Recommended offer for Datong plc


Our Mergers & Acquisitions team acted as financial advisor to Seven Technologies Holdings Limited in connection with its recent takeover offer for AIM listed Datong plc. Seven is a leading UK based company in the field of specialist electro-optics and rugged computer systems for use in hostile environments. Datong provides covert surveillance, tracking and location systems to defence, security and law enforcement agencies. The recommended all cash offer valued Datong at £7.3m. and was financed by Seven’s existing cash resources, new bank debt and funds provided by YFM Equity Partners. A significant number of irrevocable undertakings were received from shareholders to accept the offer and the offer was declared unconditional in all respects within four weeks.          

“As our first public to private acquisition, it was essential that we had an experienced advisor to steer us through the process, and BDO delivered in this regard.”      

Richard Moon, Chairman of Seven Technologies Holdings Ltd