International legal practice Osborne Clarke has advised Cenkos Securities plc on a £93 million placing for AIM-quoted Brickability Group plc, a leading construction materials distributor.

The net proceeds of the placing receivable by Brickability will be used to fund the acquisition of Taylor Maxwell Group, a leading supplier of timber to the construction industry. The placing consisted of a primary placing of £55 million and a secondary placing of £38 million to meet market demand.

Cenkos acted as nominated adviser and sole broker in connection with the transaction.

The Osborne Clarke team that advised Cenkos on the transaction was led by Partner Jonathan King who was assisted by Senior Associate Ed Nisbet and Associate Oliver Woods. The same Osborne Clarke team advised Cenkos on the IPO of Brickability in 2019.

Osborne Clarke’s Corporate team, which is Band 1 ranked for Capital Markets: AIM by Chambers, is considered a go-to practice for many companies, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.

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