Charles Russell Speechlys acts for Arden Partners plc on recent Main Market placing by Macfarlane Group plc
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.