Shore Capital is delighted to have acted as Sole Financial Advisor, Rule 3 Adviser and Corporate Broker to ScS Group plc (“ScS”) on the c.£100m recommended cash offer by Cerezzola Limited, a wholly owned subsidiary of Poltronesofà S.p.A, the leading sofa retailer in Italy and one of the leading sofa retailers in Europe. The recommended cash offer was first announced on 24 October 2023 and completed on 30 January 2024.
ScS is one of the UK’s largest retailers of upholstered furniture and floorings and was admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange’s Main Market for listed securities in January 2015.
Shore Capital has acted as Sole Financial Adviser and Broker to ScS since 2017.
Alan Smith, Non-Executive Chairman, ScS:
“Shore Capital has done an excellent job for us on this important transaction, working extremely hard throughout to help us achieve an appropriate outcome for all stakeholders.
The support and advice from the Shore Capital advisory team was first class and it was a pleasure to work with them throughout the process. I would highly recommend them to any company contemplating a change of advisors.
I would also like to thank the wider Shore Capital consumer team for their very significant contribution to the ScS business over the last six years as our retained adviser and broker.”
Congratulations to the whole ScS team, we wish them all the best for the future.
For further information, please contact:
Shore Capital: +44 (0) 20 7408 4090
Corporate Advisory: Patrick Castle / James Thomas / Iain Sexton
Corporate Broking: Henry Willcocks
M&A: Ben Canning
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