Wachtell Lipton Rosen & Katz has acted on three major buy-out deals in the last few weeks worth a combined value of more than $35bn (£17.6bn), as the leading New York firm continues to benefit from the surging US private equity market.

The firm is acting on the latest bumper deal in the gaming sector, advising Penn National Gaming, which is being taken private for $8.9bn (£4.5bn) by Fortress Investment Group and Centerbridge Partners.