Simpson Thacher & Bartlett and Wachtell Lipton Rosen & Katz have taken lead roles on buyout house Apax Partners’ sale of Tommy Hilfiger to US clothing giant Phillips-Van Heusen for $3bn (£1.9bn).

The sale comes around four years after Apax purchased Tommy Hilfiger for $1.6bn (£1.1bn) and took the company private.