Global law firm Ashurst Perkins Coie is advising Rothschild & Co, as financial adviser, on the cash offer for Harworth Group plc (‘Harworth’) by Peel Pepper (UK) Limited (‘Bidco’).
Harworth owns and manages a portfolio of assets predominantly comprising modern industrial and logistics investment properties and strategic land holdings, located principally in the North of England and the Midlands. Bidco is indirectly wholly-owned by Peel Holdings Group Limited and forms part of the wider Peel Group. The Peel Group has over 50 years’ experience investing in, and managing, land and property regeneration schemes across the UK and holds significant existing strategic land interests, together with a diversified platform spanning real estate and infrastructure. The offer values Harworth’s entire issued and to be issued share capital at approximately £582.88 million.
The Ashurst Perkins Coie team is being led by Tom Mercer and Colin Bugler supported by associate Sylvia Lloyd-Morris.
