Leading global law firm Herbert Smith Freehills Kramer has advised UK industrials group Bodycote plc on the £1.84 billion takeover by US private equity sponsor Veritas Capital. The takeover comes after a public competitive process between Veritas Capital and global private markets manager CVC.
Bodycote is a FTSE 250 company which offers services including heat treatment for manufacturing, metal joining and the application of protective metallic coatings.
The Herbert Smith Freehills Kramer team was led by partners Mark Bardell and Heidi Gallagher, supported by partner and UK head of Competition/Antitrust, Regulation and Trade Veronica Roberts, and senior associates Imogen White, Yusra Jafar and Arina Abgaryan.
Partner Mark Bardell commented: “We are proud to have advised Bodycote throughout the competitive process which has led to the recommended deal with Veritas, a transaction that marks a new chapter for our client’s growth. The takeover reflects the strength of our listed companies offering, including our expertise advising on high-profile take-private deals, alongside our deep industrials sector experience.”
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