Slaughters secures barratt purchase

Slaughter and May client Barratt Homes emerged victorious in the £2.13bn battle for Wilson Bowden, creating a £5bn FTSE100 company. Freshfields Bruckhaus Deringer acted for longstanding client Wilson Bowden. HSBC led the financial advice. Barratt, advised by Kathryn Davis at Slaughters, offered 950p a share in cash for its rival, plus 1.06 Barratt shares for each of Wilson Bowden’s. UBS advised on Barratt’s offer and was co-broker with Credit Suisse. But Barratt was not the only bidder. Wimpey, on a recommendation by JPMorgan, instructed a team led by Guy Norman at Clifford Chance. Its bid was unsuccessful. So, too, an Allen & Overy-advised offer by HBOS, which backed property mogul Tom Hunter. Ashurst scored a role advising David Wilson, who founded the business in 1961 and who still owns two-thirds of a 33 per cent family holding in Wilson Bowden.