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.