Hill Dickinson advised Vulcan Industries Plc on a placing and the company’s admission to trading on the Aquis Stock Exchange Growth Market.
Trading commenced at 08:00 on Monday 1 June 2020.
Vulcan has been incorporated to build a group of UK companies providing products and services to the engineering and manufacturing sectors, particularly focused on metal fabrication and precision engineering, which have underlying profitability and growth potential and can also benefit from being part of a larger group focused on similar or complementary sectors to the target.
To date, Vulcan has acquired four UK engineering and manufacturing businesses: IVI Metallics (precision quality tacks and nails), Orca Doors (high-quality doors and frames for the healthcare and education markets), Time Rainham (precision industrial components) and M&G Olympic (bespoke architectural metalwork).
The proceeds of Vulcan’s institutional placing will principally be used by the company for working capital purposes, strengthening its balance sheet and funding selected acquisitions.
The Hill Dickinson team was led by partner Jaspal Sekhon (Picture) and associate Melissa Campbell with support from Amy Grosvenor, Paul Jackson, Rianne Byott and Henry Schoen from the corporate team and Will Steed (employment) and Georgia Doyle (property).
Involved fees earner: Rianne Byott – Hill Dickinson; Melissa Campbell – Hill Dickinson; Georgia Doyle – Hill Dickinson; Amy Grosvenor – Hill Dickinson; Paul Jackson – Hill Dickinson; Jaspal Sekhon – Hill Dickinson; Will Steed – Hill Dickinson;
Law Firms: Hill Dickinson;
Clients: Vulcan Industries Plc;