Ashurst Advised Lazard To Acquire De La Rue

Ashurst Advised Lazard To Acquire De La Rue

The deal valued the entire issued and to be issued share capital worth £263 million

British multinational law firm Ashurst has advised financial services company Lazard on the cash acquisition of printing firm De La Rue.

The deal was made by ACR Bidco Limited, a company indirectly wholly-owned by funds managed and advised by Atlas FRM LLC, doing business as Atlas Holdings LLC.

The acquisition valued the share capital of De La Rue at £263 million.

Lazard acted as financial adviser to Atlas and Bidco.

Atlas was founded in 2002 and is based in Greenwich, Connecticut, USA. The company, and its affiliates, focus on long-term control investments in firms operating across industrial sectors. These include printing, pulp and paper, automated components, food production, power generation and construction.

De La Rue was established 211 years ago. It is trusted by governments and central banks and provides solutions to protect their supply chains and cash cycles from counterfeiting and illicit trade.

Its business comprises two divisions: currency and authentication.

The currency division designs and manufactures highly secure banknotes and components, optimized for security, manufacturability, cash cycle efficacy and public engagement.

The Ashurst team was led by global chair Karen Davies and supported by senior associate Colin Bugler and associates Gareth Mair and Emilia Howard.

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