Liberum is pleased to announce that it acted as Joint Bookrunner in relation to a placing by SigmaRoc plc, raising £12.4 million. The placing part funded the acquisition of CCP Building Products Ltd for a total consideration of £15.2 million.
SigmaRoc is a buy-and-build construction materials company that aims to create value by purchasing assets in fragmented construction materials markets and extracting efficiencies through active management and forming the assets into larger groups.
CCP is one of the largest vertically integrated manufacturer and supplier of pre-cast concrete products and aggregates in the North West of England and North Wales. CCP comes with a very attractive asset footprint with high barriers to entry, including secured internal raw material supply.
CCP represents a strategic fit within SigmaRoc, putting the Company in a strong position in the UK market place going forward and allowing it to continue its growth story. The transaction will provide consistent organic EBITDA growth and cash flow generation, with the retained senior management team incentivised to achieve ambitious EBITDA milestones over the three years.
Board – Shane Le Prevost
Research – Charlie Campbell, Marcus Cole
Sales – Oliver Baxendale, Alistair Smallwood
Investment Banking – Neil Patel, Jamie Richards, Jonathan Wilkes-Green, William Hall, Ant Schia
Corporate Access – Natalie Clarke