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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).
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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