Freshfields Bruckhaus Deringer, Kirkland & Ellis and Herbert Smith have taken roles on the £636m takeover of Avis Europe by its US counterpart Avis Budget, 25 years after the two companies were originally separated.

Kirkland is advising Avis Budget, fielding a multijurisdictional team led by corporate partners David Fox in New York and Graham White in London. The US firm’s team also included finance partners Ashley Gregory and Neel Sachdev in New York and London respectively, as well as corporate partners David Fox and Daniel Wolf in New York.