Jardine Matheson Group is proposing to acquire all the remaining shares of Mandarin Oriental it does not already own for USD4.2 billion, with Linklaters and Slaughter and May advising the parties.
Linklaters is advising Jardine Matheson, with London-based partners James Inglis and Tom Bishop leading the team.
Slaughter and May is advising the transaction committee of Mandarin Oriental, with Hong Kong-based partners Jason Webber, Ben Heron and counsel Stephanie Courtice, and London-based partner Claire Jackson among the team.
Jardine Matheson currently holds about 88% of Mandarin Oriental’s shares and will acquire the remaining 12% through subsidiary Bidco for USD3.35 per share.
The transaction is expected to take effect on 28 February 2026. On completion, Mandarin Oriental will be delisted from the stock exchanges in London, Singapore and Bermuda.
Luxury brand Mandarin Oriental operates 43 hotels, 12 residences and 26 luxury home projects across 27 countries. Its controlling shareholder, Jardine Matheson, is a Hong Kong-headquartered Asia-focused investment group.
Jardine Matheson said the acquisition aligned with its strategy and capital allocation framework to generate long-term returns from its portfolio of market-leading businesses.
