German leader Hengeler Mueller has won a lead role on the landmark € 2.25bn (£1.5bn) sale of MG Technologies’ chemical arm. The deal is being dubbed as one of the largest private equity auctions yet to take place in Germany.

It saw MG sell off the bulk of Dynamit Nobel to US-based Rockwood Specialties Group, a holding company set up by Kohlberg Kravis Roberts (KKR) and DLJ Merchant Banking Partners (DLJ).