Global law firm Ashurst is advising Morgan Stanley & Co. International plc and Merrill Lynch International on the approximately £4.46 billion recommended cash offer for the entire issued and to be issued ordinary share capital of Dechra Pharmaceuticals plc ("Dechra") by Freya Bidco Limited. Freya Bidco is a newly formed company to be indirectly owned by (i) EQT Funds and (ii) Luxinva S.A. (a wholly owned subsidiary of the Abu Dhabi Investment Authority).

The cash consideration payable by Freya Bidco is priced in pounds sterling. Dechra is a global developer, manufacturer and supplier of products to service the veterinary profession worldwide. EQT is a leading global private markets investor focused on active ownership, founded in Sweden nearly three decades ago. ADIA's purpose is to receive funds of the Government of Abu Dhabi allocated for investment and to invest those funds for the benefit of the Emirate of Abu Dhabi.

Morgan Stanley & Co. International plc and Merrill Lynch International are acting as joint financial advisers to EQT, Luxinva and Freya Bidco.

The Ashurst team is being led by partners Karen Davies, Tim Rennie and Harry Thimont, supported by counsel Darren Phelan, senior associates Maria McAlister, Connor Lovie and Liam Stoneley, associates Millie Gibbs, Kseniia Samokhina, Aaron Koh, Gareth Mair, Roshni Mehra, Jasmine Fox, Abby Buchan and Ellie Wilson and trainees/apprentices Sophie Hensher, Sasha Sawant and Alexandra Riley-Joseph.

...ENDS...

For further media information/interview opportunities please contact:

Kirstin Munro

T +44 (0)20 7859 2448 / +44 (0)7799 830 185

E kirstin.munro@ashurst.com

Notes to editors:

Ashurst is a leading international law firm with world class capability and a prestigious global client base. The firm's in-depth understanding of its clients and commitment to providing exceptional standards of service has seen it become a trusted adviser to local and global corporates, financial institutions and governments on all areas of commercial law. The firm's people are its greatest asset and it brings together lawyers of the highest calibre with the technical knowledge, industry experience and regional know-how to provide the incisive advice clients need.

Ashurst has 31 offices in 18 countries and offers the reach and insight of a global network, combined with the knowledge and understanding of local markets. With over 450 partners and a further 1,800 lawyers working across 11 different time zones, the firm is able to respond to clients wherever and whenever required. As a global team, Ashurst has a reputation for successfully managing large and complex multi-jurisdictional transactions, disputes and projects and delivering outstanding outcomes for clients.

.

(C) 2023 M2 COMMUNICATIONS, source M2 PressWIRE