Lincoln International Advises Williams Lea Holdings plc on Recommended Cash Offer by Deutsche Post AG valued at approximately £200 million
LONDON, April 29, 2008 Deutsche Post AG (DB: DPW), a logistics group offering tailored, customer-focused solutions for the management and transport of goods, information and payments based in Bonn, Germany, has completed a recommended cash offer, valued at approximately £200m, to acquire the minority shareholdings in Williams Lea Holdings plc ("WLH"), a Business Process Outsourcing provider of customised corporate information solutions to organisations worldwide. Lincoln International, a leading global mid-market investment bank, advised the Independent Directors of WLH on DPW's offer.
The offer was made to accelerate DPW's planned acquisition of the remaining minority shares it did not already own. Furthermore, DPW offered WLH shareholders an opportunity to take advantage of the prevailing capital gains tax regime in the U.K. before recent changes which increased the capital gains tax rate to 18%.
WLH, with over 8,400 employees globally, strives to change the way organisations communicate and exchange their printed and electronic information with internal and external audiences. It enhances the integrity, value and power of its clients' corporate information and the way it is shared. WLH partners with some of the world's leading organisations to create customised solutions which manage corporate information in a strategic, structured and holistic way. The result is that they can help clients to be more successful, improving their profitability, enhancing their customer experience and reducing their risk.
This £200m transaction was led out of Lincoln International's recently opened London office (which launched in January 2008). The global firm employs more than 100 bankers and has offices in Chicago, Frankfurt, Los Angeles, London, Madrid, New York, Paris and Vienna. Lincoln International completed 74 assignments in 2007.
About Williams Lea
Williams Lea Limited provides customised corporate information solutions to organisations worldwide. It offers marketing communications solutions, such as design; DTP/word processing/presentation services; multimedia/Internet/Internet development; enterprise content management; print and campaign management; fulfillment and distribution; and warehousing, stock management, and logistics solutions. The Company also provides customer correspondence solutions, including mailroom management/digital mailroom; micrographics; document composition; statement/variable data printing; and scanning, indexing, and data capture solutions. In addition, it offers office document solutions, such as records and information management, central reprographics, multi functional devices/fleet management, mail and messenger management/digital mailroom, fax management, courier management, messenger services, operational print management, and litigation support services. The company serves legal, banking, financial services, pharmaceuticals, automotive, retail, professional, telecommunications, energy and utilities, corporate, and library industries in Europe, the United States, and Asia Pacific. It has operating centers in London, the United Kingdom; Dublin, Ireland; Paris, France; Frankfurt, Germany; New York, New York; Chicago, Illinois; Los Angeles, California; Tokyo, Japan; Sydney, Australia; Hong Kong, Hong Kong; Beijing, China; and Chennai, India. The company was founded in 1820 and is headquartered in London, the United Kingdom.
About Lincoln International
Lincoln International specialises in merger and acquisition services, private capital raising, and providing fairness opinions and valuations for leading organisations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris and Vienna, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge and contacts in the key global economies. The organisation provides clients with senior-level attention, in-depth industry expertise, and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information can be found at www.lincolninternational.com
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