Freshfields advises EQT on recommended £9.5 billion cash offer for Intertek

Global law firm Freshfields LLP (‘Freshfields’) is advising Isotope Bidco Limited, a newly formed company majority owned by EQT, on its recommended cash offer for the entire issued, and to be issued, ordinary share capital of Intertek Group plc (‘Intertek’).

Intertek is a leading quality assurance provider to industries worldwide. Intertek’s network of more than 1,000 laboratories and offices in more than 100 countries delivers innovative and bespoke assurance, testing, inspection and certification solutions for its customers' operations and supply chains.

The recommended cash offer was announced on Thursday 18 June 2026 reflecting an offer that values the entire issued, and to be issued, share capital of Intertek at approximately £9.5 billion and implies an enterprise value of approximately £10.9 billion.

The Freshfields team is led by partners Victoria Sigeti, Piers Prichard Jones, Kate Cooper, Mark Brewer, Angus Scott and Lucy Cliff. Leveraged finance and capital markets partners Kate Hatcher, Haden Henderson, Carol van der Vorst and Catalina Ford are leading on debt finance matters and partner James Duncan is advising on hedging matters. Partner May Smith is advising on tax matters. Partners Alice Greenwell and Andrew Murphy are advising on employment and pensions matters.