Herbert Smith Freehills Kramer and Gibson Dunn have scored the lead roles in the latest take-private of a London-listed company, as US sponsor Veritas Capital agrees to acquire FTSE 250 industrials company Bodycote.
The board of Bodycote – which provides heat treatment and specialist metallurgical services, and which has been listed in London for more than 50 years – has agreed to a takeover offer from Veritas valued at around £1.85bn, including debt.