Herbert Smith Freehills has advised funds managed by Wolseley Private Equity (Wolseley) on the sale of their interests in Facade Access, a global market leader in permanent access solutions, to Alimak Group (Alimak).
Alimak is a leading, Stockholm NASDAQ-listed supplier of access solutions to the industrial and construction sectors. The consideration for the transaction is A$120m.
Signing occurred in Stockholm in late October between Wolseley, the other owners of Facade Access and Alimak. Completion of the transaction remains subject to customary conditions precedent.
The Herbert Smith Freehills team was led by Partner Peter Dunne who was supported by Senior Associate Jonathon Wood and Solicitor Chris Mellish.
The team worked closely with Wolseley representatives, including Chairman Mark Richardson and Director Richard Burrows, and members of the Facade Access management team, including CEO Tony Combe and CFO Stephen Scanlon.
Peter Dunne said: “It was great to work with Wolseley on this matter, having previously assisted them at the time they originally acquired an interest in the Facade Access group.”