11/07/2025
We’re delighted to have helped Renold PLC with its US$254m cross-border acquisition by MPE Bidco, a newly formed corporation backed by U.S. private-equity firm MPE.
Renold, the UK-based world-leading supplier of industrial chains and related power-transmission products, said the offer represents a 50% premium to Renold's closing price on May 19, the day before the offer period began, and has the backing of Renold's board.
MPE intends to combine Renold with its portfolio company Webster Industries Inc, aiming to create a global leader in automation, material handling, and power transmission. It said Renold's international footprint, customer base, and engineering capabilities make it a natural fit with Webster.
Renold Chair David Landless said: “The Renold board believes that the offer not only represents a significant premium and provides shareholders with the certainty of a cash consideration but also provides an opportunity to deliver on our strategy more quickly,”
The transaction will be implemented via a scheme of arrangement and is expected to be completed in the final quarter of 2025, subject to shareholder and court approval.
Our thanks to our wonderful clients at Renold PLC, legal advisors Eversheds Sutherland and financial advisors Peel Hunt, Moelis and JP Morgan.
If you’d like to find out how we can ensure the success of your most critical M&A transactions, chat with us today: hello@blackandcallow.com
