 |
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).
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
FTI Consulting handles media for McCormick as the 137-year-old flavors company combines with Unilever Foods in a deal valued at $45B.
