Allen & Overy (A&O), Freshfields Bruckhaus Deringer, Proskauer Rose and Simpson Thacher & Bartlett are advising on private equity fund Apax Partners’ acquisition of surface treatment and chemical application provider Safetykleen Europe, from private equity fund Warburg Pincus for around £700m.

A&O London private equity partner Stephen Lloyd (pictured) is leading the magic circle firm’s team advising longstanding client Apax. Private equity partner Karan Dinamani is also advising.