Melrose Industries’ £7.4 Billion Offer for GKN plc

Simpson Thacher and Slaughter and May advise in the deal

Melrose Industries PLC announced an unilateral offer to acquire GKN plc, the FTSE 100 engineering firm. GKN designs, manufactures and services systems and components for the aerospace, driveline and powder metallurgy industries globally.

Melrose’s £7.4 billion share and cash offer is the largest unilateral bid in the U.K. since 2009. The cash element will be financed through a new debt facility, which will also be used to refinance the existing Melrose and GKN indebtedness.

The Simpson Thacher advises Melrose with a team including Adam Signy (Picture), Ben Spiers, James Connor, Ying Yi Soh, Chris Vallance, Hamesh Khatkar and Harris Kaufman (M&A – U.K.); Sinead O’Shea, Ambarish Dash and George Dye (Credit); Nick Shaw and Hillyer Jennings (Capital Markets); David Vann, Preston Miller and John Skinner, and Peter Thomas (Antitrust), David Shogren, Mark Skerry and Claire DiMario (Regulatory).

Slaughter and May is advising GKN with a team led by Roland Turnill.

 

Involved fees earner: Adam Signy – Simpson Thacher & Bartlett; Ben Spiers – Simpson Thacher & Bartlett; James Connor – Simpson Thacher & Bartlett; Ying Yi Soh – Simpson Thacher & Bartlett; Christopher Vallance – Simpson Thacher & Bartlett; Hamesh Khatkar – Simpson Thacher & Bartlett; Harris Kaufman – Simpson Thacher & Bartlett; Sinead O’Shea – Simpson Thacher & Bartlett; Ambarish Dash – Simpson Thacher & Bartlett; Nicholas Shaw – Simpson Thacher & Bartlett; Hillyer Jennings – Simpson Thacher & Bartlett; David Vann – Simpson Thacher & Bartlett; Preston Miller – Simpson Thacher & Bartlett; John Skinner – Simpson Thacher & Bartlett; Peter Thomas – Simpson Thacher & Bartlett; David Shogren – Simpson Thacher & Bartlett; Mark Skerry – Simpson Thacher & Bartlett; Claire DiMario – Simpson Thacher & Bartlett; Roland Turnill – Slaughter and May;

Law Firms: Simpson Thacher & Bartlett; Slaughter and May;

Clients: Melrose Industries; GKN plc;