Davis Polk advised Ramius Trading Strategies LLC, an SEC-registered investment adviser, on the launch of the Ramius Trading Strategies Managed Futures Fund, a newly organized, non-diversified series of the Investment Managers Series Trust, a registered open-end management investment company. The fund commenced operations on September 13, 2011, and has approximately $230 million in assets under management.

The global law firm Jones Day is pleased to announce that two lawyers have joined the Banking & Finance Practice in the Firm’s New York Office.

International law firm Milbank, Tweed, Hadley & McCloy, LLP has announced that David Zeltner and Jane Morgan have joined the firm as partners in the Global Corporate Group in the New York office.

Shearman & Sterling represented the underwriters, led by Citigroup and J.P. Morgan, in an offering of 4,000,000 shares of ExlService Holdings, Inc. common stock at $23.00 per share. Three million of the shares were sold by Oak Hill funds, a 40% holder, and 1,000,000 were issued and sold by ExlService.

Davis Polk advised the initial purchasers and dealer managers in connection with a series of transactions to finance the anticipated spinoff of ITT Corporation’s defense and water businesses. Following the spinoff, ITT, Exelis Inc. (which will operate the defense business) and Xylem Inc. (which will operate the water business) will be three distinct, publicly traded companies.

Akerman Senterfitt has added Wayne Wald as a shareholder and Palash Pandya as of counsel to its Corporate Practice Group in an expansion that includes a total of five senior attorneys in its New York office.

Zuckerman Spaeder LLP is pleased to announce that Steven M. Cohen, who was most recently Secretary to New York Governor Andrew M. Cuomo, is joining the firm as a partner in its New York office. Mr. Cohen brings to Zuckerman Spaeder a combination of skills and experience in government, politics, and private practice. Mr. Cohen will lead the expansion and development of Zuckerman Spaeder’s New York office, and will focus his practice on crisis management, government investigations and white collar criminal defense, and complex commercial and regulatory matters.

Davis Polk advised Citigroup Global Markets, Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers in connection with a $5 billion SEC-registered debt offering by Intel Corporation, consisting of $1.5 billion of its 1.95% notes due 2016, $2 billion of its 3.3% notes due 2021 and $1.5 billion of its 4.8% notes due 2041.

The Firm recently represented Dollar General Corporation (“Dollar General”) and its controlling shareholder Buck Holdings, L.P., an affiliate of Kohlberg Kravis Roberts & Co., L.P., in connection with a secondary offering of 28,750,000 shares (including the full exercise of the over-allotment option) of common stock at a public offering price of $34.75 per share, resulting in gross proceeds to the selling shareholders (including KKR, other investors and certain members of management) of approximately $969.1 million.

Kirkland & Ellis LLP is pleased to announce that Mitra Hormozi, the former Special Deputy Chief of Staff for the New York Attorney General’s Office and the current chair of Gov. Andrew Cuomo’s Commission on Public Integrity, has joined the Firm as a partner in the New York office.