Carillion - Recommended cash acquisition of Eaga

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Slaughter and May is advising Carillion plc, a leading UK support services company, on the recommended cash acquisition of Eaga plc, a leading provider of residential energy efficiency solutions in the UK. The acquisition, together with the declared Eaga interim dividend, values Eaga at approximately £306.5 million.

It is currently intended that the acquisition, which was announced on 11 February 2011, will be implemented by way of a scheme of arrangement pursuant to Part 26 of the Companies Act 2006.

The acquisition provides Carillion with a strong presence in the energy services market and the opportunity to develop the leading independent energy services business in the UK.

Kathy Hughes (partner), Jonathan Edwards (associate), Tohkeel Amin (associate), Michael Corbett (associate), Irina Janakievska (associate); Financing: Steven Galbraith (partner), Phil Hanson (associate); Tax: Steve Edge (partner), Ruth Evans (associate); Pensions: Jonathan Fenn (partner); IP/IT: David Ives (partner); Competition: William Sibree (partner), Christopher Wright (special adviser), Kate Leahy (associate), Paul Walter (associate); Real Estate: David Waterfield (partner), Tim Healey (associate)