Baker & McKenzie LLP
06/23/2026 | Press release | Distributed by Public on 06/23/2026 04:16
Baker McKenzie Advising Hena Holdings Ltd on its Mandatory Final Cash Offer for Integrated Diagnostics Holdings plc
Leading global law firm, Baker McKenzie, is advising Hena Holdings Ltd (a company wholly owned by Dr Hend El Sherbini and Dr Moamena Abdul Wahab Kamel) on its mandatory final cash offer for Integrated Diagnostics Holdings plc ("IDH"). The acquisition values the entire issued and to be issued ordinary share capital of IDH at approximately USD 290.7 million.
The acquisition is a mandatory cash offer under Rule 9 of the Takeover Code. The mandatory offer was triggered by the acquisition of a 21.67% stake in IDH by Hena Holdings Ltd from Actis IDH Limited, an entity which is controlled by funds managed by Elliott Investment Management L.P., on which Baker McKenzie is also advising Hena Holdings Ltd. Dr Hend El Sherbini is the CEO Of IDH and, through Hena Holdings Ltd, already held 27.94% of IDH. Following the Elliott transaction, Hena Holdings Ltd. holds 49.61% of IDH.
Led by London Corporate Partner, James Thompson, the Baker McKenzie team has included fellow Partners Hani Nassef (Cairo), Ben Wilkinson (Stockholm) and Tom Quincey (London), supported by associates Ben Saraci, Avni Devgan and Natasha Hassard (all London).
Commenting on the transaction, James Thompson said: "This deal further demonstrates our ability to execute complex Public M&A. Mandatory offers and MBOs are not common in the London market and the nature of the transaction plays to our team's key strengths: complex and multi-jurisdictional M&A. We are delighted to be acting for Dr Hend and for Hena Holdings Ltd. on this project."
The acquisition is a mandatory cash offer under Rule 9 of the Takeover Code. The mandatory offer was triggered by the acquisition of a 21.67% stake in IDH by Hena Holdings Ltd from Actis IDH Limited, an entity which is controlled by funds managed by Elliott Investment Management L.P., on which Baker McKenzie is also advising Hena Holdings Ltd. Dr Hend El Sherbini is the CEO Of IDH and, through Hena Holdings Ltd, already held 27.94% of IDH. Following the Elliott transaction, Hena Holdings Ltd. holds 49.61% of IDH.
Led by London Corporate Partner, James Thompson, the Baker McKenzie team has included fellow Partners Hani Nassef (Cairo), Ben Wilkinson (Stockholm) and Tom Quincey (London), supported by associates Ben Saraci, Avni Devgan and Natasha Hassard (all London).
Commenting on the transaction, James Thompson said: "This deal further demonstrates our ability to execute complex Public M&A. Mandatory offers and MBOs are not common in the London market and the nature of the transaction plays to our team's key strengths: complex and multi-jurisdictional M&A. We are delighted to be acting for Dr Hend and for Hena Holdings Ltd. on this project."
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