White & Case has advised SigmaRoc on the acquisition of CRH's European lime businesses for a total deal value of approximately EUR 1 billion. SSW Pragmatic Solutions reportedly advised the lenders.
According to White & Case, “SigmaRoc has entered into three separate transactions, with the first being the acquisition of CRH's German, Czech, and Irish lime businesses. SigmaRoc has also entered into separate call options to acquire CRH's UK and Polish lime operations, subject to each of those businesses being carved out of the CRH Group.”
SigmaRoc is a London Stock Exchange AIM-listed specialist quarried materials group with a market cap of approximately GBP 350 million. The transaction will constitute a reverse takeover for SigmaRoc and is accordingly subject to shareholder approval.
CRH is an international group of diversified building materials businesses listed on the New York Stock Exchange with a market cap of approximately GBP 35 billion.
The White & Case team included Warsaw-based Partner Marek Sawicki, Local Partner Jakub Gubanski, and Associates Malgorzata Herda, Damian Lubocki, and Iwo Malobecki; Prague-based Partner Jonathan Weinberg and Associates Iva Cechrakova, Kamila Dankova, Radek Kraus, Monika Sedlackova, and Lucie Zanaskova; and further team members in London and Frankfurt.