A trio of corporate law firms have secured roles on private equity giant Advent International’s €3.9 billion sale of German software-as-a-service company Aareon, amid a continued uptick in transactional activity.

Kirkland & Ellis, Weil, Gotshal & Manges and CMS are acting as lead advisors on the acquisition by TPG and Canada-based pension fund CDPQ, which is expected to close in the second half of 2024, according to a statement.