Leading international law firm Herbert Smith Freehills has advised long-standing client Stagecoach Group plc (Stagecoach) on the recommended cash offer from Inframobility UK Bidco Limited, a company indirectly wholly owned by Pan-European Infrastructure III, SCSp, an infrastructure fund managed and advised by DWS Infrastructure, valuing Stagecoach at c.£600m.
Stagecoach had previously announced a recommended all share merger with National Express Group plc.
Herbert Smith Freehills has advised Stagecoach for over 25 years across a range of acquisitions and disposals, debt and equity financings, disputes, rail franchises and pensions and competition law matters.
Herbert Smith Freehills' team was led by Corporate partners Ben Ward and Robert Moore, with senior associates Lucy Robson and Harriet Forrest, alongside associates Ruchi Shah and Yusra Jafar.
The wider team included Tim Briggs, Susan Black, Joe Williams and Tom Kemp (CRT), Samantha Brown, Mark Howard and Joe Goddard (Pensions), Paul Ellerman, Mark Ife and Chris White (Incentives), Christine Young, Dave Palmer, Peter Le and Joshua Peters (Employment).
Ben Ward said:
"Herbert Smith Freehills' relationship with Stagecoach stretches back over 25 years and we are pleased to be helping them with a new and exciting chapter".