Finance
Advent says rejected senior bid valued UK engineer at $1.52 billion
Published by Global Banking & Finance Review®
Posted on March 5, 2026
2 min readLast updated: March 5, 2026
Quick Summary
U.S. private equity firm Advent International made a takeover proposal for UK aerospace firm Senior plc valuing it at £1.14 billion ($1.52 billion), comprising 270p cash plus up to 2p dividend; Senior rejected the bid and Advent has until March 27 to decide under UK takeover rules.
Advent's $1.52 Billion Takeover Bid for Senior Plc Rejected
Overview of the Rejected Takeover Proposal
Details of Advent International's Offer
March 5 (Reuters) - U.S. private equity firm Advent International has disclosed its rejected takeover proposal for British aerospace engineering firm Senior Plc valuing the company at approximately 1.14 billion pounds ($1.52 billion), or 272 pence per share.
The proposal was for 270 pence per share in cash, plus the right for shareholders to retain a final dividend for fiscal 2025 of up to 2 pence.
Advent's offer represents a 5.6% premium to Senior's closing price on Feb. 26, the day before Advent made the approach.
Advent's Position and Timeline
Advent confirmed it was among the parties interested in Senior and has until March 27 to decide whether to make a firm offer under UK takeover rules.
Competing Bidders and Market Context
Other Interested Parties
Senior, an aircraft parts supplier to Boeing and Airbus, said in February it had received five proposals.
Three bidders were identified at the time, Advent, Tinicum-Blackstone and Arcline Investment Management.
Disclosure of Bid Values
Senior and the other bidders have not yet disclosed the value of the bids.
Additional Information
($1 = 0.7502 pounds)
(Reporting by Sri Hari NS and Aatrayee Chatterjee in Bengaluru; Editing by Tasim Zahid)
Key Takeaways
- •Advent’s bid values Senior at ~272p/share including dividend, a 5.6% premium to the Feb 26 share price, but the board has rejected it.
- •Senior has received five takeover approaches, with Advent, Arcline and a Tinicum‑Blackstone consortium confirmed as bidders.
- •Under the UK Takeover Code, Advent must either make a firm offer or withdraw by March 27—triggering the 28‑day “put up or shut up” deadline.
Frequently Asked Questions about Advent says rejected Senior bid valued UK engineer at $1.52 billion
1What was the value of Advent's rejected takeover proposal for Senior Plc?
Advent International valued Senior Plc at approximately 1.14 billion pounds ($1.52 billion), offering 272 pence per share.
2What premium did Advent's offer represent over Senior's share price?
The offer represented a 5.6% premium to Senior's closing price on February 26.
3Which other parties expressed interest in acquiring Senior Plc?
Other interested parties include Tinicum-Blackstone and Arcline Investment Management.
4What right did the rejected Advent offer give to Senior shareholders?
Shareholders could retain a final dividend for fiscal 2025 of up to 2 pence.
5When is the deadline for Advent to make a firm offer under UK takeover rules?
Advent has until March 27 to decide whether to make a firm offer.
