There was much back-slapping after Freshfields Bruckhaus Deringer, Pinsent Masons and Travers Smith won roles on Deutsche Bank's proposed £350m acquisition of independent wealth manager Tilney Investment Management. Freshfields corporate partner Matthew Cosans led for Deutsche Bank, winning the instruction after successfully advising the bank on last year's sale of its equities management businesses to Aberdeen Assets Management. Tilney's owner, private equity group Bridgepoint, instructed Travers Smith, with corporate partner David Innes leading. Bridgepoint bought Tilney last year through a management buyout. Pinsents, led by corporate partner Andrew Masraf, netted a role on the deal by advising Tilney's management, which has an estimated £6.7bn worth of assets under management.