Baker McKenzie advised QinetiQ Group PLC on its acquisition of Manufacturing Techniques, Inc. Holland & Knight advised Manufacturing Techniques, Inc. on the deal.
Manufacturing Techniques, Inc., (“MTEQ”) is a specialist design, developer and manufacturer of integrated, portable and fixed sensor systems primarily for the U.S. Government. The deal is valued at up to $125 million on a debt free, cash free basis, with $105 million payable at close in cash and up to $20 million in a three year earn-out paid in cash and QinetiQ shares. The deal is subject to certain legal and regulatory conditions and is expected to close by year end.
Stephens Inc. acted as financial adviser to QinetiQ and Robert W. Baird & Co. acted as financial adviser to MTEQ.
The Baker McKenzie team was led by Helen Bradley (Picture), supported by London based associates George Marshall, Simon Foster, Paul Anderson, trainee, Scarlett Flight and Washington based Corporate partner Marc Paul and associate Sherif Ali.
The Holland & Knight team was led by Partner Adam August and Associates Lauren Benny and Simone Dallaire, assisted by Partner Antonia Tzinova and Associate Andrew McAllister, who advised on international trade and industrial security issues.
Involved fees earner: Sherif Ali – Baker McKenzie; Paul Anderson – Baker McKenzie; Helen Bradley – Baker McKenzie; Scarlett Flight – Baker McKenzie; Simon Foster – Baker McKenzie; George Marshall – Baker McKenzie; Marc Paul – Baker McKenzie; Adam August – Holland & Knight; Lauren Marquez Benny – Holland & Knight; Simone Dallaire – Ropes & Gray; Andrew McAllister – Ropes & Gray; Antonia Tzinova – Ropes & Gray;