Deutsche Numis is acting as sole financial adviser and joint corporate broker to De La Rue PLC on its recommended acquisition by Atlas Holdings LLC
We are acting as sole financial adviser and joint corporate broker to De La Rue PLC on its recommended acquisition by Atlas Holdings LLC. The offer values the ordinary share capital of De La Rue at approximately £263m, and each share at 130 pence in cash, and represents the end of the formal sales process under the Takeover Code.
This follows on from Deutsche Numis’ role in the £300m disposal of De La Rue’s authentication division that was announced in October 2024, and has now completed.
Established over 210 years ago, De La Rue is listed on the London Stock Exchange. The company designs and manufactures highly secure banknotes and banknote components that are optimised for security, manufacturability, cash cycle efficacy and public engagement. It is the only fully integrated provider of polymer substrate, security features and banknotes, supplying to over half of the issuing authorities around the world.
Atlas’s core investment strategy is to acquire industrial companies that have a clear “reason to exist”, but which may be under-appreciated by other owners or the public equity markets. Often this involves companies operating in mature markets with limited growth prospects and/or cyclical cash flows with which other investors are uncomfortable.
The Deutsche Numis deal team is delighted to have been a long-term, trusted adviser to De La Rue through its two-year strategic review and formal sales process, balancing at times competing stakeholder interests to deliver a great outcome. Jonathan Wilcox, Head of Industrials, Deutsche Numis.
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We are acting as sole financial adviser and joint corporate broker to De La Rue PLC on its recommended acquisition by Atlas Holdings LLC. The offer values the ordinary share capital of De La Rue at approximately £263m, and each share at 130 pence in cash, and represents the end of the formal sales process under the Takeover Code.
This follows on from Deutsche Numis’ role in the £300m disposal of De La Rue’s authentication division that was announced in October 2024, and has now completed.
Established over 210 years ago, De La Rue is listed on the London Stock Exchange. The company designs and manufactures highly secure banknotes and banknote components that are optimised for security, manufacturability, cash cycle efficacy and public engagement. It is the only fully integrated provider of polymer substrate, security features and banknotes, supplying to over half of the issuing authorities around the world.
Atlas’s core investment strategy is to acquire industrial companies that have a clear “reason to exist”, but which may be under-appreciated by other owners or the public equity markets. Often this involves companies operating in mature markets with limited growth prospects and/or cyclical cash flows with which other investors are uncomfortable.