LONDON, 15 December 2014—LawFuel.com – Ropes & Gray is advising Bain Capital Europe, LLP on the acquisition of CRH plc’s clay and concrete businesses in the UK and United States in a transaction valuing the businesses at £414 million.
CRH, a FTSE 100 building products company, is selling clay companies lbstock and Glen Gery in the UK and U.S., respectively, as well as concrete products companies Forticrete and Supreme Concrete in the UK. The transaction, which is subject to regulatory approvals, is expected to close in the first half of 2015.
The cross-office Ropes & Gray team, led by London private equity partner Bill Mone and senior associate Alex Lewis, advised on all aspects of the transaction, including private equity, debt finance, tax, real estate, environmental and antitrust. London partner Matt Cox led the financing efforts and partner Brenda Coleman provided tax advice. U.S. partners Peter Alpert and Renata Ferrari handled environmental and employee benefits aspects of the transaction, respectively.
Lead partner Bill Mone commented on the transaction:
“We are delighted to be advising Bain Capital on this complex transaction. It has been a remarkable team effort involving Ropes & Gray lawyers across multiple practice groups and offices. We now look forward to helping Bain close the transaction and working with them again in the future.”
About Ropes & Gray LLP
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