Styles&Wood joins Southerns Group after leaving stock exchange
Integrated property services and project delivery firm Styles&Wood Group plc (S&W) has been acquired by Central Square Holdings Limited (CSHL) after delisting from the London Stock Exchange.
Manchester-based S&W’s shares ceased trading on the stock market following an announcement in December and approved shareholder vote last month.
It has now formally delisted from the Alternative Investment Market (AIM) and become part of CSHL, which also owns Leeds-based furniture, fittings and equipment provider Southerns Group.
S&W said the deal will open up significant growth opportunities, with the enlarged group offering enhanced capabilities and reach.
The chief executive of the new group, Tony Lenehan, said: “Today officially opens a new chapter for S&W and Southerns Group.
“The combination of both businesses creates a truly unique offering within the property services market.”
He added: “We believe our new group will bring exciting times for everyone involved and benefits to our customers, employees, and partners.”
Shore Capital provided financial advice to S&W on the transaction, while Hill Dickinson acted as legal adviser to the group.
CSHL was advised by Numis (financial), Pinsent Masons (legal) and KPMG (debt advisory and due diligence).