Advent International Corporation’s £1bn acquisition of British technology and electronics business Laird plc

Freshfields Bruckhaus Deringer has advised British technology and electronics business Laird plc on its acquisition by AI Ladder Limited, a wholly-owned indirect subsidiary of funds managed Advent International Corporation.

The acquisition values the shares of Laird at approximately £1bn on a fully diluted basis and represents a notable private equity acquisition of a public company.

Led by Anthony “Tony” Quinlan and Kevin Dangerfield, Laird Plc is a global leader in solving electromagnetic interference challenges and providing state-of-the-art wireless communication and smart system solutions, and Advent is one of the largest and most experienced global private equity investors.

The Freshfields team was led by global transactions partners Mark Austin (picture) and Piers Prichard Jones. Rod Carlton and Alice Greenwell led on antitrust and employment matters, respectively.

 

Involved fees earner: Mark Austin – Freshfields Bruckhaus Deringer LLP; Piers Prichard Jones – Freshfields Bruckhaus Deringer LLP; Rod Carlton – Freshfields Bruckhaus Deringer LLP; Alice Greenwell – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: Laird plc;