The Frankfurt office of Freshfields Bruckhaus Deringer has advised Nomura’s principal finance group on one of Europe’s largest private equity deals.

A consortium of German state property companies, led by Nomura, will pay dm7.6bn (£2.3bn) for 114,000 flats owned by Deutsche Bahn, Germany’s national railway company. The deal is reportedly Nomura’s largest outside the UK. Freshfield’s Frankfurt team, led by partners Burkhard Bastuck and Christian Bunsen, assisted by Lutz Kniprath, oversaw the deal.