Eversheds Sutherland is advising Kingspan Group on its proposed acquisition, from SIG, of Buildings Solutions Limited for a consideration of £37.5m on a cash free, debt-free basis.
Kingspan Holdings (Panels) Limited has entered into an agreement for the acquisition of the entire issued share capital of Buildings Solutions from SIG Trading Limited following a competitive process.
Completion is conditional on satisfaction of certain conditions, including completing the Competition & Markets Authority’s clearance process.
Building Solutions is a leading UK manufacturer and distributor of building envelope solutions operating through its well-known brands Steadmans, United Roofing Products, Trimform Products and Advanced Cladding & Insulation.
Kingspan Group plc is a building materials company based in Ireland trading in over 70 countries with over 100 factories employing some 13,500 people.
Corporate Partner Alistair Cree (Picture) and Legal Director Jamie Partridge (corporate) led the Eversheds Sutherland team in delivering the deal. The team comprised Legal Director Rachel Cooper (commercial), Senior Associate Annika Unsworth and Associate Claire Wills (both corporate).
Involved fees earner: Rachel Cooper – Eversheds Sutherland; Alistair Cree – Eversheds Sutherland; Jamie Partridge – Eversheds Sutherland; Annika Unsworth – Eversheds Sutherland; Claire Wills – Eversheds Sutherland;
Law Firms: Eversheds Sutherland;
Clients: Kingspan Group plc;