Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Compagnie Générale des Établissements Michelin SCA, a global leader in tire manufacturing, on its recommended all-cash offer for London-listed Fenner plc (‘Fenner’).

Fenner is a world leader in conveyor belts and reinforced polymer technology based in Hessle, England. The acquisition values Fenner at approximately £1.3 billion and is conditional on the receipt of shareholder, regulatory and court approvals.  It is expected to close in the second quarter of 2018.

The Freshfields team is being led by partners Stephen Hewes in London and Olivier Rogivue in Paris.