Slaughter and May is advising HomeServe plc (“HomeServe”) on a recommended cash acquisition of the entire issued and to be issued share capital of HomeServe by Hestia Bidco Limited, a newly formed company indirectly owned by investment funds advised by Brookfield Infrastructure.
Under the terms of the acquisition, each HomeServe shareholder will be entitled to receive 1,200 pence in cash for each HomeServe share. The acquisition values the entire issued and to be issued share capital of HomeServe at approximately £4,077 million and is expected to complete in the fourth quarter of 2022, subject to receipt of shareholder, antitrust and regulatory approvals.
The acquisition is intended to be effected by a court-sanctioned scheme of arrangement.
Headquartered in the United Kingdom, HomeServe is a multinational group specialising in home repairs and improvements. It is focussed on its goal of making home improvements easy for homeowners and tradespeople alike. It has over 30 years of experience in delivering a world-class service to its customers.
Slaughter and May is working closely with the in-house legal and company secretarial team at HomeServe, led by Emma Thomas (Group General Counsel) and Anna Maughan (Company Secretary).
Fathima Muinudeen / Trainee, Hayley Blair / Trainee, Charlie Channer / Trainee, Ivo Trice / Trainee