Global law firm Ashurst Perkins Coie is advising J.P. Morgan Securities plc, as financial adviser, on the recommended cash acquisition of Gooch & Housego plc by Greenlight Bidco Limited, owned indirectly by Arlington Capital Partners ('Arlington').
Gooch & Housego plc is a world leading photonics engineering group with a broad offering of mission-critical photonics and high-precision optical subsystems, increasing momentum in its aerospace & defence portfolio, and exposure to an attractive set of end-market segments, geographies, and customers.
Arlington has an extensive track record of investing in high quality, highly engineered and mission-critical companies in the aerospace, defence, life sciences and broader regulated sectors, bringing highly relevant expertise in the sectors within which Gooch & Housego operates. Over the past 27 years, Arlington has completed over 200 transactions and currently manages 24 portfolio companies, most of which participate in Gooch & Housego end markets.
The transaction values Gooch & Housego's entire issued, and to be issued, ordinary share capital at approximately £345.6 million on a fully diluted basis and implies an enterprise value of £400.5 million and a multiple of approximately 25.9 x Gooch & Housego's adjusted operating profit for the twelve-month period ended 31 March 2026.
The Ashurst Perkins Coie team is being led by partner Tom Mercer with support from partner Darren Phelan and associates Gareth Mair and Marisa Muramatsu.
