Macfarlanes has advised the selling shareholders of Paroc Group, the leading producer of stone wool insulation in the Nordic and Baltic regions, on its sale to CVC Capital Partners for an enterprise value of approximately €700m.

Headquartered in Helsinki, the Paroc Group has approximately 2,100 employees and a pan-European sales presence, with manufacturing facilities in Finland, Poland, Lithuania, Sweden and Russia.

The Macfarlanes team was led by corporate M&A partners Stephen Drewitt and Howard Corney.