Deutsche Bank, JP Morgan and Morgan Stanley are in the frame to win disposal mandates as Invensys, the UK energy management and technology company, mulls further asset sales to avoid breaching its banking convenants.

The trio won plaudits last year for their advisory involvement in a disposal programme, which was completed four months ahead of schedule, generated £1.8bn (€2.6bn) - ahead of targeted proceeds of £1.5bn - and enabled Invensys to reduce its debt mountain.