Nigel Weston
Partner
Jersey
€1 billion cross-border debt financing with Banco Santander and BNP Paribas. The facilities will be used by SigmaRoc PLC to partially fund its acquisition of CRH plc's European lime and limestone quarry businesses.
SigmaRoc PLC is an AIM-quoted lime and industrial limestone group targeting quarried materials assets in the UK and Northern Europe. The acquisition will support the group's aim of becoming the market leader in this sector.
A Walkers team led by partner Nigel Weston and including senior counsel Elaine Kelly, senior associate John Swani and associate Lisa Ellefsen, advised Jersey-based Pallot Tarmac (2002) Limited and Ronez Limited.
A second Walkers team including associate Robert White advised Guernsey-based SigmaGsy Limited.
Nigel Weston said: "We are delighted to have worked with the SigmaRoc Group on this high-profile debt refinancing, and to have had another opportunity to work in partnership with our Guernsey colleagues on the Guernsey law elements of the transaction, demonstrating our multi-jurisdictional capability."
Walkers were instructed by lead counsel Howard Kennedy.
Patrick Keown, Head of Banking and Real Estate Finance at Howard Kennedy said: "This is a remarkable acquisition for SigmaRoc, which will lay the foundation for the continued growth and strengthening of its business. As a long-standing adviser to the company, it is a pleasure to have represented them in these high-value, complex and multi-jurisdictional financing transactions. We were, once again delighted to instruct Walkers on this transaction, we have a strong working relationship working with them on numerous transactions with the SigmaRoc group, they are technically excellent and deliver a great service. "
