Kirkland & Ellis and several Magic Circle and German firms are advising on CVC Capital Partners’s purchase of energy-metering business Ista International from fellow private equity firm Charterhouse Capital Partners in a deal that values the portfolio company at nearly $4.1 billion.

Kirkland banking and finance partners Ward McKimm and Neel Sachdev in London are counseling CVC on debt financing aspects of the deal, along with associate James Crooks. As part of the deal, CVC, a longtime Kirkland client, will acquire the 76 percent stake it doesn’t already own in Essen-based Ista from Charterhouse.

McKimm joined Kirkland in 2011 from the London office of Shearman & Sterling, where he coheaded the firm’s local corporate group, while Sachdev joined the firm in 2003 from Freshfields Bruckhaus Deringer.

Earlier this year McKimm and Sachdev were part of Kirkland teams that landed roles on both sides of London-based CVC’s acquisition of Italian credit data and business intelligence company Cerved from fellow buyout shops Bain Capital and Clessidra for nearly $1.5 billion, according to our previous reports.

Former Freshfields corporate partner Hans-Joerg Ziegenhain—a top Bavarian dealmaker who left the Magic Circle firm in 2006 to join leading German firm Hengeler Mueller—is leading a team serving as lead deal counsel to CVC. Other Hengeler Mueller lawyers working on the transaction include corporate partners Emanuel Strehle and Christian Schwandtner, antitrust partner Thorsten Maeger, and corporate counsel Attila Oldag, according to British legal publication The Lawyer, which notes that the transaction is the first the German firm has handled for CVC.

Richard Perris serves as managing director of legal affairs at CVC. Carl Hansen, a former M&A partner at New Zealand firm Buddle Findlay, serves as a senior managing director at CVC, as does W. Brian Scholfield, a former partner at top Canadian firm Goodmans and senior counsel at a predecessor of offshore firm Mourant Ozannes.

Mark Hallett, a corporate counsel in the Frankfurt office of Magic Circle shop Allen & Overy, is advising Deutsche Bank, which is putting up roughly $2.6 billion in debt to fund CVC’s effort to take control of Ista. Reuters reports the debt will be syndicated to other banks and institutional investors at a later stage.

Ista, which provides electricity, gas, heat, and gas meter-reading services to commercial property managers and residential homeowners, had several suitors besides CVC.

Bloomberg reports that CVC beat out a rival bid made by private equity firm BC Partners. CMS Hasche Sigle, the German affiliate of legal giant CMS Cameron McKenna, advised BC Partners on its unsuccessful effort to acquire Ista, according to German legal publication Juve, which notes that Ista’s management is being represented on the company’s sale by German firm P+P Pollath + Partners.

Taking the lead for Charterhouse on the proposed sale of Ista are a team of lawyers from the German and London offices of Freshfields led by corporate partners Oliver von Rosenberg and Ludwig Leyendecker, global financial services cohead Simon Pierce, finance partner Simone Bono, banking partner Yorck Jetter, antitrust partner Ulrich Scholz, and employee benefits counsel Timon Grau. Charterhouse’s chief compliance officer and general counsel is Thomas Patrick.

As it turns out, Freshfields is no stranger to CVC.

The firm handled the private equity shop’s nearly $1.4 billion sale last month of a 40 percent stake in Indonesia’s largest department store operator Matahari, according to sibling publication The Asian Lawyer, which notes that in February CVC turned to Magic Circle rival Clifford Chance for counsel on its $300 million acquisition of the outsourcing arm of Philippine Long Distance Telephone. Clifford Chance and Weil, Gotshal & Manges also advised CVC last fall on its nearly $1 billion purchase of insurance claims adjuster the Cunningham Lindsey Group.

CVC’s current deal for Ista, which is expected to close this summer, is considered the largest German private equity transaction since Goldman Sachs Capital Partners and PAI Partners teamed up to acquire building materials group Xella for $3.2 billion in 2008. CVC, owner of the Formula One racing circuit, is also now pursuing London-based online betting exchange Betfair, which has retained Freshfields for its rejection of the private equity firm’s $1.4 billion offer on Monday.

Kirkland & Ellis and several Magic Circle and German firms are advising on CVC Capital Partners’s purchase of energy-metering business Ista International from fellow private equity firm Charterhouse Capital Partners in a deal that values the portfolio company at nearly $4.1 billion.

Kirkland banking and finance partners Ward McKimm and Neel Sachdev in London are counseling CVC on debt financing aspects of the deal, along with associate James Crooks. As part of the deal, CVC, a longtime Kirkland client, will acquire the 76 percent stake it doesn’t already own in Essen-based Ista from Charterhouse.

McKimm joined Kirkland in 2011 from the London office of Shearman & Sterling , where he coheaded the firm’s local corporate group, while Sachdev joined the firm in 2003 from Freshfields Bruckhaus Deringer .

Earlier this year McKimm and Sachdev were part of Kirkland teams that landed roles on both sides of London-based CVC’s acquisition of Italian credit data and business intelligence company Cerved from fellow buyout shops Bain Capital and Clessidra for nearly $1.5 billion, according to our previous reports.

Former Freshfields corporate partner Hans-Joerg Ziegenhain—a top Bavarian dealmaker who left the Magic Circle firm in 2006 to join leading German firm Hengeler Mueller—is leading a team serving as lead deal counsel to CVC. Other Hengeler Mueller lawyers working on the transaction include corporate partners Emanuel Strehle and Christian Schwandtner, antitrust partner Thorsten Maeger, and corporate counsel Attila Oldag, according to British legal publication The Lawyer, which notes that the transaction is the first the German firm has handled for CVC.

Richard Perris serves as managing director of legal affairs at CVC. Carl Hansen, a former M&A partner at New Zealand firm Buddle Findlay, serves as a senior managing director at CVC, as does W. Brian Scholfield, a former partner at top Canadian firm Goodmans and senior counsel at a predecessor of offshore firm Mourant Ozannes.

Mark Hallett, a corporate counsel in the Frankfurt office of Magic Circle shop Allen & Overy , is advising Deutsche Bank , which is putting up roughly $2.6 billion in debt to fund CVC’s effort to take control of Ista. Reuters reports the debt will be syndicated to other banks and institutional investors at a later stage.

Ista, which provides electricity, gas, heat, and gas meter-reading services to commercial property managers and residential homeowners, had several suitors besides CVC.

Bloomberg reports that CVC beat out a rival bid made by private equity firm BC Partners. CMS Hasche Sigle, the German affiliate of legal giant CMS Cameron McKenna , advised BC Partners on its unsuccessful effort to acquire Ista, according to German legal publication Juve, which notes that Ista’s management is being represented on the company’s sale by German firm P+P Pollath + Partners.

Taking the lead for Charterhouse on the proposed sale of Ista are a team of lawyers from the German and London offices of Freshfields led by corporate partners Oliver von Rosenberg and Ludwig Leyendecker, global financial services cohead Simon Pierce, finance partner Simone Bono, banking partner Yorck Jetter, antitrust partner Ulrich Scholz, and employee benefits counsel Timon Grau. Charterhouse’s chief compliance officer and general counsel is Thomas Patrick.

As it turns out, Freshfields is no stranger to CVC.

The firm handled the private equity shop’s nearly $1.4 billion sale last month of a 40 percent stake in Indonesia’s largest department store operator Matahari, according to sibling publication The Asian Lawyer, which notes that in February CVC turned to Magic Circle rival Clifford Chance for counsel on its $300 million acquisition of the outsourcing arm of Philippine Long Distance Telephone. Clifford Chance and Weil, Gotshal & Manges also advised CVC last fall on its nearly $1 billion purchase of insurance claims adjuster the Cunningham Lindsey Group.

CVC’s current deal for Ista, which is expected to close this summer, is considered the largest German private equity transaction since Goldman Sachs Capital Partners and PAI Partners teamed up to acquire building materials group Xella for $3.2 billion in 2008. CVC, owner of the Formula One racing circuit, is also now pursuing London-based online betting exchange Betfair, which has retained Freshfields for its rejection of the private equity firm’s $1.4 billion offer on Monday.