Addleshaw Goddard has advised Canadian private equity firm Ardenton Capital on its first UK acquisition of Corbetts the Galvanizers.
Corbetts, which is the UK’s largest independent hot dip galvanizer, will use Ardenton’s investment to continue to deliver high quality products whilst exploring opportunities to create more capacity within its Midlands operation.
Corbetts will continue to be led by managing director, Tim Ward, and financial director, Sophie Boothroyd.
The value of the deal was not disclosed, but in 2015 a £10.5m takeover bid by a subsidiary of Hill & Smith Holdings faltered after the Competition and Markets Authority wanted to pursue its investigation into the creation of a monopoly.
Ardenton’ Capital opened in Manchester in late 2016 and is spearheaded by directors Michael Bradbury and Iain Marlow.
The Addleshaw Goddard team was led by corporate partner, Paul Medlicott (picture), alongside Katie Simpson, Becky Dove and Lucy Williams (corporate), Richard Oman and Jess Burgess (banking) and Catherine Concannon (tax). Other advice was seen from the firm’s employment, compliance, environment, property, pensions, and asset finance and data protection teams.
Involved fees earner: Paul Medlicott – Addleshaw Goddard; Katie Simpson – Addleshaw Goddard; Becky Dove – Addleshaw Goddard; Lucy Williams – Addleshaw Goddard; Richard Oman – Addleshaw Goddard; Jess Burgess – Addleshaw Goddard; Catherine Concannon – Addleshaw Goddard;
Law Firms: Addleshaw Goddard;
Clients: Ardenton Capital;