Freshfields acted for Rolls Royce on its £576m bid for Vickers, the engineering company. Senior partner Anthony Salz and corporate partner Graham Nicholson led the team. Vickers was advised by Lovell White Durrant, led by corporate partner Dan Mace.

Baker & McKenzie’s London office acted for Apax Partners, the private equity house, on its acquisition of the BTR Paper Technology business of IT company Invensys for about £506m. Corporate partner Michael Herington and finance partner Bernard Sharp led the team. Fried Frank Harris Shriver & Jacobson, led by corporate partner Karen Wiedemann, advised Invensys. Shearman & Sterling, led by banking partner Anthony Ward, acted for Morgan Stanley Dean Witter and CIBC, which provided finance.