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3w ago

De La Rue Nears Historic Private Equity Takeover by Atlas Holdings

The 212-year-old banknote printer is in advanced negotiations for a 130p-per-share offer, marking a potential end to its nearly 80-year presence on the London Stock Exchange.

The corporate logo of De La Rue is seen at De La Rue Malta at Bulebel Industrial Estate in Zejtun, Malta April 24, 2018. REUTERS/Darrin Zammit Lupi/File Photo
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De La Rue, which prints notes for the Bank of England, has been in business for 211 years

Overview

  • Atlas Holdings, a US-based private equity firm, is in advanced talks to acquire De La Rue with a 130p-per-share offer.
  • The proposed deal, if completed, would end De La Rue's status as a publicly listed company since its debut in 1947.
  • De La Rue is separately finalizing the £300m sale of its authentication division to US-listed Crane NXT, with proceeds earmarked for debt reduction and pension liabilities.
  • The company has faced years of financial strain and operational challenges, prompting strategic restructuring and asset sales to stabilize its finances.
  • Advisors Lazard and Deutsche Numis are guiding Atlas Holdings and De La Rue, respectively, in this historic takeover process.