25 Jun 2019 | 09:36 am | 1 min. read
International law firm Pinsent Masons is advising Yorkshire based Premier Technical Services Group plc on its recommended acquisition by an entity set up by the Australian investment group Macquarie.
Bernard Bidco Limited, which is wholly-owned by the Macquarie group, has offered to pay Premier Technical Services Group shareholders 210.1p per share. Under the terms of the acquisition, the deal is valued at approximately £265 million on a fully diluted basis.
The Pinsent Masons team is led by corporate finance partners Russell Booker and Julian Stanier alongside legal director Adam Cain, with assistance from senior associate Chris Watts, senior solicitor Robyn Stevens and trainee solicitor Molly Dyas. Legal director Fleur Benns is providing incentives advice.
Commenting on the deal, Russell Booker said: "We have acted for Premier Technical Services Group for a number of years and our knowledge of the client and the sector has been a real asset for this transformational deal.
"This highly significant deal builds on the success of Pinsent Masons in undertaking complex public M&A transactions, having now acted on 10 Takeover Code governed transactions over the past two years."
Premier Technical Services Group plc is engaged in the maintenance, inspection, testing, repair and installation of permanent facade access equipment, fall arrest systems and lightning protection systems. Headquartered in Castleford, West Yorkshire, the Group employs 1,200 people across 31 UK sites, who service more than 180,000 buildings across the whole of the UK for over 20,000 customers in a wide range of industries.
Key Contacts
Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its investment in Mongolia’s first ever green bond issuance.
Multinational law firm Pinsent Masons has hired real estate partner, Louisa Lynch, in Dubai.
Multinational law firm Pinsent Masons has hired pensions partner Andy Wright into its Leeds office, taking the size of its pension team to 64.
Multinational law firm Pinsent Masons has advised renowned affordable luxury jewellery brand Monica Vinader on the latest strategic investment from Bridgepoint Development Capital IV, a fund focused on investing in mid-market growth businesses.
Multinational law firm Pinsent Masons has hired partner Sylvia Tonova to the firm’s International Arbitration Practice.
Multinational law firm Pinsent Masons has advised global investment company, abrdn, on the agreement to sell its discretionary fund management (DFM) business, abrdn Capital, to LGT.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]