Global law firm Ashurst is advising Ricardo Plc on its £281 million recommended takeover by WSP UK, a wholly owned subsidiary of WSP Global.
Pursuant to the agreed terms of the acquisition, which is being implemented as a statutory scheme of arrangement, Ricardo shareholders will be entitled to receive 430 pence in cash per Ricardo share.
WSP Global is the ultimate parent company of the WSP Group, one of the world's leading professional services firms, with approximately 72,600 professions in over 50 countries, uniting its engineering, advisory and science-based expertise to shape communities to advance humanity. The WSP Group provides strategic advisory, engineering, and design services to clients in the transport & infrastructure, earth & environment, property and buildings, and power and energy sectors.
Ricardo plc is a public limited company registered in England and Wales and is listed on the Official List of the London Stock Exchange. Ricardo is a global strategic, environmental, and engineering consulting company, with over 100 years of engineering excellence and approximately 2,700 employees in more than 20 countries. Ricardo provides exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy planning and resilience, environmental adaptation services and safe and smart transport solutions. Its global team of consultants, environmental specialists, engineers, and scientists support customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world.
The Ashurst team is being led by partners Tom Mercer and Duncan Liddell together with senior associates Maria McAlister and Millie Gibbs, along with counsel John Papadakis, senior adviser Jade Jack, senior associates Lyudmyla Bashynska, Louise Johnson, Marianna Kennedy, Dylan McIntyre and Jasmin O'Reilly and associates Michael Choi, Gareth Mair, Victoria Padley, Simran Lamba and Zachary Matthews. Partner Ruth Buchanan, counsel John Gordon, senior associate Hannah Martin and associate Ella Stokes are advising on employment and pension aspects, and partner Lynn Dunne, senior associate Paul Ryan-Brown and associate Isabelle Jackson-Martin are assisting with advice on the scheme of arrangement process.
