Clifford Chance’s (CC’s) New York office has bagged a plum role advising Terra Firma on its acquisition of Pegasus Aviation Finance for $5.2bn (£2.6bn) from a partnership of investment funds.

CC is fielding team out of its New York and London bases, with US co-chair of M&A Brian Hoffmann leading the team in Manhattan and London-based corporate finance partner David Pearson and finance partner Geoffrey White playing key roles in the City.