The firm is fielding a team led by corporate partners Giles Distin and Jane Haxby on the £1.03bn acquisition, acting alongside Kirkland & Ellis and Ropes & Gray, which are providing
Ashurst is advising long-standing client Enodis with City corporate partners Richard Gubbins and Anthony Clare leading.
Freshfields Bruckhaus Deringer advised UBS as ITW’s financial adviser, while Latham & Watkins advised the Swiss lender as arranger of the bank financing.
ITW’s offer usurps a previous offer by US-based The Manitowoc Company announced last month, which valued Enodis at £955m. The board has subsequently recommended the higher bid.
Distin said: “We have worked on a number of deals for ITW but we have not done a deal this sizable for them before. It is great to be involved in their largest
ITW manufactures commercial food equipment as well as industrial packaging, construction products and electronics.
Enodis makes kitchen equipment for clients including McDonalds and Starbucks and has manufacturing facilities in North America, the
