London team advises Qatalyst Partners and Wells Fargo on Viavi’s £1bn offer for Spirent

Global law firm Norton Rose Fulbright is advising Qatalyst Partners LP (Qatalyst Partners) and Wells Fargo Securities, LLC (Wells Fargo) as financial advisers to Viavi Solutions, Inc (Viavi) on its £1bn recommended cash offer for Spirent Communications plc (Spirent). Under the terms of the offer, Spirent’s shareholders will receive 172.5 pence per share in cash, as well as retaining a special dividend of 2.5 pence per share.

The Spirent Group is a leading global provider of automated test and assurance solutions for networks, cybersecurity, and positioning.

Viavi is a global leader in communications test and measurement and optical technologies, enabling customer innovation in industries ranging from telecommunication networks, cloud, hyperscale and enterprise data centres to consumer electronics and mission-critical avionics, transportation, aerospace, and anti-counterfeiting systems.

The London-based Norton Rose Fulbright team is being led by corporate partner Paul Whitelock, alongside banking partner, James Dunnett, with support from corporate associates Jess Ong and Seamus Connelly and banking counsel, Sunny Wong.