Agility / NAS Agrees Recommended Cash Offer for John Menzies plc

March 30, 2022

Agility Public Warehousing Company (through its NAS subsidiary and a wholly owned Bidco) has agreed a recommended all-cash offer to acquire 100% of John Menzies plc at 608 pence per share, valuing Menzies at about £571 million equity (≈£763 million enterprise value). The combination of NAS and Menzies will create a global aviation services leader with expanded geographic reach, scale and capabilities; completion was expected in Q3 2022 subject to shareholder and regulatory approvals.

Buyers
Agility Public Warehousing Company K.S.C.P., National Aviation Services (NAS)
Targets
John Menzies plc
Sellers
John Menzies plc shareholders
Industry
Transportation
Location
Scotland, United Kingdom
Transaction Type
Buyout

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