Freshfields Bruckhaus Deringer (‘Freshfields’) is advising Ted Baker plc (“Ted Baker”) on its formal sale process that has led to a recommended takeover offer from Authentic Brands Group (‘ABG’), in a transaction valued at £211m.
The boards of directors of Ted Baker and ABG announced that they have reached agreement on the terms of a recommended final cash offer by ABG-Robin BidCo (UK) Limited, a newly incorporated entity wholly owned by ABG, to acquire the entire issued and to be issued share capital of Ted Baker.
The transaction is subject to customary regulatory clearances and Ted Baker shareholder approval, and it is expected to complete during the fourth quarter of 2022.
Freshfields had previously advised Ted Baker on its new debt arrangements and a public share offer to its shareholders in 2020.
The Freshfields team advising Ted Baker in connection with the acquisition is being led by London-based corporate partners, Chris Mort and Rhys Evans, and associate Olivia Mackay, working with Rishi Sharma, the General Counsel of Ted Baker.
Further details on the transaction can be found here.
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