Milbank Tweed Hadley & McCloy and Baker & McKenzie have bagged lead roles on Cerberus Capital Management’s $1.4bn (£748m) acquisition of leasing business Debis AirFinance from car giant DaimlerChrysler.
The deal sees DaimlerChrysler and German banks Bayerische Landesbank, Dresdner, DZ BANK and HypoVereinsbank sell their remaining 45% stake in the Dutch aircraft leasing company to the New York-based private equity firm.
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