Power stationTop European firms Hengeler Mueller and Uria & Menendez have won leading roles on the e1.69bn (£1.06bn) cross-border sale of seven of Siemens’ businesses to US private equity house Kohlberg Kravis Roberts & Co (KKR).

The acquisition saw KKR buy Mannesmann Plastics Machinery; gas spring producers Stabilus; harbour crane unit Gottwald; Siemens’ Power Transmission and Distribution Group; the ceramics division of Power Generation Group; and Network Systems.