Debevoise & Plimpton LLP has advised OCS Group International Limited (“OCS”), a global facilities services business and CD&R portfolio company, in the financing and competition aspects of its recommended acquisition of Mitie.

The proposed acquisition values the entire issued and to be issued share capital of Mitie at approximately £3.1 billion.

Completion is subject to the terms and conditions set out in the Rule 2.7 announcement (here), including approval by Mitie’s shareholders and regulatory approvals.

For more details, see the official release here.

The Debevoise team was led by partners Gregg Young and Timothy McIver, and included partners Alan Davies and Pierre Maugüé, counsel Christine Shu Gilleland, and associates Patrick Dixon, Miles Harrison and Lee Lancaster. In addition to Timothy McIver, competition advice was provided by partner Anne-Mette Heemsoth, associate Megan MacDonald and corporate staff attorney Kayleigh Anderson. Tax advice was provided by partner Cécile Beurrier and associate Weichi Liu. Investment management advice was provided by partners Jonathan Adler and Jason Auerbach, counsel Paul Laszlo and associate Yinan Xuan.