Ashurst has bagged a major role opposite Slaughter and May acting for longstanding client Countrywide on the £1bn takeover approach from US private equity group Apollo Management.

Ashurst is advising Countrywide – the UK’s largest estate agent – on a bid that values the group at 590p per share. The City giant is fielding a team headed by corporate chief Adrian Clark and which also includes corporate partner Robert Ogilvy-Watson, employee benefits partner Barbara Allen, pensions partner Steven Hull and competition partner Nigel Parr.