The mandate to advise Invensys, the UK engineering group, on its latest round of disposals is up for grabs, with Morgan Stanley and JP Morgan well positioned to benefit.

Invensys last year raised £1.8bn (€2.6bn) through a round of disposals, but the company has surprised some analysts by embarking on a further round of sales. A company spokesman said it had not yet hired any advisers. However, Morgan Stanley and JP Morgan performed the bulk of the deals last year and will be well placed to secure mandates this time around.