FiatNorton Rose has secured a high-profile Italian deal after being instructed by car giant Fiat on the e460m (£288.8m) sale of its Teksid subsidiary to US investor group Questor Management.

The deal saw Michigan-based Questor lead a group of investors in the acquisition of the aluminium automotive components business of Turin-based Teksid, alongside JP Morgan Partners, the Italian-based Private Equity Partners and American International Group.