caradon bathrooms

Caradon is one of many deals that Eversheds has acted on for its client HSBC Private Equity. The investment house initially purchased Caradon’s plumbing business in November in a management buyout through newco Black Knight. The plumbing business is a composite of different businesses, including Mira shower units and its bathrooms division, which were consolidated in 1998 following the decision to restructure in 1995. Caradon bathrooms is a disposal from the plumbing unit. The run of deals has consolidated Eversheds’ and corporate partner Edward Psyden’s relationship with HSBC Private Equity. Allen & Overy has sustained a long relationship with Sanitec, although the last deal it completed for the client was more than three years ago when it acquired Middle Eastern ceramic tiles manufacturer Lecico. Sanitec’s purchase of the bathrooms division was financed through the company’s existing facilities.