Ashurst is advising Smith Square Partners on the proposed takeover of Sepura plc by Hytera Communications Corporation Limited, announced today. The takeover, which is being implemented as a statutory scheme of arrangement, values the entire issued and to be issued ordinary share capital of Sepura at approximately £74 million.

Sepura is a leading global provider of critical communications solutions used by a wide range of public safety and commercial organisations.

Hytera, whose shares are listed on the Shenzhen Stock Exchange, provides complete and customised communication solutions to clients in government, public security, utility, transportation and enterprise sectors across more than 120 countries and regions across the world. Hytera's global sales network includes 30 branches in, amongst others, the USA, UK, Germany, Australia and Brazil, over 600 partners across the world and a research and development team of over 1,200 engineers in five research centres.

Smith Square Partners are acting as financial adviser to Hytera in relation to the transaction.

The Ashurst team is being led by corporate partner Tom Mercer and finance partner Tim Rennie with finance counsel Shanan Dunstan.