Deal of the Year (£10m to £50m) – Shore Capital acted as Financial and Rule 3 Adviser to Styles & Wood Group plc
Deal of the Year (£10m to £50m)Last night was the North West Dealmakers Awards 2018, held in Manchester. The acquisition by Central Square Holdings of Styles & Wood Group plc, who was advised by Shore Capital, won Deal of the Year (£10m to £50m).
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Shore Capital acted as Financial and Rule 3 Adviser
Shore Capital acted as Financial and Rule 3 Adviser to Styles & Wood Group PLC, an integrated property services and project delivery specialist a UK manufacturer of cleaning and hygiene chemicals and related products, on its proposed £42.5m acquisition by Central Square Holdings Limited.
Under the terms of the Offer, each Styles & Wood Shareholder was entitled to receive for each Ordinary Share 465 pence in cash.
The Offer Price represented a premium of approximately:
- 24.0 per cent. to the Closing Price of 375.0 pence per Styles & Wood Ordinary Share on 20 December 2017 (being the last Business Day before the date of the Announcement);
- 34.4 per cent. to the Volume-Weighted Average Price of 345.9 pence per Styles & Wood Ordinary Share for the three-month period ended 20 December 2017 (being the last Business Day before the date of the Announcement); and
- 26.3 per cent. to the Volume-Weighted Average Price of 368.3 pence per Styles & Wood Ordinary Share for the 12 month period ended 20 December 2017 (being the last Business Day before the date of the Announcement).