Charles Russell Speechlys has recently advised Arden Partners plc in its role as financial advisor, sponsor and broker to Macfarlane Group plc (“Macfarlane”) in connection with an oversubscribed placing of £8 million of new shares on the Main Market of the London Stock Exchange. The Placing was conducted by way of an accelerated bookbuild process.

Macfarlane is a leading specialist UK manufacturer and distributor of protective packaging materials headquartered in Glasgow, Scotland.

The proceeds of the placing were used to help fund the conditional acquisition of:

(a) the entire share capital of Nottingham Recycling Limited

(b) the packaging business and selected assets of Greenwoods Stock Boxes Limited (together “Greenwoods”).

Greenwoods is a packaging distributor and a corrugate supplier based in Nottingham and in Melton Mowbray. The Charles Russell Speechlys core team comprised of Andrew Collins and Paul Arathoon.