Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • List your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / UK government set to approve Cobham takeover

UK government set to approve Cobham takeover

Tue, 19 Nov 2019 | BUSINESS SALE



The British government is poised to approve the $5 billion takeover of defence company Cobham by US private equity firm Advent.

The deal, which was originally announced in July of this year, had been held up while Defence Minister Andrea Leadsom established whether it would pose a risk to national security.

However, the UK government is now minded to accept the deal after Advent made a number of commitments to assuage concerns. These commitments include placing a number of British executives on Cobham’s board, strengthening security at sensitive locations and informing the Ministry of Defence if it decides to sell Cobham in future.

The government will now run a consultation on Advent’s proposals until December 17. The deal would represent the first major takeover of a British company since Boris Johnson became Prime Minister in July.

In a statement, Andrea Leadsom said: “No decision will be taken on whether to accept the undertakings until the consultation has closed and the representations have been carefully considered.”

Shonnel Malani, partner at Advent, said: “Following the CMA’s review, we have worked closely with the Ministry of Defence to construct undertakings that would adequately mitigate against any potential national security risks and we welcome today’s decision by the secretary of state to propose to accept those undertakings, subject to consultation.”

Cobham was launched in the 1930s and now produces technology utilised in aircraft, including the F-35 Joint Strike Fighter and Eurofighter Typhoon, as well as in advanced naval vessels, satellites and military vehicles. The company currently employs around 10,000 people.


Share this article



Latest Businesses for Sale

Civil Engineering & Groundworks Company
Essex, UK Wide

This business provides a comprehensive range of services for construction projects, including civil engineering, groundworks, drainage and sewage works, property development and renewable energy works; it is now for sale.

Asking Price: Offers Invited
Turnover: £5,500,000

Steel Profilers Business
West Midlands, UK

Long-established niche steel profilers based in their own 17,700 sq. ft factory unit in the West Midlands.

Asking Price: Offers Invited
Turnover: £1,500,000

FREEHOLD


Manufacturer Of Materials & Sub-Contract Engineering
Hampshire, South East, UK

Based in Southern England, this is a retirement sale of a long established company with a quality reputation and international customer base.

Asking Price: £190,000
Turnover: £300,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
28
 
Jun
 

Administrators hopeful of finding buyer for Bristol transport firm | ADMINISTRATION

Bristol-based transport, trucking and railroad firm Toogood ...

 
27
 
Jun
 

Administrators seek buyer for listed pharmaceutical company | ADMINISTRATION

Listed pharmaceutical firm 4D Pharma Plc has fallen into adm...

 
24
 
Jun
 

E-commerce imports retailer up for sale for £1.6m | BUSINESS SALE

Deals Incorporated, a Manchester-based e-commerce retailer t...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
18
 
Aug
 

Defence tech firm acquired in £2.6bn deal - CMA to investigate [UPDATED] | BUSINESS SALE

British defence tech supplier Ultra Electronics has been acq...

 
26
 
Apr
 

Chester-based bike seller up for sale | ADMINISTRATION

A firm based near Chester that sells bicycles and cycling ac...

 
16
 
Jun
 

Priory to sell care home business | BUSINESS SALE

The Priority Group, the business behind the celebrity rehabi...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.