Legal Business

Magic Circle firms lead on £615m Swiss takeover of British electronics company

Allen & Overy (A&O) and Slaughter and May have advised on the acquisition of British electronics company Premier Farnell by Swiss manufacturer Dätwyler for £615m.

A&O advised Leeds-based Premier Farnell, while Slaughters acted for Dätwyler on the transaction.

Announced in June, the deal sees London-listed Premier Farnell, which produces the Raspberry Pi single-board minicomputer, join the Swiss multinational. The deal is expected to be completed in the fourth quarter of 2016.