Ashurst is advising UBS Switzerland AG on the UK aspects relating to the financing of the proposed acquisition of Premier Farnell plc ("Premier Farnell") by Dätwyler Holding AG.

Under the offer, each Premier Farnell shareholder will be entitled to 165 pence in cash for each Premier Farnell share. The offer values Premier Farnell's issued and to be issued share capital at approximately £615 million. The transaction is expected to be completed in the fourth quarter of 2016.

Dätwyler is a focused industrial supplier with leading positions in global and regional market segments, headquartered in Switzerland.  Premier Farnell is a global leader in high service distribution of technology products and solutions for electronic system design, production, maintenance and repair. The Transaction creates a leading high service electronic components distributor in Europe.

The Ashurst team is being led by finance partner Mark Vickers, assisted by senior associate Sophia Yeung and associate Andrew Lowndes. Corporate partner Tom Mercer is also advising on the deal.