Funds managed by EMK Capital LLP entered into an agreement to acquire unknown majority stake in Williams Advanced Engineering from Williams Grand Prix Holdings PLC (XTRA:WGF1) for £47.7 million on December 24, 2019. Williams Grand Prix Holdings will continue to retain a significant minority interest in the WAE business with the fresh funds being used to support and accelerate long term growth in Williams Advanced Engineering including the commercialization of various technology opportunities. The transaction is expected to conclude within the next few weeks. Lazard & Co., Limited acted as financial advisor to Williams Grand Prix Holdings PLC and Dial Partners LLP acted as financial advisor to EMK Capital LLP in the transaction. Vedder Price acted as legal advisor to EMK Capital LLP.