisfaction of regulatory and other customary conditions.

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The Firm is representing KKR & Co. L.P. in its acquisition of Prisma Capital Partners LP, a leading provider of customized hedge fund solutions. Prisma is known for identifying specialist hedge fund managers with exceptional track records and creating custom portfolios for clients. As of April 1, 2012, Prisma had $7.8 billion in assets under management, with more than 90% belonging to institutional investors. The transaction is expected to close in the fourth quarter 2012.

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Kramer Levin represented a joint venture of Toll Brothers and Starwood Capital Group in connection with its winning bid for and negotiation of a 97-year ground lease to develop a new $300 million hotel and residential complex that will be built next to Pier 1, just south of the Brooklyn Bridge in Brooklyn Bridge Park, a 1.3-mile-long park which stretches along the East River on the Brooklyn waterfront. The development will include approximately 200 hotel rooms, 160 condominium apartments, 32,000 square feet of restaurant and banquet space, a 6,000-square-foot spa and a 300 space parking facility. The deal was approved by the Brooklyn Bridge Park Corporation’s Board on Tuesday, June 19.

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Davis Polk advised underwriters represented by Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities Ltd. and TD Securities (USA) LLC in connection with the offering of $1 billion aggregate principal amount of 0.5% U.S. dollar bonds due 2015, issued by Export Development Canada.

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Davis Polk is advising Bank of America Merrill Lynch as a joint bookrunner and joint lead arranger of a $3.5 billion senior unsecured bridge facility for Walgreen Co. in connection with its proposed acquisition of not less than 45% of the issued and outstanding equity interests in Alliance Boots GmbH.

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Davis Polk is advising Vector Capital on the $2.2 billion leveraged buyout of Quest Software, Inc. Joining with CEO Vincent Smith and Insight Venture Partners, on June 19, 2012, Vector Capital entered into definitive agreements to acquire Quest for $25.75 per share in cash. The transaction is also being financed with approximately $1.2 billion of debt financing commitments from J.P. Morgan Chase Bank N.A., RBC Capital Markets and Barclays Capital.

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On Friday, June 15, 2012, Davis Polk won a significant victory on behalf of Deloitte & Touche LLP in the Alabama Supreme Court with an affirmance of the dismissal of a securities-fraud lawsuit arising out of the 1995 leveraged recapitalization of the Bruno’s regional supermarket chain. This brings to a close 12 years of litigation brought in two states by renowned trial lawyer Leo Beus via three separate actions, each of which Davis Polk had dismissed in turn.

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