Sterling was appointed to produce the scheme documentation for the Recommended Cash Acquisition of Spectris plc
- jamierusted5
- Sep 9
- 1 min read
Sterling was appointed by Slaughter and May and Spectris plc to produce the documentation on a recommended cash offer by a KKR-backed vehicle to acquire the entire share capital of Spectris through a court-sanctioned scheme of arrangement.
The offer competed with a previous recommended bid from Advent International, announced in June 2025, which Sterling assisted with, but following the competing proposal from KKR, the Spectris Board has withdrawn its support for the Advent bid and is now recommending the KKR offer. The offer values Spectris at £4.1 billion, a £2.37 per share premium to Advent’s bid, with completion expected by Q1 2026.
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