Slaughter and May is advising Marshalls plc on its proposed acquisition of Marley Group plc and its related equity and debt financing arrangements

Slaughter and May is advising Marshalls plc (Marshalls) on its proposed acquisition of Marley Group plc (Marley) from Inflexion Buyout V Investments LP, Inflexion Supplemental V Investments Limited Partnership and certain management sellers (together the Sellers) for a total enterprise value of £535m on a cash free and debt free basis (the Acquisition). Marley is a leader in the manufacture and supply of pitched roof systems to the Great Britain (GB) construction market.

The Acquisition will be financed through consideration shares being issued to the Sellers and cash consideration from new debt financing arrangements and an equity capital raising. The equity capital raising, which is structured by way of firm placing, placing and open offer, is expected to raise gross proceeds of c.£187m.

The Acquisition constitutes a Class 1 transaction for Marshalls and therefore is conditional upon, amongst other things, the approval of Marshalls’ shareholders.

Corporate
Paul Mudie Partner
Amina Flynn Associate
Charlie Wells Associate

Tobias Begemann / Visiting Lawyer

Jardelle Johnson / Trainee, Ollie Cantrill / Trainee, Christy Conlon / Trainee, Caroline Carney / Trainee

Financing
Richard Jones Partner
David Hay Partner
Tax
Gareth Miles Partner
Kasim Mehmood Associate
Pensions, Employment and Incentives
Josh Fennell Associate
Competition
Hilary Wham Senior Counsel
IP/IT
Rob Sumroy Partner
Real Estate and Environmental
John Nevin Partner
Samantha Brady Head of Environment and Climate Change
Hetty Smurfit Associate
Data Privacy
Rob Sumroy Partner
Heather Broadbent Associate