Slaughter and May is advising Intertek on a recommended all-cash offer by investment funds advised by affiliates of EQT AB and certain minority shareholders

Slaughter and May is advising Intertek Group plc (“Intertek”) on a recommended all-cash offer by Isotope Bidco Limited (a newly formed company to be indirectly controlled by investment funds advised by affiliates of EQT AB, together with certain minority shareholders including subsidiaries of the Abu Dhabi Investment Authority and the Mubadala Investment Company) for the entire issued and to be issued share capital of Intertek. 

Under the terms of the offer, Intertek shareholders will be entitled to receive a total value of £61.077 per Intertek share, comprising cash consideration of £60 and a permitted dividend of 107.7 pence to be paid prior to completion. The total value of the offer values Intertek at approximately £9.5 billion and implies an enterprise value of approximately £10.9 billion. The transaction is to be effected by means of a court-sanctioned scheme of arrangement and is expected to complete in Q4 2026 or Q1 2027, subject to regulatory and shareholder approvals.