Morgan Stanley Infrastructure Inc’s £314.9 Million Recommended Offer For Augean Plc

Ashurst advised Augean Plc on the deal.

Pursuant to the terms of the offer, Augean shareholders will be entitled to receive 280 pence in cash plus up to an additional 20 pence in loan notes by way of a contingent value right.  Assuming the contingent value right delivers its maximum value, the offer values the entire issued and to be issued share capital of Augean at approximately £314.9 million.

Augean is a specialist waste and resource management group serving the hazardous waste management sector, the oil and gas industry and nuclear and radioactives sector operating at locations across the UK.

MSI is part of Morgan Stanley’s global private infrastructure investment platform.  It employs an established, disciplined process to invest in and manage a diverse portfolio of infrastructure assets predominantly in OECD countries, and its focus sectors include power generation and utilities, natural gas, transportation, and digital infrastructure.

The Ashurst team was led by corporate partner Tom Mercer (Picture) with fellow corporate partners James Fletcher and Harry Thimont, and tax partner Nicholas Gardner. They are being assisted by corporate senior associates Aimee Carroll-Hewitt and Amber Walker, corporate associates Kiara de Silva and Millie Gibbs, and tax associate Martin Voelker.

Involved fees earner: Aimee Carroll-Hewitt – Ashurst; Kiara De Silva – Ashurst; James Fletcher – Ashurst; Nicholas Gardner – Ashurst; Millie Gibbs – Ashurst; Tom Mercer – Ashurst; Harry Thimont – Ashurst; Martin Voelker – Ashurst; Amber Walker – Ashurst;

Law Firms: Ashurst;

Clients: Augean plc;

Author: Federica Tiefenthaler