Linklaters, White & Case and Weil, Gotshal & Manges have taken lead roles on private equity firm BC Partners and Canadian pension investments manager Public Sector Pension Investment Board's (PSP) acquisition of a majority stake in furniture maker Keter Group.

The deal, which was signed yesterday (28 July), reportedly values the company at as much as $1.6bn (£1.2bn), although the financial details were not disclosed.

Keter, which is based in Israel, employs more than 4,000 people and achieved sales of €800m (£675m) in 2015.

Linklaters is advising BC Partners with a team led by London private equity partners Vincent Ponsonnaille and Alex Woodward. London partner Brian Gray and Paris partner Kathryn Merryfield are advising on finance matters, while Paris partner Edouard Chapellier is handling tax aspects of the deal.

Weil is acting for first-time client PSP on the deal, with a team led by private equity partner Marco Compagnoni, supported by tax partner Oliver Walker and banking partner Tom Richards.

White & Case is acting on the other side of the deal, advising Keter's founders, the Sagol family, with a team led by private equity partner Ian Bagshaw, supported by private equity partner Ken Barry, finance partner Martin Forbes and tax partner Prabhu Narasimhan.

Bagshaw said: "This was a fantastic transaction for our EMEA private equity practice, the sort of deal that does not come along very often. The deal represents a vote of confidence in Keter's potential and in the Israeli economy."

Bagshaw also recently took a lead role on security software company Avast Software's $1.3bn (£990m) acquisition of rival software company AVG Technologies.