Leading international law firm, Freshfields Bruckhaus Deringer has acted for private equity group Advent International on the sale of its portfolio-firm Domestic & General to funds advised by CVC Capital Partners.

Freshfields acted for Advent when it acquired Domestic & General in 2007 through a public-to-private transaction. The Freshfields team acting on the sale was led by Adrian Maguire, partner, and senior associate James Scott.

Completion of the transaction is subject to customary regulatory clearances and is expected to take place during Q4 2013.

Domestic & General was founded in 1912, expanded successfully in the UK, and became fully listed on the London Stock Exchange in 1988 before being taken private by Advent in 2007. The firm has businesses in 11 countries, employs about 2,500 staff and services 15 million customers. Its turnover was £570 million in 2012.