Linklaters and Kirkland & Ellis have taken lead roles on Triton's sale of Scandinavian installation provider Bravida to US investment house Bain Capital in a deal worth an estimated £550m.

Linklaters acted for the seller on the deal, which was structured as a dual-track process. The magic circle law firm, which fielded a team under private equity co-head Ian Bagshaw, advised on both the trade sale and the initial public offering (IPO).

Bagshaw (pictured) commented: "Triton is a key client of our private equity practice and this was a great mandate for us as it was a dual track IPO and sale process, which allowed us to showcase both our capital markets and sell-side expertise.

"Like many dual-tracks in recent years, the non-IPO route was followed and, for quality assets in a competitive situation like Bravida, this outcome looks likely to prevail in the short to medium term as capital markets cannot match the pricing and certainty of an M&A deal in the vast majority of situations."

Swedish law firm Vinge provided local law advice to Triton, with Stockholm M&A and private equity partner Christina Kokko taking the lead.

Bain instructed Kirkland led by London corporate partner Sam Pakbaz on the deal, one of the largest leveraged exits of the year in the Nordic region.