Ashurst advises Babcock in relation to the sale of FrazerNash Consultancy Limited
19 August 2021
19 August 2021
Headquartered in the UK, Frazer-Nash Consultancy delivers innovative engineering and technology solutions across a broad range of critical national infrastructure, helping to provide assurance to operators and regulators from a network of nine UK and four Australian locations.
The sale forms part of Babcock's targeted disposal programme, which aims to generate at least £400 million of proceeds in the next twelve months.
Completion of the sale is subject to approval by the Australian foreign investment authority.
Partner and Chair of Ashurst, Karen Davies, commented: "It was a pleasure to advise Babcock on this transaction. As a longstanding client of the firm, we were happy to be able to assist them in this strategic transaction which will help the Group to streamline and focus on their key markets."
The Ashurst team is being led by Aaron Shute and Karen Davies, assisted by corporate associates James Powell, Demi Pham, Anxin Hua and Yoana Georgieva. Partner Stuart Dullard and senior associate Harry Marples advised in relation to Australian corporate matters. Partners Neil Cuninghame in London and Melissa Fraser in Sydney and senior associate Danica Barley advised in relation to competition law matters. Partner Tim Gummer and associate Shayaan Zaraq Bari provided tax advice. Partner Chris Bates and associate Matthew Hewitson advised in relation to commercial law matters. Counsel John Gordon and senior consultant Nicholas Stretch and senior associate Rebecca Servian advised in relation to pension and incentive matters.