Senior plc Accepts £1.28bn Tinicum-Blackstone Takeover

Senior plc board approved a cash takeover by Zeus UK Bidco, backed by Tinicum and Blackstone, at £1.28 bn valuation.
Shareholders will receive 300 pence per share (297.85 p cash + 2.15 p dividend), a 36.6% premium to six‑month VWAP.
The deal values Senior at £1.28 bn equity (£1.40 bn EV), equating to 15.2× EBITDA and 22.0× operating profit FY2025.
Irrevocable voting undertakings secure ~17.9% of shares for the consortium, with scheme expected within 28 days pending shareholder approval.