Mergers & Acquisitions – M&A Advisory

WH Ireland’s advisory capability includes mergers and acquisitions, disposals and restructurings.

We provide full service offering on public company takeovers and M&A advisory for listed companies and are also able to transact and advise on private acquisitions, acting for either offeror or offeree.

Public: Bid team/Offeror

We project manage the transaction and act as the main interface between the Offeror and the Takeover Panel.

Our advice covers:

  • Structure of acquisition (offer to shareholders vs court approved Scheme of Arrangement)
  • Approach to offeree boards and tactics for maximising the chances of success while minimizing transactional risk
  • Approaches to target shareholders to understand their appetite to sell and potential transaction pricing.
  • Funding
  • Offer document drafting

Public: Target/Offeree

As Rule 3 adviser we provide advice to the board of the target company as to whether the financial terms of any offer (including alternative offers) are fair and reasonable.

It is a takeover rule requirement that Board of Offeree take independent financial advice.

Our advice encompasses valuation advice and supporting detail, shareholder communication and management, Tactics, including hostile bid defence, if appropriate, where our team has had notable success in the past.

We also provide various services to clients requiring a Rule 9 Whitewash or Concert Party advice.

Private M&A Advice

We advise on:

Strategic reviews and deal structuring

Review of current business and its operations and discussions and research of appropriate acquisition targets

Assistance with approaches, negotiations, project management of acquisition or disposal

Dual track process capability (IPO and Trade sale/Private Equity process run in tandem).

Our M&A credibility

C.Gars Limited March 2021 Merger with La Casa Del Tobaco of Belgium to form Dominique London NV and subsequent private fundraise of €10.65m Financial Adviser and Broker
Tex Holdings plc November 2020 Subscription and take private by major shareholder, Le Bas Rule 3 Adviser
RM Special Holdings 3 LLC (Redmile) March 2020 Purchase and settlement of shares Rule 9 mandatory cash offer for Redx Pharma plc
NetScientific November 2018 Strategic Review/Formal Sales Process Financial Adviser
Undisclosed Amount
Action Hotels October 2018 Recommented offer by major shareholder, Action real Estate CO KSCC Rule 3 Adviser
CareTech October 2018 Recommended offer for Cambrian Group plc Joint Broker
Sutton Harbour November 2017 Recommended partial cash offer for Sutton Harbour Holdings Financial Adviser to FB Investors
FIH Group plc March 2017 Recommended Offer from Staunton Holdings, unsolicited approach from Dolphin Fund Joint Financial Adviser, Rule 3 Adviser and Nomad
CTI Engineering February 2017 Recommended cash offer for Waterman Group plc Financial Adviser