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2016 ‘a stand-out year’ for Eversheds’ public M&A practice

  • Global
  • United Kingdom

    11-01-2017

    2016 has been described by Eversheds’ corporate team as a ‘stand-out year’ for its public M&A practice with the team acting on seven out of the 51 firm offers announced during the year, with an aggregate offer value in excess of £1.5bn.

    Eversheds advised key clients on a number of significant takeovers in 2016, including: UK telecoms services provider Daisy on its £165m takeover of AIM-quoted rival Alternative Networks plc; Malaysian listed Kuala Lumpur Kepong Berhad on its £415m hostile bid for AIM-quoted M.P. Evans Group plc; Rothschild as financial adviser to RPC Group plc on its £261m acquisition of British Polythene Industries plc; Penna Consulting plc on its £105m acquisition by Adecco S.A.; and Teledyne Technologies Inc. on its proposed £620m acquisition of e2v technologies plc.

    Eversheds’ Stephen Nash, corporate partner, said:“2016 proved to be a stand-out year for public M&A activity for the team, once again acting on over 10% of UK takeovers and, at one point, finding ourselves advising on 25% of those deals on the Takeover Panel’s disclosure table.

    “Despite Brexit and the US elections, activity levels in the team were high during H2 in particular and the pipeline for 2017 remains healthy.”

    Fellow corporate partner, Keri Rees, Eversheds, commented: "It’s been another stellar performance by Steve and the team. There has been a noticeable incidence of overseas appetite for UK head-quartered companies with exchange rates, availability of funds and the desire for growth all driving these deals and despite uncertainties, we’re seeing no let-up in the pipeline of deals.”

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