Trio work on daimler investment deal

Freshfields Bruckhaus Deringer, Shearman & Sterling and Skadden Arps Slate Meagher & Flom are advising on the sale of a $2.7bn (£1.9bn) stake in Daimler to Middle East investors.

Freshfields Bruckhaus Deringer, Shearman & ­Sterling and Skadden Arps Slate Meagher & Flom are advising on the sale of a $2.7bn (£1.9bn) stake in Daimler to Middle East investors.

Aabar Investments turned to Shearman with ­partners Georg Thoma, Hans Diekmann, and Marco Sustmann leading. Skadden and Freshfields advised Daimler on the deal, with Skadden acting as US counsel and Freshfields taking a lead role in Germany.

Hilary Foulkes led the Skadden team while Freshfields’ team was led by corporate and finance ­partners Christoph Gleske and Andreas Konig.