London – Paul Hastings LLP, a leading global law firm, announced today that it has acted for Goldman Sachs and Citigroup as arrangers in respect of the financing for the recommended public-to-private acquisition by Advent International of Laird PLC for approximately £1 billion. AI Ladder Limited ("Bidco") (a wholly-owned indirect subsidiary of funds managed by Advent International Corporation) and UK electronics and technology business Laird reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Laird by Bidco.
The Acquisition is to be effected by means of a scheme of arrangement under Part 26 of the Companies Act. The Acquisition values the entire issued ordinary share capital of Laird at approximately £1 billion on a fully diluted basis.
Please see the full company announcement here.
The Paul Hastings team was led by London partner Luke McDougall together with partners Richard Kitchen (London), Shekhar Kumar (New York) and Michael Baker (New York) and senior associate Lauren Winter (London).
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