Deal of the Year (£10m to £50m) - Shore Capital acted as Financial and Rule 3 Adviser to Styles & Wood Group plc

 

Deal of the Year (£10m to £50m)

Last night was the North West Dealmakers Awards 2018, held in Manchester. The acquisition by Central Square Holdings of Styles & Wood Group plc, who was advised by Shore Capital, won Deal of the Year (£10m to £50m). 

 

 

 

 

 

Shore Capital acted as Financial and Rule 3 Adviser

Shore Capital acted as Financial and Rule 3 Adviser to Styles & Wood Group PLC, an integrated property services and project delivery specialist a UK manufacturer of cleaning and hygiene chemicals and related products, on its proposed £42.5m acquisition by Central Square Holdings Limited.

Under the terms of the Offer, each Styles & Wood Shareholder was entitled to receive for each Ordinary Share 465 pence in cash.

 

The Offer Price represented a premium of approximately:

  • 24.0 per cent. to the Closing Price of 375.0 pence per Styles & Wood Ordinary Share on 20 December 2017 (being the last Business Day before the date of the Announcement);
  • 34.4 per cent. to the Volume-Weighted Average Price of 345.9 pence per Styles & Wood Ordinary Share for the three-month period ended 20 December 2017 (being the last Business Day before the date of the Announcement); and
  • 26.3 per cent. to the Volume-Weighted Average Price of 368.3 pence per Styles & Wood Ordinary Share for the 12 month period ended 20 December 2017 (being the last Business Day before the date of the Announcement).