Hill Dickinson has recently advised AIM-listed client SigmaRoc plc on its acquisition of Poundfield Products (Group) Limited (Poundfield) for £10.25 million.

SigmaRoc is a construction materials group with a buy-and-build investment strategy focusing on acquiring and operating both upstream and downstream heavy construction materials businesses.

Founded in 1999, Poundfield is a specialist precast concrete producer based near Ipswich that holds a portfolio of patented products and systems. It distributes its products to a diverse range of clients including government, public and private companies both in the UK and internationally. In addition to directly supplying infrastructure, industrial and flooring products, Poundfield also partners with majors in the construction materials industry for the licensing of its patented products.

The acquisition of Poundfield is the fourth major acquisition completed by SigmaRoc in 2017.

The acquisition, which completed on 18 December 2017, was conditional on SigmaRoc completing a placing to raise £13.9 million which was arranged by Joh. Berenberg, Gossler & Co. KG as sole broker and bookrunner to the placing.

The Hill Dickinson team was led by corporate partner Jaspal Sekhon with assistance from Diana Syziu (senior associate) and Melissa Wloch (associate). Teams from property (Jim Garton, Emma McIntosh and Louise McMahon), intellectual property and commercial (Mark Weston) and employment (Will Steed) also provided support.

Commenting on the deal, Jaspal Sekhon said: 'We are delighted to have assisted SigmaRoc on its latest strategic acquisition. This was a complex transaction requiring a multi-disciplinary team from across the firm working to a very short timetable to ensure that the company could complete its fundraising before the Christmas break.’

Commenting, SigmaRoc's CEO, Max Vermorken said: 'The acquisition of Poundfield, a specialist in patented concrete products, marks another important milestone in our buy-and-build strategy, and concludes a successful year for the group. The support we received from Jaspal and the entire team at Hill Dickinson was excellent and enabled us to complete this transaction on schedule. We valued their commercial and pragmatic advice and look forward to working with them again.’