Eversheds Sutherland has advised longstanding client, London-listed Gresham House plc, on its c£470m recommended takeover by Seed Bidco Limited, a newly incorporated entity formed by funds advised by Searchlight Capital Partners, L.P. and its affiliates (Searchlight).
Gresham House, a leading specialist alternative asset manager, actively manages c.£8 billion in assets across the UK, Ireland, Australia, and New Zealand.
The transaction is intended to be effected by means of a scheme of arrangement under Part 26 of the Companies Act.
Eversheds Sutherland advised on all elements of the transaction. James Trevis, client partner to Gresham House, and Head of Private Equity, led the Eversheds Sutherland team which also comprised: Partners Mark Roe, Stephen Nash and Steven Hacking (Public Company Advisory); Danny Blum (Share Incentives), Jonathan Master (FS Regulatory), Peter Harper (Antitrust and FDI), Legal Director Victoria Green (Share Incentives), Senior Associate Paul Jackson (Corporate), and Associates Ruth Haynes (Antitrust and FDI) and Richard Meakins (Corporate).
James Trevis, Eversheds Sutherland, said:
“We’re thrilled to have supported Gresham House, who we’ve been advising for a number of years, on this transaction.”