White & Case advises SigmaRoc on acquisition of CRH's European lime businesses for approximately €1 billion

Press Release
2 min read

Global law firm White & Case LLP has advised SigmaRoc plc on the acquisition of CRH plc's European lime businesses for a total deal value of approximately €1 billion.

White & Case partner David Lewis, who led the Firm's deal team, said: "This transaction demonstrates White & Case's ability to deliver on complex cross-border M&A across multiple jurisdictions for a London listed PLC."

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 an AIM-listed specialist quarried materials group with a market cap of approximately £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 £35 billion.

The White & Case team which advised on the transaction was led by partners David Lewis, Mark Richardson (both London) and Ingrid Wijnmalen (Frankfurt) and included partners Philip Broke, Marc Israel, James Johnson, Helen Joseph, Will Smith, Philip Trillmich (all London), Bodo Bender (Frankfurt), Marek Sawicki (Warsaw) and Jonathan Weinberg (Prague), local partners Alisa Preissler (Frankfurt), Thyl Hassler (Düsseldorf) and Jakub Gubański (Warsaw), counsel Tallat Hussain (London) and associates Iman Algubari, Alec Buchanan, Neeraja Chemburkar, Nick Falconer, Joao Lacerda, Vishnu Rege, Johanna Wagner, Wiesia Wagstyl, Prisca Victoria Wharton, Esme Wong (all London), Thorsten Eggert (Hamburg), Jan Lampert (Frankfurt), Małgorzata Herda, Damian Lubocki, Iwo Małobęcki (all Warsaw), Iva Čechráková, Kamila Daňková, Radek Kraus, Monika Sedláčková and Lucie Zanášková (all Prague). FieldFisher advised on the capital markets and Irish law aspects of the deal and Howard Kennedy on the UK debt finance work.

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