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Barnett Waddingham
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Short notice due diligence

Published by Andrew Vaughan on

Our client is a major overseas multinational company who were considering the acquisition of a FTSE100 company with significant defined benefit pension obligations in the UK (circa £2bn).

Barnett Waddingham advice

As with the majority of transactional work, our due diligence needed to be produced at very short notice and delivered to both the client and their investment banks concurrently.  

One unusual aspect of our role was in assisting the potential purchaser to pre-agree its contribution requirements to the pension scheme with the trustees - effectively pre-empting the requirements of the new takeover code.

About the authors

  • Andrew Vaughan

    Andrew advises a range of UK and international businesses on DB pension issues including pension scheme funding, risk reduction exercises, pension benefit design, M&A transactions and accounting disclosures.

    View Biography

  • Nick Griggs

    Nick advises a range of UK businesses on DB pension issues including risk reduction exercises, scheme funding, pension benefit design and accounting disclosures. He also acts as Scheme Actuary to a number of clients.

    View Biography

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