Freshfields Bruckhaus Deringer has taken a lead role on a £2.7bn deal which will see a Daimler/Rolls-Royce joint venture acquire German diesel engine maker Tognum for $4.4bn, reports The Am Law Daily.

Freshfields M&A partner Andreas Fabritius and finance partner Christoph Gleske in Frankfurt are advising Daimler, along with corporate partner Ferdinand Fromholzer in Munich. The Freshfields team is working with Holger Jahn, head of Daimler’s in-house legal M&A group.