latham: progress in europeMilbank Tweed Hadley & McCloy and Latham & Watkins have underlined the progress US firms are making in Europe by advising on the groundbreaking € 1.75bn (£1.17bn) recapitalisation of German chemicals giant Cognis Deutschland.

The nine-strong Milbank capital markets team working on the deal was led by London partners Kevin Muzilla and Tom Siebens. They advised Cognis Deutsch-land and its main private equity investors Goldman Sachs and Permira.