Deal facts
- Buyer
- Drax Bidco
- Target
- HEIT
- Deal value
- Not disclosed
- Announced
- 30 May 2025
- Status
- Abandoned
- Sector
- Real Estate
- Country
- United Kingdom
- Consideration
- cash
Sources
Drax Bidco has agreed to acquire HEIT in a strategic acquisition. The transaction involves a cash consideration structure and targets a company based in Great Britain. The deal was announced on 30 May 2025. No specific financial value was disclosed for the transaction. The target operates within an unspecified sector at the time of the announcement.
The transaction has since been abandoned. No completion date was recorded before the deal was terminated. Regulatory approval was never sought as the parties did not proceed to finalise the agreement. The status remains concluded without a completed exchange of ownership. This outcome leaves the management team of HEIT without a new owner following the failed negotiations. The parties have not provided further details regarding the reasons for the termination of the process.
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1 update- AbandonedClosed
Drax Bidco to acquire HEIT
{ "headline": "Offer Lapsed", "issuer": "Drax Group (DRX)", "announcement_date": "2025-05-30T07:00:00", "category_code": "Other M&A", "body": "FOR IMMEDIATE RELEASE \n\n \n\n \n\n 30 May 2025 \n\n \n\n \n\n DRAX BESS HOLDCO LIMITED (\"DRAX BIDCO\") \n\n \n\n Lapse of Drax Bidco's offer for HEIT \n\n Further to the announcement made by Drax Bidco, a wholly-owned subsidiary under
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Buyer history
Drax Bidco
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