Taylor Wessing advises Rutland Partners on the £84m sale of the largest flooring manufacturer in Europe

22-Aug-2005  |  Corporate, Employment & Pensions
 

Taylor Wessing advised Rutland Partners LLP, the UK private equity partnership, on the £84.1 million sale of Interfloor Group Limited to a management team backed by European Acquisition Capital in a secondary buy-out.

Interfloor Group Limited is the largest manufacturer of carpet and laminate underlay in Europe and has the leading position in the mature UK underlay market with total UK sales of £122 million.  As well as operating manufacturing facilities in the UK, Interfloor Group owns a separate subsidiary in the US.

Corporate partner, Tim Eyles, led the Taylor Wessing team which included Richard Clifton, Nick Hazell, Jon Blackburn, Dan Beckett, Max Remington-Hobbs (Corporate), Gareth Morgan (IP) and Mark Smith (Pensions).

Taylor Wessing also advised Rutland in May 2002 when it formed Interfloor following the acquisitions of Duralay and Gates Consumer & Industrial for a combined purchase price of £60 million.