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Blackstone Inc is part of a consortium that is in advanced talks to buy UK engineering firm Senior PLC, the Financial Times reported on Friday, citing ‘people familiar with the matter’. The New York-based private equity firm, together with Tinicum Inc, could propose an offer acceptable to Senior’s board in the coming weeks, the people told the newspaper. The FT report follows an announcement by Senior on Friday, saying it has extended the deadline for a revised takeover offer from Advent International LP. The Hertfordshire, England-based engineering and manufacturing company said it agreed to the delay due to ongoing talks between the two companies, which follow Senior’s earlier rejection of a takeover offer by the Boston, Massachusetts-based private equity firm. The deadline for Advent to make a revised firm offer or walk away now is on April 17, pushed back from Friday. Earlier in March, Advent offered up to 272 pence per Senior share, of which 270 pence would be in cash, with shareholders also having the right to retain any 2025 final dividend from Senior of up to 2p per share. Senior shares were were down 0.5% to 281.50 pence on Monday morning in London. The stock is up 89% over the past year. The company has a market capitalisation of £1.18 billion. At the start of March, Senior also had confirmed receiving an all-cash offer from the Blackstone and Tinicum consortium, though it didn’t provided details of that offer. Tinicum is a Tiburon, California-based investor, which ‘manages a diversified group of manufacturing, distribution, industrial technology and speciality infrastructure companies’, according to its website. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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