Deal activity bounces back as HML set to be acquired by BDB nominees

Deal activity bounces back as HML set to be acquired by BDB nominees

On 30 July, HML Holdings plc announced that it had agreed to the terms of a cash offer by BDB Nominees limited, a vehicle acquiring the company on behalf of investors Harwood Capital LLP. Harwood Capital is acquiring the company on behalf of one of its investment management clients, Harwood Private Equity V L.P, who will ultimately own BDB and HML upon completion of the acquisition.

The offer values HML at £19.1 million, a 27% premium on its closing price as of 29 July 2020, and a 44.5% premium on its 3 month volume weighted average price.

Excluding

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Market Tracker is a unique service for corporate lawyers housed within Lexis®PSL Corporate. It features a powerful transaction data analysis tool for accessing, analysing and comparing the specific features of corporate transactions, with a comprehensive and searchable library of deal documentation across 14 different deal types. The Market Tracker product also includes news and analysis of key corporate deals and activity and in-depth analysis of recent trends in corporate transactions.