News & Events

The Firm is representing Melrose Industries PLC, a UK-based FTSE 250 company, on the sale of Bridon Limited (“Bridon”) to Ontario Teachers’ Pension Plan Board for an enterprise value of £365 million, on a debt and cash-free basis, subject to customary adjustments. 

Bridon designs and manufactures a comprehensive range of lifting and stabilising solutions for applications in wire rope, fibre rope, steel wire and strand. Bridon services global customers in the oil & gas, mining, industrial, marine and infrastructure sectors. 

The sale was announced on October 11, 2014 and is conditional upon, amongst other things, obtaining anti‐trust clearances, and is targeted for completion during 2014.

The Simpson Thacher team for the transaction included Adam Signy, Tom Merrifield and Aled Knights (Corporate); Euan Gorrie and Manas Chandrashekar (Credit); and David Vann, Étienne Renaudeau and Tara Kelly (Competition-M&A ).