Pinsent Masons advises Tyman plc on $200m Truth Hardware acquisition, fundraising and move to main market

10 May 2013 | 10:32 am | 1 min. read

International law firm Pinsent Masons has advised AIM-listed Tyman plc on its $200m acquisition of North American building manufacturer, Truth Hardware. The deal is being funded by a debt and equity fundraising followed by a proposed move to the London Stock Exchange (LSE) main market.

Corporate partner Alison Starr led the Pinsent Masons team of lawyers advising Tyman plc on the acquisition which will strengthen its North American capabilities. Truth Hardware will combine with Tyman's existing US division, Amesbury.

Subject to approval, Tyman will seek admission to the LSE main market shortly after completion of the acquistion, £77m fundraising and $100m debt facility.

Alison Starr said: "We are delighted to advise Tyman on such a significant transaction. The institutional investors’ support for the group is testament to the hard work of the management team in delivering the transaction to its shareholders. The real challenge facing us and the other advisors was the inter-play between an acquisition, fundraising and move to the main market which had not been done before whilst also delivering the project on time.”

Pinsent Masons head of corporate, Andrew Masraf, commented: “We are delighted to have advised on this important and strategic transaction for our longstanding client Tyman plc.  Pinsent Masons has an excellent corporate client base and the firm is committed to acting on high profile corporate finance transactions such as this one.  This deal was led by Alison Starr with support drawn from across our UK practice. The firm’s commitment to building our profile in corporate finance has been recently demonstrated by the appointments of Jonathan Beastall and Louise Wolfson from Clifford Chance and Allen & Overy respectively.”

The multi-disciplinary Pinsent Masons team included Alison Starr, Andrew Black, Jenny Malcolm, Alan Chan, Emma Shield, Louise Blair, James Spencer, Eden Walsh and Joe Young (corporate); John Christian and Jon Robinson (tax); Matt Morgan, Pippa Whitmore and Sarah Jay (banking).

Latest press releases

Show me all press releases

Pinsent Masons launches online tool to spot future home-working related litigation for financial services firms

Multinational law firm Pinsent Masons has launched a new working-from home audit tool to help financial services organisations understand the hidden litigation and regulatory risks associated with staff increasingly working from home on a more permanent basis.

Pinsent Masons advises Seraphine Group PLC on its £150m main market IPO

Multinational law firm Pinsent Masons is advising Seraphine Group plc, an international digitally-led maternity and nursing wear, on its IPO and premium listing on the main market of the London Stock Exchange.

Pinsent Masons agrees MOU with Nepal International ADR Center

Multinational law firm Pinsent Masons has today signed a memorandum of understanding (MOU) with Nepal International ADR Center (NIAC), commencing an important collaborative relationship seeking to enhance NIAC’s international arbitration capabilities.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Seraphine Group PLC on its £150m main market IPO

Multinational law firm Pinsent Masons is advising Seraphine Group plc, an international digitally-led maternity and nursing wear, on its IPO and premium listing on the main market of the London Stock Exchange.

Pinsent Masons hires Lisa Connaughton to lead its Company Secretarial Operations in Dublin

Multinational law firm Pinsent Masons has hired Lisa Connaughton as head of company secretarial operations in Dublin, further boosting its financial services capabilities in Ireland.

Pinsent Masons advises KATEK SE on IPO in Germany

Multinational law firm Pinsent Masons advised KATEK SE and Hauck & Aufhäuser Privatbankiers AG on KATEK SE's initial public offering (IPO) on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts