Cains recently acted for Breedon Group plc in connection with its acquisition of Lagan Group (Holdings) Limited for a cash consideration of £455 million on a cash- and debt-free basis.
Lagan Group (Holdings) Limited is the Isle of Man incorporated holding company of the Lagan Group, a leading construction materials business based in Belfast with operations in Northern Ireland and the Republic of Ireland.
The combination of Breedon and Lagan will create a leading independent construction materials group in the UK and Ireland and extend Breedon’s geographic footprint with immediate critical mass in Ireland. The acquisition also provides Breedon with an enhanced platform for further organic growth and bolt-on acquisitions.
The Cains team was led by corporate directors Tristan Head and Scott Leonard-Morgan.