Deal watch: US giants line up on European rail mega-merger and largest-ever Asia PE deal

After the Magic Circle, this week it was time for the US players to kick off the autumn deal season, as Global 100 firms acted on two headline-grabbing deals in Europe and Asia.

Latham & Watkins and Cleary Gottlieb Steen & Hamilton advised on the €15bn (£13.1bn) Franco-German merger between Siemens’ and Alstom’s railway operations, while Ropes & Gray and Morrison & Foerster led on the $18bn (£13.4bn) sale of Toshiba’s chip business, reportedly the largest-ever private equity deal in Asia. From the Magic Circle, Freshfields Bruckhaus Deringer had roles in both deals.

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