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Eversheds advises Steelite International on its sale to US private equity house

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    Eversheds has advised Steelite International, the £100m-turnover ceramics manufacturer, on the sale of the company to US Private equity house, PNC Riverarch.

    The Eversheds corporate team was led by partner Catherine Eley, with support from associates James Finney and Peter McHugh.

    The acquisition by PNC Riverarch, the private equity arm of the PNC Financial Services Group, provides an exit for chief executive Kevin Oakes.

    John Miles has now been appointed Steelite chief executive

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