Linklaters advises Luxinva on Intertek acquisition

Linklaters has advised Luxinva, a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), as consortium partner to EQT on the takeover of Intertek Group for approximately £10.9bn, including debt.

The deal, structured as a cash and dividend offer at £61.08 per share, values Intertek’s equity at £9.5bn and ranks as Britain’s third-largest take-private transaction, behind the acquisitions of airport operator BAA in 2006 and pharmacy chain Alliance Boots in 2007, according to LSEG-compiled data.

Under the terms of the transaction, Luxinva and a wholly owned subsidiary of Mubadala will become minority shareholders in Intertek, holding stakes of 16% and 8%, respectively.

The Linklaters team

An international cross-practice Linklaters team advised Luxinva on the transaction. The team was led by partners Nicholas Edwards (Abu Dhabi, pictured) and Richard Spedding (London), alongside counsel Claire Neil (Dubai). The core team included partner Rupert Cheyne (corporate/M&A, London), partner Alexei Franks (tax, London), Annamaria Mangiaracina (antitrust and foreign investment, Brussels), counsel Jack Harrison (tax, London), managing associates Landy Mao (corporate/M&A, Abu Dhabi) and Karolis Pocius (antitrust and foreign investment, Brussels), and associates Prerna Handa and Deborah Wong (both corporate/M&A, London) and Malak Toshani (tax, London).