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Finsbury is handling Advent International's $5B bid for Cobham, UK defense & aerospace company, a deal that is expected to go under tough scrutiny by British regulators and politicos.
Silchester International, Cobham's biggest investor, opposes the takeover because it believes the supplier of gear to Boeing, Lockheed Martin, and Airbus could fetch a higher price after it completes its turnaround strategy and cleans up its balance sheet.
David Lockwood, CEO of Cobham, said partnering with the Boston-based private equity firm will provide the investment the company needs to further "leverage the quality of our products and services."
Advent's 165 pence per-share offer represents a 34 percent premium over the pre-announcement closing price.
Finsbury's James Murgatroyd, Dorothy Burwell and Humza Vanderman represent Advent.
Cobham relies on MHP Communications (Reg Hoare, Tim Rowntree and Nessyah Hart).
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
