The American investment company Veritas Capital has increased the value of the offer to acquire the British Bodycote Plc is competing with CVC Advisors Ltd. for the asset buyout. This is reported in the Bodycote press release.
Veritas Capital is offering 1.65 billion pounds ($2.2 billion) or 1.85 billion pounds, including debt obligations, at a price of 940 pence per share. Previously, the offer included 1.6 billion pounds.
Lazard serves as an advisor to Veritas, while Barclays, Goldman Sachs and Jefferies serve as consultants. Bodycote. Earlier, Bodycote received an offer from the investment company Apollo Global Management, which later rejected the deal.
Bodycote plc is a British company in the field of heat treatment of metals. The company provides comprehensive solutions to improve the strength, durability and corrosion resistance of metal components. The company includes divisions of Aerospace, Defense & Energy (ADE) and Automotive & General Industrial (AGI). The headquarters is located in Macclesfield (UK).
CVC Advisors Ltd. is a British financial planning and investment consulting company. The company is part of the structure of CVC Capital Partners Ltd. The headquarters is located in London (England).
Veritas Capital is an American private investment company in the field of technology and the public sector (federal and regional organizations), as well as companies controlled by government agencies in the aerospace and defense sectors, national security, and information technology. The company manages assets worth more than $50 billion. The headquarters is located in New York (USA).
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