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 advises NTR plc on 54MW portfolio of co-located solar and battery storage projects in Ireland

Multinational law firm Pinsent Masons has advised NTR PLC on the acquisition of a 54MW portfolio of co-located solar and battery storage projects in County Wexford, Ireland, from renewable energy developer RES.

Pinsent Masons advises on Four Seasons Care Homes portfolio migration

Multinational law firm Pinsent Masons has advised propco investor LDC Care Homes and its asset and investment manager Elevation Advisors on the migration of a care homes portfolio from Four Seasons Health Care Group (FSHC) to new operators.

Pinsent Masons advises Teva Pharmaceuticals on €84m sale of its consumer healthcare brand portfolio to Karo Pharma AB.

Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises GNA Biosolutions GmbH on Covid-19 rapid PCR test

Multinational law firm Pinsent Masons advised GNA Biosolutions GmbH on IP and commercial aspects of its rapid PCR Covid-19 test.

Pinsent Masons advises ALK Capital on its acquisition of Burnley FC

Multinational law firm Pinsent Masons has advised ALK Capital on the acquisition of Burnley Football Club.

Pinsent Masons advises Unbound on financing in fitness start-up VAHA

Pinsent Masons has advised Unbound on its investment in etone Motion Analysis GmbH (VAHA), a manufacturer of smart digital mirrors.

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