Slaughter and May is advising John Wood Group plc on the sale of its nuclear business to Jacobs UK Limited, a subsidiary of Jacobs Engineering Group Inc., for a cash consideration of approximately £250 million.
The sale is conditional on, among other things, competition clearance, and is expected to close before the end of Q1 2020.
Jacobs UK Ltd. distributes steel pipework and ducting components. The Company also offers rotary valve, sliding damper, coupling, and a range of polyurethane flexible hose. Jacobs provides its products throughout the United Kingdom and Northern Ireland.
John Wood Group PLC is a multinational energy services company with headquarters in Aberdeen, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Slaughter and May has been working closely alongside the Wood team: Tony Dinozzi (Head of M&A), Iain Jones (Chief Counsel, Specialist Technical Solutions) and Gavin Thomson (Senior Legal Counsel, Specialist Technical Solutions).
The Slaughter and May team included Corporate: Simon Nicholls (partner), Filippo de Falco (Picture), David McKendrick-Ness (associate), Charlotte Eynon (associate), James Gallagher (trainee); Competition: Lisa Wright (partner), Bertrand Louveaux (partner), Aurora Luoma (senior counsel), Sophia Clark (associate); Pensions and Employment: Padraig Cronin (partner), Daniel Schaffer (partner), Jessica Tinsley (associate); Tax: Gareth Miles (partner), Charles Osborne (associate), Rose Swaffield (associate); IP/IT: Emma Haywood (associate); Data Protection: Rebecca Cousin (partner), Lucia Bird (associate), Lucie van Gils (associate).
Involved fees earner: Lucia Bird – Slaughter and May; Sophia Clark – Slaughter and May; Rebecca Cousin – Slaughter and May; Padraig Cronin – Slaughter and May; Filippo de Falco – Slaughter and May; Charlotte Eynon – Slaughter and May; Emma Haywood – Slaughter and May; Bertrand Louveaux – Slaughter and May; Aurora Luoma – Slaughter and May; David McKendrick-Ness – Slaughter and May; Gareth Miles – Slaughter and May; Simon Nicholls – Slaughter and May; Charles Osborne – Slaughter and May; Daniel Schaffer – Slaughter and May; Rose Swaffield – Slaughter and May; Jessica Tinsley – Slaughter and May; Lucie van Gils – Slaughter and May; Lisa Wright – Slaughter and May;
Law Firms: Slaughter and May;
Clients: Wood Group;