US EditionBank note maker De La Rue sold to US private equity in £263m deal
- The London-listed company De La Rue has been sold to Atlas Holdings for £263 million, ending its status as a publicly traded company in London.
- Atlas Holdings' offer is 130p per share, which is significantly higher than De La Rue's stock price that dipped below 50p in mid-2023.
- The deal excludes De La Rue's authentication division, which is being sold separately to Crane NXT for £300 million.
- De La Rue's chairman, Clive Whiley, stated that the deal is a result of profound changes benefiting stakeholders and securing value realisation.
13 Articles
13 Articles
Atlas Capital £236m deal to acquire banknote printer De La Rue - Private Equity Wire
US private equity firm Atlas Capital has agreed to acquire British banknote printer De La Rue in a £263m ($348m) all-cash deal that will see one of the UK’s oldest listed companies in private ownership, according to a report by Reuters. The acquisition, announced on Tuesday, values De La Rue at 130 pence per share, representing a 16% premium to its April 14 closing price. Following the news, De La Rue’s shares jumped nearly 16%, underscoring inv…
Crystal Amber should prosper from De la Rue bid - QuotedData
Crystal Amber has been in wind down mode for some time and its portfolio is dominated by just two investments, one of which is De La Rue. On 10 April, Crystal Amber revealed that it owned 13,859,645 shares in De la Rue or 7.06% of its issued share capital. It also owned derivatives that gave it exposure to a further 17,400,000 shares or 8.86% of the company. Today, there was the following announcement: The boards of directors of ACR Bidco Limite…
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