Kirkland & Ellis has bagged a lead role advising Bain Capital on its $3.5bn (£1.7bn) acquisition of African retailer Edgars Consolidated Stores – the largest leveraged buy-out on the African continent to date. Kirkland acted for regular client Bain, fielding a City-based team including corporate partners James Learner and Christopher Field, finance partners Stephen Gillespie and Neel Sachdev and tax partner Ian Taplin. Edgars was advised by Johannesburg firm Webber Wentzel Bowens. Legalweek.com (9 February)

Ashurst is advising Punch Graphix on a £131.6m bid by shareholder Punch International to acquire the share capital it does not already own. The team is being led by corporate partner Jeffrey Sultoon. O’Melveny & Myers advised the bidder.

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