Published by Global Banking & Finance Review®
Posted on March 5, 2026
2 min readLast updated: April 1, 2026
Add as preferred source on GoogleU.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.
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 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.
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.
Senior and the other bidders have not yet disclosed the value of the bids.
($1 = 0.7502 pounds)
(Reporting by Sri Hari NS and Aatrayee Chatterjee in Bengaluru; Editing by Tasim Zahid)
Advent International valued Senior Plc at approximately 1.14 billion pounds ($1.52 billion), offering 272 pence per share.
The offer represented a 5.6% premium to Senior's closing price on February 26.
Other interested parties include Tinicum-Blackstone and Arcline Investment Management.
Shareholders could retain a final dividend for fiscal 2025 of up to 2 pence.
Advent has until March 27 to decide whether to make a firm offer.
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