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Advising on Kingspan acquisition

  • Global
  • United Kingdom

    08-10-2019

    Eversheds Sutherland advising Kingspan on the acquisition of Building Solutions

    Eversheds Sutherland is advising Kingspan Group, the global leader in high performance insulation and building envelope solutions, on its proposed acquisition, from SIG, of Buildings Solutions (National) Limited (Building Solutions) 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.

    Corporate Partner Alistair Cree 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).

    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.

    Completion is conditional on satisfaction of certain conditions, including completing the Competition & Markets Authority’s clearance process.

    Jamie Partridge said:

    “We are delighted to be advising Kingspan on this acquisition. This was a tremendous effort from everyone involved as we managed to get to exchange in less than two weeks after Kingspan’s bid was accepted subject to contract.”

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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