Advising EcoSecurities Group plc on its defence of a hostile takeover bid and recommended offer
Matheson Ormsby Prentice advised EcoSecurities Group plc on both its defence of the hostile takeover bid made by Guanabara Holdings BV in July 2009 and the recommended cash offer made by Carbon Acquisition Company Limited in September 2009.
The recommended cash offer values the entire issued and to be issued share capital of the company at £129.7 million. The offer was declared unconditional in all respects on 30 October 2009.
The acquisition of EcoSecurities Group plc represents an indirect principal investment for JPMorgan Chase & Co.
Corporate finance partners Patrick Spicer and George Brady led the MOP team, assisted by Alan Chiswick and Louise Smith.