DLA Piper advises £450m acquisition
The Birmingham office of law firm DLA Piper has advised Intertek Group on its £450m acquisition of Moody International.
Intertek is funding the acquisition entirely in cash from new and available debt facilities.
The DLA Piper team advising Intertek was led by Birmingham-based corporate partners Noel Haywood, John Campion and Charles Cook, together with solicitors Nigel Cooke and Mike Jackson.
The deal is conditional upon competition clearances in certain countries, which is expected to be obtained in April, with the transaction to be completed immediately after.
Noel Haywood, partner at DLA Piper in Birmingham, said: "Intertek are a highly valued client of DLA Piper so we were thrilled to be able to help them with this strategic acquisition."
Intertek provides quality and safety services across the globe.
Mike Marshall, Vice President of Corporate Development at Intertek, said: "This deal marks an important stage in the development of Intertek and we are pleased to have done it with DLA Piper."
Rothschild is acting as financial adviser to Intertek.
