Uría Menéndez and Clifford Chance acted for private equity fund Advent International on the sale of a 45 per cent stake in Maxam to fellow private equity firm Rhône Capital.
Rhône Capital was advised by Pérez-Llorca and Kirkland & Ellis, according to Mergermarket.
MIning explosives manufacturer Maxam has more than 6,500 employees, with subsidiaries in more than 50 countries.
In the financial year ending 31 March 2018, Maxam generated revenues of more than €1.1 billion.
Advent International has €33 billion of assets under management.