New York duo Milbank Tweed Hadley & McCloy and White & Case have bagged roles on French water giant Veolia Environnement’s A1.45bn (£987m) acquisition of Sulo Group from Apax and Blackstone.

White & Case Hamburg corporate partner Frank Evers is leading the team advising the buyer. Milbank is representing the private equity houses with Munich-based corporate partner Peter Nussbaum and tax partner Rolf Fueger spearheading the team.