Corporate Finance Deal Announcement: Prater Limited
We are very pleased to announce the completion of the acquisition of Prater Limited (Prater) by our client, Lindner Group (Lindner). Lindner is Europe’s top specialist interior fit-out and facades contractor and operates plants and subsidiaries in 20 countries, employing more than 5,000 people worldwide. With annual turnover of £65m, Prater is a top-ranked UK specialist contractor involved in rainscreen and rendered facade systems, composite cladding, glazed curtain walling, single-ply membranes, structural waterproofing and aluminium and traditional metal standing seam roofing systems.
MacIntyre Hudson Corporate Finance, represented by Laurence Whitehead and Craig Chamberlain, provided specialist advice to Lindner on certain complex aspects of the transaction. Negotiations had reached a sticking point and Lindner required assistance in assessing elements of the deal structure that could have an impact on the overall price. The fact that they were able to call upon our expertise is a testament to the skills and experience of our award-winning team and we are delighted with the outcome for all parties involved.
About Lindner and Prater
Lindner entered the international facades market in 2006 when it purchased the staff and assets of the renowned Schmidlin (UK) Ltd and formed Lindner Schmidlin Facades Ltd, recently renamed Lindner Facades Ltd. The acquisition of Prater is the next major expansion of Lindner’s portfolio. Adding Prater’s expertise allows Lindner to offer clients an unrivalled and unique procurement route in the construction industry by affording them the opportunity to procure both the external envelope and the internal fit-out of their building from a single source, significantly simplifying procurement and ongoing coordination.
If you would like to know more about this deal or how we can assist you, your clients or your contacts who may be looking to make corporate acquisitions, send us an online enquiry to arrange an initial no-obligation meeting.