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Clifford Chance advises Kingspan on the acquisition of Joris Ide Group

27 January 2015

Clifford Chance advises Kingspan on the acquisition of Joris Ide Group

Leading international law firm Clifford Chance advised Kingspan, the Irish based isolation specialist, on its acquisition of the Belgian head quartered Joris Ide Group, leading producer of steel profiles for walls and roofs, currently owned by private equity player Ergon Capital Partners and its founder Joris Ide.

The Joris Ide Group employs 1000+ people and has an annual turnover of EUR 435m. The deal is a winning match given the complimentarity of both acquirer and target. The acquisition is subject to regulatory conditions, including merger control filings in the EU and Russia, and is expected to close in approximately 2 months.

"I'm delighted that we are working with Kingspan", said Brussels based M&A partner Philippe Hamer who is leading on this deal. "This is a deal which we have worked hard on, requiring expertise in M&A, as well as regulatory expertise in the form of merger controls. We are pleased to have been able to deliver this to Kingspan seamlessly as one team." Brussels based counsel Frances Dethmers is taking the lead on the merger control filings.

Philippe Hamer is being assisted by associate Patrice Viaene and pairing Clifford Chance teams from Germany, Romania, France and Russia whilst Frances Dethmers is assisted by associate Heleen Engelen.