Meggitt recommended offer by Parker-Hannifin Corporation – Legal Advisor: Slaughter & May
Ultra Electronics recommended offer by Cobham Group – Legal Advisor: Slaughter & May
Vectura Group plc recommended offer by Philip Morris International – Financial & Legal Advisors: JP Morgan, Rothschild, Clifford Chance
It’s been a busy few months in the City for Sterling Financial Print as our services have been employed on a wide number of financial projects, including some very high-profile company takeovers with an international dimension.
One of the most notable among these mergers and acquisitions was the takeover by the tobacco company, Philip Morris International, of the UK pharmaceutical inhaler group, Vectura, for a figure of £1.1 billion as Philip Morris continues to diversify its portfolio.
Aeronautical firms prove attractive takeover prospects
Two more major takeovers where Sterling Financial Print provided valuable and timely support services involved Meggitt and Ultra Electronics, both well-established British companies operating in the defence and aeronautical industries.
Meggitt, with its headquarters in Coventry, achieved annual revenue of approximately $2.3 billion in 2020 and employs more than 9,000 staff in support of its aeronautical technology with products on almost every major aircraft platform.
The takeover of Meggitt by Parker-Hannifin Corporation adds even more strength to an organisation already recognised as the global leader in motion and control technologies.
Meanwhile, the board of Ultra Electronics, the British aeronautical and defence engineering group, agreed to the £2.6 billion ($3.56 billion) takeover by British aeronautical manufacturing company, Cobham, which is owned by Advent International.
These are just some of the most recent financial projects, including IPOs, ECM and M&A, which Sterling Financial Print has assisted and helped to bring to a successful conclusion during 2021.
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