Manhattan rivals Sullivan & Cromwell and Weil Gotshal & Manges have bagged lead roles on the latest mega buy-out as communications group Bell Canada Enterprises (BCE) is taken private in a C$51.7bn (£24.2bn) deal.

Weil Gotshal is advising the purchasing consortium, which is being led by Teachers Private Capital and includes Providence Equity Partners and Madison Dearborn Partners. Sullivan is acting for the target, with M&A partners James Morphy, George Sampas and Donald Crawshaw spearheading the team.