Firms cash in on Enodis selloff

Ashurst and Hammonds have joined the £1bn takeover battle for kitchen equipment maker Enodis. The London-listed company, advised by Ashurst corporate partners Richard Gubbins and Anthony Clare, has received a £1.03bn cash offer from Illinois Tool Works (ITW). ITW has turned to Hammonds corporate partners Giles Distin, Jane Haxby, Richard Burns and Simon Gordon to oversee the bid, which is set to be approved by the Enodis board. Kirkland & Ellis and Ropes & Gray are also providing ITW with advice on US matters, while the lending bank, UBS, is being advised by Freshfields Bruckhaus Deringer and Latham & Watkins.