Clifford Chance (CC), SJ Berwin and Mayer Brown have advised on Caterpillar’s €580m (£517m) acquisition of a German engine manufacturing company from 3i Group, reports the Am Law Daily.

Caterpillar, the world’s largest construction company, has agreed to acquire MWM Holding from UK private equity firm 3i after being outbid for the company three years ago when 3i paid £360m for MWM.