Senior Agrees To GBP 1.28 Bln Cash Takeover By Tinicum-Blackstone Consortium

Senior plc agreed to a recommended cash acquisition by Blackstone Inc. and Tinicum Incorporated via newly formed bidder Zeus UK Bidco, valuing the company at approximately GBP 1.275 billion on a fully diluted basis. The deal represents a private-equity take-private transaction backed by the board and is likely to lead to shareholder exit and delisting if completed.

Analysis

Senior plc agreed to a recommended cash acquisition by Blackstone Inc. and Tinicum Incorporated via newly formed bidder Zeus UK Bidco, valuing the company at approximately GBP 1.275 billion on a fully diluted basis. The deal represents a private-equity take-private transaction backed by the board and is likely to lead to shareholder exit and delisting if completed.