backKing & Spalding is representing Atlas Holdings LLC (Atlas), which announced its recommended all cash acquisition of De La Rue plc (De La Rue) (LSE: DLAR) valued at approximately £263 million . The acquisition will be made by ACR Bidco Limited (Bidco), a company indirectly wholly-owned by funds managed and advised by Atlas.
Founded in 2002 and based in Greenwich, Connecticut, Atlas and its affiliates focus on long-term control investments in companies operating across industrial sectors where it has domain expertise, including printing, pulp and paper, automative components, food production, power generation and construction.
Established 211 years ago, De La Rue is trusted by governments and central banks, providing solutions that protect their supply chains and cash cycles from counterfeiting and illicit trade. De La Rue's business is currently made up of two reportable divisions: Currency and Authentication. The Currency Division designs and manufactures highly secure banknotes and banknote components that are optimised for security, manufacturability, cash cycle efficacy and public engagement.
For more information on the deal, please click here.
The King & Spalding team includes Marcus Young, William Morris, and Salomé Cisnal de Ugarte.