


{"id":42830,"date":"2019-07-19T17:10:56","date_gmt":"2019-07-19T15:10:56","guid":{"rendered":"https:\/\/newserver.fyb.de\/chr-sells-european-distribution-business-to-blackstone\/"},"modified":"2019-07-19T17:10:56","modified_gmt":"2019-07-19T15:10:56","slug":"chr-sells-european-distribution-business-to-blackstone","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/chr-sells-european-distribution-business-to-blackstone\/","title":{"rendered":"CHR sells European distribution business to Blackstone"},"content":{"rendered":"<p>London, Munich, Dussel\u00addorf \u2014 ARQIS has advi\u00adsed FTSE-100 listed <strong>CRH<\/strong> plc. (\u201cCRH\u201d) on the sale of its <strong>Euro\u00adpean distri\u00adbu\u00adtion busi\u00adness<\/strong> to a private equity fund mana\u00adged by <strong>Blackstone<\/strong> for an <strong>enter\u00adprise value of \u20ac1.64 billion.<\/strong>  Lead legal coun\u00adsel for CRH world\u00adwide was <strong>Slaugh\u00adter and May<\/strong>, working with Chris Roberts, CRH\u2019s gene\u00adral coun\u00adsel, and Dami\u00ada\u00adnos Vainas, deputy gene\u00adral coun\u00adsel. <strong>ARQIS<\/strong> advi\u00adsed on the German portion of the acqui\u00adsi\u00adtion. The tran\u00adsac\u00adtion is subject to regu\u00adla\u00adtory approval.<\/p>\n<p>\u201cThe tran\u00adsac\u00adtion demons\u00adtra\u00adtes the contin\u00adued execu\u00adtion of CRH\u2019s stra\u00adtegy to create value for our share\u00adhol\u00adders through active port\u00adfo\u00adlio manage\u00adment, effi\u00adci\u00adent capi\u00adtal allo\u00adca\u00adtion and the crea\u00adtion of a simp\u00adler and more focu\u00adsed group for the future. We wish our colle\u00adagues at Europe Distri\u00adbu\u00adtion every success as they enter this new phase of their deve\u00adlo\u00adp\u00adment,\u201d said Albert Mani\u00adfold, Chief Execu\u00adtive of&nbsp;CRH.<\/p>\n<p>The dive\u00adst\u00adment includes CRH\u2019s entire Gene\u00adral Buil\u00adders Merchants busi\u00adness in Europe, inclu\u00adding the plum\u00adbing heating and sani\u00adta\u00adtion busi\u00adness. The sale follo\u00adwed a compre\u00adhen\u00adsive stra\u00adte\u00adgic review of the busi\u00adness in recent months, which conside\u00adred all opti\u00adons to maxi\u00admize value for share\u00adhol\u00adders. The proceeds from the dive\u00adst\u00adment will be used for gene\u00adral corpo\u00adrate purpo\u00adses to make acqui\u00adsi\u00adti\u00adons as part of our ongo\u00ading share repurchase program and to provide returns of capi\u00adtal to shareholders.<\/p>\n<p>CRH is a leading global diver\u00adsi\u00adfied buil\u00adding mate\u00adri\u00adals group with around 85,000 employees at appro\u00adxi\u00adm\u00adately 3,600 sites in 32 count\u00adries. With a market capi\u00adta\u00adliza\u00adtion of appro\u00adxi\u00adm\u00adately \u20ac23 billion (April 2018), CRH is the largest buil\u00adding mate\u00adri\u00adals company in North America and the second largest in the world. The Group holds various market-leading posi\u00adti\u00adons in Europe and stra\u00adte\u00adgic posi\u00adti\u00adons in the emer\u00adging econo\u00admic regi\u00adons of Asia and South America.<\/p>\n<p>The ARQIS team around J\u00f6rn-Chris\u00adtian Schulze has been advi\u00adsing CRH in various tran\u00adsac\u00adtions in Germany for many&nbsp;years.<\/p>\n<p><strong>Advi\u00adsors to CRH: ARQIS Rechts\u00adan\u00adw\u00e4lte (D\u00fcssel\u00addorf, Munich)<\/strong><br>\nDr. J\u00f6rn-Chris\u00adtian Schulze, Dr. Chris\u00adtof Alex\u00adan\u00adder Schnei\u00adder (both Lead; Corporate\/M&amp;A); Dr. Andrea Panzer-Heemeier (Labor Law), Dr. Chris\u00adtof Alex\u00adan\u00adder Schnei\u00adder, Johan\u00adnes Landry (both Corporate\/M&amp;A), Chris\u00adtian Wege\u00adner (Tax Law), Dr. Ulrich Lien\u00adhard (Real Estate Law), Marcus Noth\u00adhel\u00adfer (IP\/Compliance), Dr. Thomas G\u00f6rge\u00admanns (Corporate\/M&amp;A); Asso\u00adcia\u00adtes: Nima Hanifi-Atash\u00adgah, Thomas Chwa\u00adlek, Malte Grie\u00adpen\u00adburg (all Corporate\/M&amp;A), Jenni\u00adfer Huschauer (Real Estate), Dr. Hendrik von Mellen\u00adthin (Labor Law), Dr. Liliia Sagun, Carina Grahs (both Legal Support Specialists).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London, Munich, Dussel\u00addorf \u2014 ARQIS has advi\u00adsed FTSE-100 listed CRH plc. (\u201cCRH\u201d) on the sale of its Euro\u00adpean distri\u00adbu\u00adtion busi\u00adness to a private equity fund mana\u00adged by Blackstone for an enter\u00adprise value of \u20ac1.64 billion. Lead legal coun\u00adsel for CRH world\u00adwide was Slaugh\u00adter and May, working with Chris Roberts, CRH\u2019s gene\u00adral coun\u00adsel, and Dami\u00ada\u00adnos Vainas,&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":42841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366],"tags":[],"class_list":["post-42830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","news-category-private-equity-news-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CHR sells European distribution business to Blackstone - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/chr-sells-european-distribution-business-to-blackstone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CHR sells European distribution business to Blackstone - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"London, Munich, Dussel\u00addorf \u2014 ARQIS has advi\u00adsed FTSE-100 listed CRH plc. 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