Slaughter and May advise De La Rue plc on pensions aspects of strategic reshaping and public takeover

Slaughter and May is advising De La Rue plc on the pension aspects of both the sale by De La Rue of its Authentication business to Crane NXT (announced in October 2024 and expected to close on 1 May 2025) and a recommended takeover by scheme of arrangement (announced on 15 April) by Atlas Holdings, US private equity investor (expected to close in mid-2025).

The transactions have involved working closely with, amongst others, PwC’s pensions covenant team, Kevin Rusling (Corporate Development and Strategy Officer) and Clive Whiley (Chairman).