Linklaters, Freshfields and Norton Rose Fulbright (NRF) advised on the £1.275 billion consortium offer for Senior plc.

A consortium of investment funds advised by affiliates of Tinicum Incorporated and Blackstone Inc. has announced a recommended cash offer for Senior plc, valuing the FTSE 250-listed engineering solutions provider at approximately £1.275 billion (equity value). The transaction is structured through Zeus UK Bidco Limited, a newly formed entity indirectly controlled by the consortium, and is intended to be implemented by way of a court-sanctioned scheme of arrangement.

Senior plc is an international engineering company designing and manufacturing high-technology components and systems for the aerospace, defence, land vehicle, and power and energy sectors. The recommended offer is a high profile UK public to private transaction in the defence and aerospace sector, reflecting continued sponsor interest in UK listed businesses with strong underlying fundamentals and long term growth potential. The transaction remains subject to the satisfaction of various conditions, including shareholder approval and regulatory clearances.

Linklaters advised the consortium of investment funds advised by affiliates of Tinicum Incorporated and Blackstone Inc. On the recommended offer for Senior plc.

The cross-practice team was led by Partners Alex Lehtinen (Private Capital M&A) and Iain Fenn (Corporate/M&A), supported by Antitrust and foreign investment Partner Anna Mitchell and Counsel Aoife Monaghan, employment and incentives Partner Bradley Richardson, and managing associate Jessica Dougan (Private Capital M&A).

Freshfields has advised funds managed by Blackstone as part of a consortium on the recommended cash acquisition of Senior plc.

The team was led by Partners James Scott and Kate Cooper, and Senior Associate Lucy Cliff.

Norton Rose Fulbright advised Barclays plc, acting as financial adviser to Zeus UK Bidco Limited, the consortium vehicle indirectly controlled by funds advised by affiliates of Tinicum Incorporated and Blackstone Inc., on the £1.275 billion recommended cash offer for Senior plc.

The London-based team was led by Corporate Partners Paul Whitelock and Kit McCarthy, alongside Banking Partner James Collis, supported by Corporate Associates Katherine MacPhail, Craig Langsdale and Adam Leigh, and banking consultant Ksenia Orlova.