A host of firms including Pinsent Masons, Allen & Overy (A&O), Proskauer Rose and Simpson Thacher & Bartlett have all played roles on UK building products company Tyman's acquisition of US building manufacturer Truth Hardware from Melrose Industries for $200m (£129m). The deal, which will see Truth combine with Tyman's existing US division Amesbury, is being funded by a debt and equity fundraising followed by a proposed move to the London Stock Exchange main market. The transaction is expected to close in June, with Melrose using the funds to pay down some of its existing borrowings.
May 09, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
A host of firms including Pinsent Masons, Allen & Overy (A&O), Proskauer Rose and Simpson Thacher & Bartlett have all played roles on UK building products company Tyman’s acquisition of US building manufacturer Truth Hardware from Melrose Industries for $200m (£129m).
The deal, which will see Truth combine with Tyman’s existing US division Amesbury, is being funded by a debt and equity fundraising followed by a proposed move to the London Stock Exchange main market.
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