Gilbert + Tobin (G+T) advised CRH Plc (CRH) on its acquisition of a majority stake in Adbri Ltd (Adbri) by way of a scheme of arrangement, giving Adbri an implied equity value of A$2.1bn. CRH partnered with the existing major shareholder, the Barro family, on the transaction who have retained their shareholding.
Adbri is a leading Australian building products and construction materials group with origins dating back 1882. Adbri will complement CRH’s core competencies in cement, concrete and aggregates while creating additional opportunities for growth and development for its existing Australian business.
G+T supported long-standing client CRH across all aspects of the transaction.
Corporate Advisory Partner Karen Evans-Cullen led the matter, together with Partner Wes Bainbridge , and lawyers Mitch Frankland and Jasmine Haddad, who worked closely with colleagues across the firm, including Hiroshi Narushima, Louise Klamka, Philippa Hofbrucker, Alexandra Whitby and Jess McGuirk.
