Slaughters scores Travis Perkins’ takeover of BSS Group
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Slaughter and May has scored a new mandate advising builders’ merchant Travis Perkins on its £558m takeover of BSS Group.
Corporate partner Robert Stern and M&A head Stephen Cooke led on the deal, which was agreed last week. They were assisted by finance associate Mark Dwyer, together with corporate associates Iqbal Hussain and Matthew Poxon.
The transaction will see Travis Perkins, which owns the Wickes DIY chain, acquire the £1.35bn manufacturer of domestic and industrial construction and maintenance equipment BBS to create a business with an estimated turnover of £4.3bn.
BSS was advised by Hammonds head of private equity James McKay, with assistance from corporate partners Robert Bray and Giles Distin.
BSS has been a client of Hammonds for several years. McKay previously worked with the company on its acquisitions of a number of entities, including DHS, Birchwood, Buck & Hickman and Tricom.
This is the first time that Slaughters has worked for Travis Perkins, which turned to Linklaters partners Nicola Mayo and Richard Godden on its £300m rights issue in 2009.
