Pinsent Masons advises Breedon Group on acquisition of Robinson Quarry Masters and LSE Listing

Breedon is a leading vertically-integrated construction materials group in Great Britain and Ireland.  The deal is one of three bolt-on transactions announced by the company this week with a combined enterprise value of up to c.£19m.  The other two transactions were in Great Britain.

Breedon was admitted to trade on the main market of the London Stock exchange on 17 May 2023. Pinsent Masons separately advised Breedon on the Irish (both Northern Ireland and Republic of Ireland) legal aspects of their de-listing from AIM and re-listing on the main London Stock Exchange.  This included a scheme of arrangement in Jersey to replace the previous Jersey incorporated Plc holding company with a new English incorporated Plc. 

Advice on the acquisition was led by Belfast-based corporate partner Lisa Early and associate Ryan Leonard and included support from a multidisciplinary team of lawyers across our UK offices. 

The Irish work related to the Listing was led by Dublin-based corporate partner Neil Keenan alongside Manchester based employment law partner Lynette Jacobs, supported by lawyers in our Dublin, Belfast, London and Manchester offices.

Commenting on the acquisition, Lisa Early said:
“We are very pleased to have worked on our first corporate transaction in Northern Ireland for Breedon.  Our multidisciplinary legal expertise on the island of Ireland was an important aspect of this work. The acquisition provides great growth potential for Breedon in the Irish market and the opportunity to service clients in the housing, commercial and infrastructure fields.” 

Commenting on the Listing, Neil Keenan, added,
“This work demonstrates our cross-border strength. Our Dublin, and Belfast offices with assistance from our colleagues in London and Manchester successfully managed the legal complexities of the Irish aspects of the Breedon re-listing on the main market of the LSE, and we are delighted to have advised them on a move which reflects the growth and success of their business.”