Slaughter and May is acting for Marlowe on a possible offer to acquire Restore

Slaughter and May is acting for Marlowe plc in relation to a Possible Offer to acquire all of the issued and to be issued share capital of Restore for 530p per Restore ordinary share. The combination would create a business of scale delivering a broad spectrum of business-critical services and software to UK organisations, addressing their compliance and information management requirements. The Possible Offer values the entire issued and to be issued share capital of Restore at £743m on a fully diluted basis. Restore shareholders would own approximately 49% of the combined group and would be major participants in the potential future value creation within the combined group.

Two offer proposals have been made by Marlowe to the Restore Board. Both proposals were made over the last few weeks and have been rejected.

Marlowe is a UK leader in business-critical services and software which assure safety and regulatory compliance. Restore is the UK's leading provider in integrated information and data management, technology recycling, and commercial relocation services. Both companies are AIM-listed.

Corporate
Andy Ryde Partner
Andrew Jolly Partner
Sonya Mononen Associate