Debevoise & Plimpton LLP is advising Schneider Electric (EPA: SU) in its acquisition of PTC (NASDAQ: PTC), an industrial product design, engineering and data management company, at an implied enterprise valuation of $23.7 billion. For more information, see the press release.

The Debevoise team is led by M&A partners Jonathan Levitsky and Spencer Gilbert and includes partners Paul Bird and Philippe Tengelmann, counsel Molly Stockley and associates Neel Bakshi, Brett Edelblum, Grace Li, Ayanna Najja Thompson and Jason Zhang, executive compensation & benefits partner Jonathan Lewis and associates Sandy De Sousa and Isadore Shamah and law clerk Annie Zhou, tax partner Samuel Krawiecz and associate Isabel Shipman, capital markets partner Nicholas Pellicani and associates Alexander Bracco and Zhenya Lebedev, IP and technology transactions partner Henry Lebowitz and associates Amanda Blazek, Kate O’Neill, Dylan Sanders and Siena Stanislaus, antitrust partners Ted Hassi, Anne-Mette Heemsoth, Tim McIver and Rebekah Scherr and associates Lina Hamidou, Lillian Lara and Megan MacDonald and corporate staff attorney Kayleigh Anderson, litigation partner Maeve O’Connor, counsel Erich Grosz and Amy Zimmerman and associate Martha Hirst, and environmental counsel Stuart Hammer and associate Harry Zirlin.