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.

Andy Ryde Partner
Paul Mudie Partner
Beth Harper Associate
Amina Flynn Associate
Charlie Wells Associate

Tobias Begemann / Visiting Lawyer

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

Richard Jones Partner
David Hay Associate
Gareth Miles Partner
Emma Game Senior Counsel
Kasim Mehmood Associate
Pensions, Employment and Incentives
Padraig Cronin Partner
Philippa O'Malley Associate
Josh Fennell Associate
Richard Goldstein Consultant
Hilary Wham Associate
Rob Sumroy Partner
Laura Monaghan Associate
Edmund Berney Associate
Real Estate and Environmental
John Nevin Partner
Samantha Brady Head of Environmental Law
Hetty Sharman Associate
Data Privacy
Rob Sumroy Partner
Heather Broadbent Associate