Slaughter and May is advising Essentra plc on the sale of its Filters business

Slaughter and May is advising Essentra plc (“Essentra”) on the sale of its Filters business to a wholly owned subsidiary of Centaury Management Limited, which is owned and controlled by the investment office of the Markus family, for an enterprise value of approximately £262.1m. 

In 2021, Essentra announced the strategic review of its packaging and filters businesses, the goal of which was to become a pure play components business over time. The transaction marks the final step towards that goal.

The transaction is subject to various conditions including a shareholder vote for Essentra. Essentra expects that, subject to the satisfaction and/or waiver (where applicable) of the conditions, completion will occur before 31 January 2023.

Slaughter and May, led by corporate partners Jeff Twentyman and Sally Wokes, have been working closely with the Essentra legal team, led by Jon Green.

Corporate
Jeff Twentyman Partner
Sally Wokes Partner
Warwick Brennand Associate
Julian Ried Associate
Sophie Winton Associate
Benjamin Renshaw Associate
Angus Tyrrell Associate
Khadar Jama Associate
Olivia McCann Associate

Phoebe Robinson / Trainee, Rosie Wilson / Trainee

IP/IT
Laura Houston Partner
Matthew Harman Associate
Reinhardt Biermann Associate
Chaya Kupperman Associate

Ben Eastwood / Trainee

Tax
Gareth Miles Partner
Charles Osborne Partner
Stephanie Mullins Associate
Michelle Blake Associate
Pensions
Daniel Schaffer Partner
Hugh Gittins Senior Counsel
Josh Fennell Associate
Employment and Incentives
Phil Linnard Partner
Richard Surtees Associate
Ellie Wilson Associate
Matthew Ward Associate
Financing
Philip Snell Partner