Global law firm Ashurst has advised J.P. Morgan Cazenove on the £4.1 billion recommended offer by Project Aurora Bidco Limited (Bidco) to acquire the entire issued, and to be issued, share capital of Spectris plc (Spectris).
Spectris is a global precision measurement company, focusing on two industry-leading divisions, providing key insights to customers through premium precision measurement solutions using technical expertise and deep domain knowledge.
Bidco is a special purpose vehicle indirectly wholly-owned by Kohlberg Kravis Roberts & Co. L.P. and its affiliates (KKR). J.P. Morgan Cazenove is acting as financial adviser to KKR and Bidco.
Under the terms of the acquisition, Spectris shareholders will be entitled to receive £40.00 in cash, comprising £39.72 in cash consideration from Bidco and an interim dividend of 28 pence per share to be paid (subject to approval by the directors of Spectris) by Spectris in the ordinary course of its FY25 dividend calendar.
The Ashurst team is being led by partner Tom Mercer and counsel Darren Phelan, supported by senior associate Colin Bugler and associates Sandile Sibiya, Gareth Mair, Shashtika Sundar and Patrick Chambers.
