CRH plc sells its European distribution business to private equity funds managed by Blackstone
Niederer Kraft Frey advises CRH plc as Swiss counsel on the sale of its European distribution business to private equity funds managed by Blackstone. The distribution business supplies building materials through a network of local and regional brands across six countries in Western Europe, including Switzerland. The transaction is valued at EUR 1.64 billion, including debt and its completion is subject to regulatory approval.
CRH plc is a leading global diversified building materials group with registered seat in Dublin, Ireland. It is a Fortune 500 company, employing over 900,000 people with operations in 32 countries, serving all segments of construction industry demand.
The NKF team is led by partner Philipp Haas, working with associates Julia Tolstova, Paolo Bollini, Nicole Gütling, Shu Bernet-Zhang (all Corporate/M&A), partner Andreas F. Vögeli, associate Anne Huber (both Real Estate), partner Daniela Schmucki, counsel Elga Reana Tozzi (both Tax), partners Nicolas Birkhäuser (Antitrust) and Valerie Meyer Bahar (Employment).