SJ Berwin and Cleary Gottlieb Steen & Hamilton have advised on private equity firm BC Partners’ $1.9bn (£1.2bn) sell-off of its French frozen food business to Lion Capital, reports The Am Law Daily.

SJ Berwin took the lead role for buyout house Lion Capital on its acquisition of Picard Surgeles, reportedly the largest leveraged buyout in France since 2008.