De La Rue PLC &
JPMorgan Cazenove Ltd | Update Date: 12/21/08 |
| Date Announced: 11/25/08 |
Value (million $USD): 181.0 million U.S. Dollar
119.3 million British Pound |
|
| Status: Pending | |
| TRANSACTION DETAILS |
|---|
| Date Announced | 11/25/08 | | |
| Date Originally Announced | 11/25/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Privately Negotiated Purc |
| Attitude | Friendly | Agency | n/a |
| Value | 181.0 million U.S. Dollar
119.3 million British Pound | Advisor Fees | n/a |
| SYNOPSIS |
|---|
| UK - JPMorgan Cazenove Ltd, a 50:50 joint venture between JPMorgan Chase & Co and Cazenove & Co Ltd, planned to acquire an undisclosed minority stake in De La Rue PLC, a Basingstoke-based provider of commercial security printing and papermaking services, for 119.259 mil British pounds ($181.011 mil US), in a privately negotiated transaction. The transaction was to include 39.101 mil ordinary B shares. |
| TARGET |
|---|
| Name | De La Rue PLC (London : DLAR) |
| Industries | Commercial printing, nec; Paper mills; Prepackaged Software; Offices of holding companies, nec |
| City | Basingstoke, Hampshire |
| State | n/a |
| Nation | United Kingdom |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | De La Rue PLC, headquartered in Basingstoke, Hampshire, provides commercial security printing and papermaking services, including 150 national currencies and a range of security documents such as travelers' cheques and vouchers. The company also provides cash handling equipment and software solutions to banks and retailers worldwide, helping them to reduce the cost of handling cash. It was founded in 1813. |
| Advisors | NULL |
| Target Sales | 1.49 billion U.S. Dollar
753.6 million British Pound |
|
| ACQUIROR |
|---|
| Name | JPMorgan Cazenove Ltd |
| Industries | Investment advice; Security and commodity services, nec |
| City | London |
| State | n/a |
| Nation | United Kingdom |
| Incorporated in | n/a |
| Public Status | Joint Venture |
| Business Description | JPMorgan Cazenove Ltd, headquartered in London, UK, is an investment bank. The groups services includes; financial advice; mergers and acquisitions including asset purchases and dispositions, restructurings and reorganizations; investor relations which includes a shareholder analysis service; debt and equity capital markets advice including debt advisory, loan financing, fixed income, risk management initial public offerings, primary issues for listed companies, rights issue, placing and open offers, vendor placings, cash placings, secondary transactions for listed companies, accelerated bookbuild offerings and block trades; and execution and equity research and distribution. The group has offices in Hong Kong, China, Singapore, Germany, France, and the US. |
| Advisors | NULL |
| Acquiror Sales | n/a |
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