Ashurst is advising Cape plc, the premium-listed international provider of critical industrial services principally to the energy and natural resources sectors, on its recommended £332 million takeover by a wholly-owned subsidiary of Altrad Investment Authority SAS, a private French company founded by Mohed Altrad and which is one of the leading global provider of industrial services, scaffolding solutions and light construction equipment in the civil and industrial sectors. 

The offer values the entire issued and to be issued ordinary share capital of Cape at up to approximately £332.3 million on a fully diluted basis (subject to the extent to which options are exercised).

The Ashurst team is being led by corporate partners Adrian Clark and Dominic Ross, assisted by associate Harry Thimont and solicitor Sara Hamzawi. Partner Nigel Parr is providing competition advice, assisted by senior associate Chris Eberhardt, and associate Antonia Bussey. Incentives advice is being provided by counsel David Baxter and associate Rebecca Servian.