Advising Renold plc on acquisition by MPE Bidco

The transaction, structured as a UK scheme of arrangement, will see MPE combine Renold—an AIM-quoted manufacturer of industrial chains and transmission systems—with its portfolio company Webster Industries to create a global leader in power transmission. The board of Renold intends unanimously to recommend that shareholders vote in favour of the deal. We are advising Renold on all aspects of the transaction, including public M&A, employee incentives, and regulatory matters. Completion is expected in the final quarter of 2025, subject to shareholder and regulatory approvals.
 
The team is led by Steve Nash (Partner, Corporate), with support from Annika Unsworth, Dani Pym and Nicole Woo (Corporate), Daniel Blum, Victoria Green and Brittany Dodds (Incentives), Peter Harper, Cathryn Horton, Emily Beighton and Charlotte McBride (Regulatory, Antitrust and FDI), Barney Smedley and Connor Atkinson (Restructuring), Ele Lovering and Sarah Lown (Pensions), and Daniel Hall, client partner for Renold plc.
 
Daniel Hall, client partner for Renold plc, commented:
“We are delighted to continue supporting Renold as it takes this transformative step. This transaction represents a strong endorsement of the business and its long-term strategy.”
 
Steve Nash, lead partner, added:
“We’re proud to support Renold on this landmark transaction, which marks a significant milestone in its growth journey. The deal demonstrates continued confidence in UK industrial businesses with global reach. It’s been a pleasure working alongside the Renold team on this important step forward.”