Firms: Herbert Smith Freehills (Macquarie Capital); Macfarlanes (Spectris plc)
Deal: Macquarie Capital has agreed to acquire a 50 per cent stake in environmental monitoring solutions business, EMS B&K, from Spectris plc.
Area: M&A, technology
Key players: HSF partner Mark Currell led the corporate team advising Macquarie Capital. Senior associate and Jacob Kahwaji and solicitor Marcus Berghouse assisted with the deal.
Partner Damien Bailey led the technology aspects of the transaction with the support of senior associate Kwok Tang and solicitors Danielle McCarthy and George Psaltis.
Deal significance: Spectris plc, a leading instrumentation and controls company headquartered in the UK, has sold a 50 per cent stake in EMS B&K to Macquarie Capital. The transaction required wide ranging specialist expertise across multiple jurisdictions, including in the areas of mergers and acquisitions, IT, intellectual property and employment.
EMS B&K is an environmental monitoring solutions business that supplies environmental monitoring hardware and software services, including technology for measuring and managing sound and vibration, to the transport, infrastructure, mining and other industries. Its operations are headquartered in Melbourne, Australia and span Europe, US, Latin America and Asia.
According to HSF, the deal will establish a joint venture between Macquarie Capital and Spectris in relation to the future operation of the EMS B&K business.