Latham & Watkins and Shearman & Sterling have bagged roles on the $13.2bn (£7.6bn) acquisition of US pulp giant Georgia-Pacific by Koch Industries, creating the US’ largest privately-held company.

The deal, which values Georgia-Pacific at $21bn (£12.1bn) including debt, saw privatelyowned conglomerate Koch launch a cash tender for all of Georgia-Pacific’s shares last Friday (18 November).