Ashurst is advising FN Herstal on its recommended cash offer for AIM-listed Manroy plc. The offer values the entire issued and to be issued share capital of Manroy at approximately £16m.

FN Herstal is part of the Herstal Group, a Belgian based designer, manufacturer and distributor of firearms and related accessories for defence, law enforcement, hunting and marksmanship. Manroy is a UK based defence contractor specialising in the supply of weapons systems for land, air and maritime applications and is a long-term approved supplier to the UK Ministry of Defence.

The Ashurst team advising Manroy is being led by corporate partner Tom Mercer, assisted by senior associate Dominic Ross, and associates Matt Sparks and Sarah Leiper. Regulatory advice is being provided by partner Ross Mackenzie and senior associate Alexander Evans.