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Addleshaw Goddard advises Sanne Group on GBP1.5bn takeover by Apex

Addleshaw Goddard has advised FTSE 250 client Sanne Group on its GBP1.5 billion recommended cash takeover offer by Apex Group. 

The AG team was led by Simon Wood and included corporate associates Jenny Crossan and Vinay Rawal, together with a wider team from the firm’s financial services, antitrust and regulatory teams.

Sanne Group is a leading global provider of outsourced alternative asset and corporate business services. The acquisition by private-equity backed Apex Group would create one of the largest global financial services providers in the alternative assets space.

Wood says: “Private equity interest in UK PLC is a notable feature of the current listed landscape and brings an increased level of scrutiny on a target board  We are delighted to have been able to offer our strategic takeovers experience in helping Sanne deliver this offer for its shareholders at a compelling valuation multiple.”

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