Ashurst is advising Gleacher Shacklock LLP and Arma Partners LLP in relation to the £504 million recommended cash offer for KCOM Group plc by Humber Bidco Limited, a newly formed wholly-owned indirect subsidiary of Universities Superannuation Scheme Limited.
KCOM, a leading provider of IT and communications solutions to consumers and businesses across the UK, is one of the UK’s longest-established communications companies, helping customers get connected since 1904. Throughout the decades, KCOM has stayed at the forefront of technology and communications.
KCOM is focussed on three markets: (a) Hull and East Yorkshire: KCOM provides internet-based services to 140,000 consumers and businesses in the region; (b) Enterprise: KCOM serves large enterprise and public sector organisations that need complex technology solutions to serve customers better and adapt to an ever-changing competitive and regulatory environment; and (c) National Network Services: KCOM serves UK-based multi-site organisations that rely on connectivity as part of their business operations.
Gleacher Shacklock LLP and Arma Partners LLP are acting as joint financial advisers to Universities Superannuation Scheme Limited in relation to the offer.
The Ashurst team was led by partners Tom Mercer (picture), Karen Davies and Tim Rennie, assisted by counsel John Gordon, senior associate Darren Phelan, and associates Amber Walker and Oliver Perkins.
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