Guiding clients through complex public takeovers and evolving transaction structures is always an exciting challenge. We acted for Bidco 1125 Limited, a newly formed acquisition vehicle, indirectly owned by Luke Johnson and Ian Livingstone, on its recommended £85.4 million takeover of Inspecs Group plc for cash with an unlisted securities alternative.
This transaction evolved significantly over its course; initially announced as a court-sanctioned scheme of arrangement and later switching to a contractual takeover offer. The offer was declared unconditional last week.
Our team was led by Tessa Trevelyan Thomas, supported by a multidisciplinary group comprising Mike Lanning, Tyler Hilborne, Jamie Hamilton, India‑Rose May, Georgia Harris, Oliver Clark, Jan Hoppe, Luke Morris, Alexander Nakhmanovich, Neal Todd and colleagues across the firm who contributed to completing the transaction. Cavendish acted as financial adviser to Bidco.
