Skadden Arps Slate Meagher & Flom has advised Doughty Hanson on its purchase of a controlling stake in Balta Industries in a deal that values the Belgian rug and carpet manufacturer at approximately € 600m (£395m).

The acquisition is the latest deal to be put together by private equity partner Allan Murray-Jones, who quit Lovells for Skadden in 2001, taking a significant chunk of Doughty’s European work with him to the US-based giant.