Clifford Chance (CC) has landed a role in a major US M&A transaction, alongside New York powerhouse Skadden Arps Slate Meagher & Flom, advising private equity house Apax Partners on its $1.6bn (£900m) acquisition of the fashion label Tommy Hilfiger Corporation.
The deal is part of an Apax push to boost its presence in the consumer and retail sectors. The private equity house worked with clothing company Phillips-Van Heusen on the deal, in which Apax owns a 27.6% stake. The pair previously teamed up to buy Calvin Klein in 2003.
