Latham Advises Epiris on Its Proposed Recommended Cash Offer for Gamma Communications plc

Latham & Watkins is advising Epiris on the proposed recommended cash offer by Bradbury Bidco Limited, a newly incorporated company controlled by funds managed and/or advised by Epiris GP III Limited, for the entire issued and to be issued ordinary share capital of Gamma Communications plc.

Under the terms of the acquisition, each Gamma shareholder will be entitled to receive 1,120 pence in cash per Gamma share, valuing the entire issued and to be issued ordinary share capital of Gamma at approximately £1.015 billion on a fully diluted basis.

Gamma Communications is a leading European provider of business-critical communications technology. With over 2,000 employees, Gamma is a FTSE 250 company listed on the Main Market of the London Stock Exchange. The acquisition is intended to be implemented by way of a court-sanctioned scheme of arrangement under part 26 of the Companies Act 2006 and is expected to complete during the first half of 2027, subject to the satisfaction or, where applicable, waiver of the conditions.

The Latham team was led by London corporate partners Paul Dolman, Richard Butterwick, and Suneel Basson-Bhatoa, with associates Chris Ramsey, Katherine Hall, Oliver Smith, Conor Nolan, and Nicole Phung. Advice on financing matters was provided by London partners Hugh O'Sullivan and Tamryn Gallagher, with associates Jorunn Wessmann Wirkola and Andrew O'Neil; on employment and benefits matters by London partner Kendall Burnett, with counsel Kate Crompton; on antitrust matters by Brussels partners David Little and Philipp Studt, with associates James Mathieson and Vincent Reijns; and on tax matters by London partners Helen Lethaby and Aoife McCabe, with associate Aaron Bradley.