Amid an ongoing downturn in large European M&A deals, Magic Circle firms Freshfields Bruckhaus Deringer and Linklaters have landed key roles advising on a potential $5 billion sale of British engineering firm Invensys to Schneider Electric, a French power equipment maker seeking to bolster its presence in the industrial automation business.
July 15, 2013 at 01:17 PM
1 minute read
UPDATE: 7/31/13, 10:00 a.m. EDT. Schneider Electric has formally agreed to acquire Invensys in a $5.2 billion cash-and-stock deal.
Magic Circle firms Freshfields Bruckhaus Deringer and Linklaters have taken the lead advising on a potential $5 billion sale of British engineering firm Invensys to France’s Schneider Electric, which is seeking to bolster its presence in the industrial automation business.
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