Wall Street duo Weil Gotshal & Manges and Wachtell Lipton Rosen & Katz have bagged the lead roles on the $22bn (£11.6bn) buy-out of energy giant Kinder Morgan as private equity ‘club deals’ continue to drive the US deal markets.

The deal, the largest ever management buy-out, sees the company taken private by a consortium led by company chairman and chief executive, Richard Kinder, and backed by the private equity houses Goldman Sachs Capital Partners, American International, Riverstone and Carlyle.