IFLR1000

Fideility $570 million acquisition of Colt Group

19/6/2015
Public acquisition
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£ 570 million

$ 713.526 million

Announced

19/6/2015

Overview:

  • Fidelity has made a £570 million bid for the remaining shares in Colt Group through subsidiary Lightning Investors.
  • Fidelity already owns 62% percent of Colt.
  • Barclays is advising Colt as financial adviser with JPMorgan Chase advising Fidelity.

Sam Duke - Editor

Jurisdictions:

United States
United Kingdom

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:
Skadden Arps Slate Meagher & Flom

Party: Fidelity (Acquirer)

Lawyer: Linda Davies (retired)

Slaughter and May

Party: Colt Group (Target)

Lawyer: William Underhill (retired)

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