Advising Renold plc on acquisition by MPE Bidco
Eversheds Sutherland advised Renold plc on recommended £187 Million acquisition by MPE Bidco
June 17, 2025
Advising Renold plc on acquisition by MPE BidcoEversheds Sutherland advised Renold plc on recommended £187 Million acquisition by MPE BidcoJune 17, 2025 17 June 2025 – We advised Renold plc on its recommended £187 million all-cash acquisition by MPE Bidco, a newly formed entity backed by US private equity firm MPE Partners. The 82p-per-share offer represents a 50% premium to Renold’s share price prior to the offer period and a 96% premium to the three-month average. The transaction, structured as a UK scheme of arrangement, will see MPE combine Renold—an AIM-quoted manufacturer of industrial chains and transmission systems—with its portfolio company Webster Industries to create a global leader in power transmission. The board of Renold intends unanimously to recommend that shareholders vote in favour of the deal. We are advising Renold on all aspects of the transaction, including public M&A, employee incentives, and regulatory matters. Completion is expected in the final quarter of 2025, subject to shareholder and regulatory approvals. The team is led by Steve Nash (Partner, Corporate), with support from Annika Unsworth, Dani Pym and Nicole Woo (Corporate), Daniel Blum, Victoria Green and Brittany Dodds (Incentives), Peter Harper, Cathryn Horton, Emily Beighton and Charlotte McBride (Regulatory, Antitrust and FDI), Barney Smedley and Connor Atkinson (Restructuring), Ele Lovering and Sarah Lown (Pensions), and Daniel Hall, client partner for Renold plc. Daniel Hall, client partner for Renold plc, commented: “We are delighted to continue supporting Renold as it takes this transformative step. This transaction represents a strong endorsement of the business and its long-term strategy.” Steve Nash, lead partner, added: “We’re proud to support Renold on this landmark transaction, which marks a significant milestone in its growth journey. The deal demonstrates continued confidence in UK industrial businesses with global reach. It’s been a pleasure working alongside the Renold team on this important step forward.” Key contacts
Stephen Nash Partner United Kingdom Annika Unsworth Principal Associate United Kingdom Dani Pym Senior Associate United Kingdom Danny Blum Partner United Kingdom Victoria Green Legal Director United Kingdom Peter Harper Partner United Kingdom Emily Beighton Senior Associate United Kingdom Connor Atkinson Senior Associate United Kingdom Ele Lovering Partner United Kingdom Sarah Lown Partner United Kingdom Latest Insights
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