Leading global law firm, Baker McKenzie, has advised RBC Capital Markets as financial advisor to WSP Global Inc. on the recommended cash offer for Ricardo PLC (“Ricardo”), announced on 11 June 2025.
The recommended acquisition of Ricardo will be made by WSP Group Limited, a wholly owned subsidiary of WSP Global Inc and values the entire issued and to be issued share capital of Ricardo at approximately GPB 281 Million.
Under the terms of the acquisition, each Ricardo shareholder will be entitled GPB 4.30 in cash for each Ricardo share held, representing a 28% premium to the closing price of the Ricardo shares as of 10 June 2025.
The WSP Group is one of the world's leading professional services firms, with approximately 72,600 professionals in over 50 countries, providing engineering, strategic advisory, and science-based expertise to clients in the transportation, infrastructure, environment, building, energy, water, and mining and metals sectors.
Ricardo is a global strategic, environmental, and engineering consulting company, with over 100 years of engineering excellence and approximately 2,700 employees in more than 20 countries. Ricardo provides exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy planning and resilience, environmental adaptation services and safe and smart transport solutions. Its global team of consultants, environmental specialists, engineers, and scientists support customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world.
The Baker McKenzie team was led by Corporate Partner James Thompson and Banking and Finance Partner Ben Wilkinson with support from Senior Associates Cristina Brown (Corporate) and Lana Ahern (Banking and Finance), as well as Associate Akshay Prasad (Corporate) in London.