Cleary Gottlieb Steen & Hamilton, Allen & Overy (A&O) and Linklaters have all landed major roles as private equity house CVC Capital Partners closes in on a deal to acquire the European business of Campbell Soup Company for a reported value of €400m (£344m).

CVC has confirmed it is in “exclusive final negotiations” to acquire Campbell Europe, which primarily covers Belgium, France, Germany, Sweden and Finland. Campbell Soup’s UK business does not form part of the deal.