Davis Polk & Wardwell LLP advised J.P. Morgan Securities Inc. and Goldman, Sachs & Co. as joint book-running managers of concurrent SEC-registered offerings by Janus Capital Group Inc. of 20,909,090 shares of its common stock and $170 million principal amount of its 3.25% convertible senior notes due 2014, including, in each offering, the exercise in full of the over-allotment option. Davis Polk is also advising Goldman, Sachs & Co. and J.P. Morgan Securities Inc. as lead dealer managers on a concurrent cash tender offer by Janus for up to $400 million aggregate principal amount of its outstanding 5.875% notes due 2011, 6.250% notes due 2012 and 6.700% notes due 2017, for which the net proceeds of the above-mentioned offerings, together with cash on hand, may be used.

Janus is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management LLC, INTECH Investment Management LLC and Perkins Investment Management LLC. Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and risk-managed equities, fixed income and alternatives through one common distribution platform.

The Davis Polk corporate team included partner Richard D. Truesdell Jr. and associates Tabea Y. Hsi and Ernest Lim. Partner Mark M. Mendez, associate Derek Dostal and summer associate Ping Song provided equity derivatives advice. Partner Michael Farber, associate Seth H. Poloner and summer associate Lauren M. Murphey provided tax advice. Gwendolyn P. Ranada was the legal assistant on the transactions. All members of the Davis Polk team are based in the New York office.