Slaughter and May advised Filtrona plc ('Filtrona') on a placing of up to approximately 9.99% of its existing issued ordinary share capital (the 'Placing') which raised £142.7 million. The proceeds of the Placing will be used to support the funding of the acquisition of Contego Healthcare Limited by a subsidiary of Filtrona, FIL International Limited, for approximately £160 million (on a debt free-cash free basis). Completion of the acquisition is conditional on, among other things, clearance from the German competition authorities which is anticipated to be satisfied by mid-April 2013.

The Placing, which was announced on 19 March 2013, was conducted by an accelerated book-building process. Deutsche Bank AG, London Branch, acted as lead manager and bookrunner in connection with the Placing.

In relation to the acquisition, Hengeler Mueller advised on aspects of German law; Lacourte Balas Raquin and Bredin Prat advised on aspects of French law; A&L Goodbody advised on aspects of Irish law, Bonelli Erede Pappalardo advised on aspects of Italian law; and Elvinger, Hoss & Prussen advised on aspects of Luxembourg law.

Contacts

Corporate and Commercial: Jeff Twentyman (partner), Murray Cox (associate), Phoebe Hughes (associate); Tax: Sara Luder (partner), Tom Jarvis (associate), Shofiq Miah (associate); Real Estate: John Nevin (partner), Rachael Ashton (associate); Competition: Michael Rowe (partner), William Turtle (associate)

http://www.slaughterandmay.com/news-and-recent-work/recent-work/recent-…