Eversheds Sutherland advises on five Wolseley UK deals in 10 days

Global firm Eversheds Sutherand has advised Wolseley UK on five separate transactions in the past 10 days. The deals include Wolseley UK’s proposed acquisition of Neville Lumb, DHS and Bassetts, which are expected to complete in early 2022. Wolseley UK has also entered into exclusive negotiations for the sale of Ideal Bathrooms.

Earlier this month, Eversheds Sutherland advised Wolseley UK on its acquisition of Jointing Technologies and an investment in bookabuilderuk.com.

The cross-practice Eversheds Sutherland team advising on all of these transactions was led by corporate partner, Nigel Cooke. Cooke said: “Wolseley continues to show its vision and determination to future-proof the organisation and to evolve its offering for customers.

“The building products M&A market is busy at the moment, and being able to draw on the relevant industry experience and knowledge within our team to position us as almost an extension of the Wolseley deal team on a strategic level was essential to getting these transactions done in an intensive timeline”.

He added: “Getting these deals over the line for Wolseley in such a short period is exceptional work and shows the value of strong client relationships.”

In January 2021, Eversheds Sutherland also advised the business on Wolseley UK’s acquisition by Clayton, Dubilier & Rice. Wolseley UK corporate development director, Andrew Lea, commented: “Nigel and the Eversheds Sutherland team have been long-standing, trusted partners in the growth and transformation of Wolseley.

“The firm has repeatedly demonstrated its abilities to support us in our strategy towards a future that helps accelerate growth, enhance customer service, and create rewarding career opportunities for our colleagues. With so many transactions in such a short period, it is reassuring to rely on trusted advisors with deep sector knowledge, such as Nigel and the Eversheds Sutherland team.”