Linklaters and Freshfields Bruckhaus Deringer have landed the leading roles on a takeover bid by France’s Schneider Electric for UK engineering firm Invensys in an offer that values the company at £3.3bn.
Linklaters led by London corporate partner Nick Rees is lead adviser to the French power equipment company, while Freshfields led by corporate head Barry O’Brien and City M&A co-head Ben Spiers is advising longstanding client Invensys. The deal comes just under a year after O’Brien and Spiers led on the company’s £1.74bn sale of its rail division to Siemens.