Davis Polk advised Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as representatives of the underwriters, in connection with RE/MAX Holdings, Inc.'s (RE/MAX) initial public offering of 11,500,000 shares of its Class A common stock, which included the full exercise of the underwriters' over-allotment option to purchase an additional 1,500,000 shares of Class A common stock from RE/MAX, at a price to the public of $22.00 per share.

Davis Polk advised Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Morgan Stanley Senior Funding, Inc. and Goldman Sachs Lending Partners LLC, as joint lead arrangers and joint bookrunners, and Wells Fargo Securities, LLC, as joint bookrunner, in connection with a new $7.6 billion senior secured term loan and $1 billion senior secured revolving credit facility for Hilton Worldwide Finance, LLC, a subsidiary of Hilton Worldwide Holdings, Inc. (Hilton), with The Blackstone Group L.P. as sponsor.

The French group Scor has become the leading life reinsurer in the United States through acquiring Generali U.S. Holdings. The amount of the transaction is approximately $750 million (579 million euros).

With this acquisition, the SCOR group takes it share of the life reinsurance market from 18% to 27% of market share, based on 2012 figures.

Davis Polk advised BOCI Asia Limited, The Royal Bank of Scotland plc, Credit Suisse Securities (Europe) Limited, The Hongkong and Shanghai Banking Corporation Limited and Industrial and Commercial Bank of China (Asia) Limited as managers for a Hong Kong law Regulation S only offering by AVIC International Finance & Investment Limited of its $300 million 4.75% guaranteed bonds due 2018 and $200 million 6% guaranteed bonds due 2023. The bonds are unconditionally and irrevocably guaranteed by AVIC International Holding Corporation.

Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint book-running managers on an SEC-registered offering of 5,750,000 shares of common stock of UIL Holdings Corporation for approximately $206 million. The common stock is listed on the NYSE under the symbol "UIL." The shares include 750,000 shares from the exercise of the underwriters’ over-allotment option in full. 

Davis Polk advised J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters on the $162 million initial public offering of 18,000,000 shares of Violin Memory, Inc. Violin Memory’s common stock is traded on the New York Stock Exchange under the symbol “VMEM.” 

Davis Polk acted as special counsel to RBC Capital Markets, LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. as joint lead managers on an SEC-registered offering by Royal Bank of Canada of $2 billion aggregate principal amount of 2% covered bonds due 2018. 

Davis Polk advised Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as joint book-running managers and representatives of the several underwriters in connection with the $192.28 million initial public offering of 8,740,000 shares of common stock of Ophthotech Corporation, which included 1,140,000 shares from the exercise of the underwriters’ over-allotment option in full. The common stock is listed on the NASDAQ Global Select Market under the symbol “OPHT.”  

Clifford Chance advised Deutsche Bank, Morgan Stanley and Raiffeisen Centrobank as joint global coordinators in connection with the Re-IPO of UNIQA Insurance Group AG, one of the leading insurance groups in Austria and Central and Eastern Europe.

The offering which comprised a total of 94,752,100 shares (including 6,650,000 over-allotment shares), issued at an price of EUR 8.00, resulted in a gross issuance return of EUR 757 million.

Davis Polk advised Citigroup Global Markets Inc., as representative of the several initial purchasers, in a Rule 144A/Regulation S offering by General Motors Company of $4.5 billion in aggregate principal amount of senior notes, consisting of $1.5 billion in aggregate principal amount of 3.5% senior notes due 2018, $1.5 billion in aggregate principal amount of 4.875% senior notes due 2023 and $1.5 billion in aggregate principal amount of 6.25% senior notes due 2043.