Ashurst advises HSBC in relation to recommended cash offer for RPS Group plc

Global law firm Ashurst is advising long standing client HSBC Bank plc  (“HSBC”) in relation to the £591m recommended cash offer for RPS Group plc by WSP Group Holdings Limited.

WSP Group Holdings Limited is a wholly owned subsidiary of WSP Global Inc., which is one of the world’s leading professional services firms. The WSP Group exists to future-proof its cities and environment. The WSP Group provides strategic advisory, engineering, and design services to clients in the transportation, infrastructure, earth & environment, building, power, energy, water, mining, and resources sectors.

The acquisition target, RPS Group plc, was founded in 1970 and built on a legacy of environmental and social engagement. RPS Group plc is a diversified and well-recognised global professional services firm of approximately 5,000 talented employees including consultants, designers, planners, engineers, and technical specialists.

HSBC is acting as financial adviser to WSP Global Inc. and the bidder, WSP Group Holdings Limited, in relation to the offer.

The Ashurst team is being led by banking partner Tim Rennie and corporate partner and Global Chair Karen Davies, assisted by senior associate Jake Hadfield and associates Sandile Sibiya and Kseniia Samokhina. Competition partner Steven Vaz also advised.

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