Eckoh plc Announces £169 Million Acquisition by Bridgepoint
Deal News | Nov 06, 2024 | Keystone Law
Eckoh plc, a publicly listed company, has been the target of a recommended acquisition valued at £169 million by Bridgepoint Advisers II Limited through Eagle UK Bidco Limited. This transaction is structured as a scheme of arrangement and is set to be completed by early 2025, pending regulatory approvals. Keystone Law, led by Private Equity partner Matthew Kichenside, Corporate partner Simon Holden, and Tax partner Sam Coleman, has provided advisory services to senior managers of Eckoh in this deal. According to Keystone, this acquisition exemplifies the growing interest of private capital funds in publicly listed companies, reflecting an appetite for value-creation opportunities in the market. Keystone's involvement underscores their capacity to support management teams in substantial M&A activities involving key market players.
Sectors
- Private Equity
- Legal Advisory
- Mergers and Acquisitions
Geography
- United Kingdom – Eckoh plc is a UK-based publicly listed company, and the acquisition involves UK entities and regulatory oversight.
Industry
- Private Equity – Involves the acquisition of Eckoh plc by Bridgepoint, a private equity firm through its managed funds.
- Legal Advisory – Keystone Law provided legal advice to the senior managers of Eckoh during the acquisition process.
- Mergers and Acquisitions – Involves the £169 million acquisition of publicly listed Eckoh plc, reflecting activity within the M&A sector.
Financials
- £169 million – Value of the acquisition transaction for Eckoh plc by Bridgepoint.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Eckoh plc | Target Company | Company | Publicly listed company being acquired in the deal. |
| Bridgepoint Advisers II Limited | Private Equity Firm/Bidding Company | Company | Private equity firm managing the funds that are facilitating the acquisition. |
| Eagle UK Bidco Limited | Acquisition Vehicle | Company | Entity through which the acquisition of Eckoh plc is being carried out. |
| Keystone Law | Legal Advisor | Company | Advisors to the senior managers of Eckoh plc in the transaction. |
| Matthew Kichenside | Private Equity Partner | Person | Led Keystone Law's advisory team for the transaction. |
| Simon Holden | Corporate Partner | Person | Part of Keystone Law's advisory team for the transaction. |
| Sam Coleman | Tax Partner | Person | Part of Keystone Law's advisory team for the transaction. |