July 15, 2019

Milbank Advises Goldman Sachs Merchant Banking Division on Cash Acquisition of Tarsus Group plc.

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Milbank LLP is advising Goldman Sachs Merchant Banking Division on the financing for the recommended cash acquisition by a wholly-owned indirect subsidiary of the funds advised by Charterhouse Capital Partners LLP of the entire issued and to be issued ordinary share capital of Tarsus Group plc. The Tarsus Group plc. focuses on global exhibitions.

Charterhouse Capital Partners LLP is one of the longest established private equity firms operating in Europe. They follow a selective, conviction-led approach to investing in high-quality mid-market European companies. Their announced cash bid for Tarsus Group plc., valuing the LSE-listed media firm at about £561 million, comes as private equity firms are increasingly seeking out listed companies in Europe in so-called “take-private deals.”

Milbank’s team was led by European Leveraged Finance/Capital Markets partner Suhrud Mehta, with special counsel Miko Bradford and Trevor Truman and associates Andrew Bechtel, Joseph Richmond, Laura Bonamis, Francesca Mosely, and Jessica Savoie. The team also included Corporate associate Andrew Reilly and Tax associate James Seddon.