Perella Weinberg Advises H.B. Fuller on 285p Share Bid for Medical Solutions
Perella Weinberg Partners is advising H.B. Fuller on its proposed all-cash 285 pence per share bid for Advanced Medical Solutions with a June 18 put-up-or-shut-up deadline. The mandate follows AMS’s €141.4 million Peters Surgical buy, which spurred a 29% revenue increase to £228.9 million in 2025.
1. Advisory Appointment
Perella Weinberg Partners has been appointed financial adviser to H.B. Fuller in its all-cash proposal to acquire Advanced Medical Solutions for 285 pence per share. PWP will work alongside Goldman Sachs to navigate financial due diligence, valuation, regulatory timing and UK takeover procedures.
2. Bid Terms and Timeline
The proposed transaction values Advanced Medical Solutions at roughly £600 million and carries a put-up-or-shut-up deadline of June 18, 2026 for a binding offer. H.B. Fuller’s 285p-per-share bid follows an earlier unsolicited approach in late April and reflects anticipated cost synergies.
3. Strategic Rationale and Implications
Advanced Medical Solutions strengthened its market position with a €141.4 million acquisition of Peters Surgical, driving a 29% revenue jump to £228.9 million in 2025 and lifting adjusted EBITDA by 24% to £49.9 million. PWP’s involvement underscores confidence in deal completion and secures potential high-value advisory fees upon closing.