Squire Patton Boggs has advised leading mid-market private equity firm LDC on exiting its investment in Sigmat, a UK market leader in light-gauge steel framing, to Etex, the international building products group.
The Squire Patton Boggs team was led by Corporate partner and head of UK Private Equity Paul Mann.
Headquartered in Leeds, Sigmat is a leading provider of light-gauge steel framing and one of the UK’s first fully integrated offsite construction companies. Since its founding in 2001, Sigmat has rapidly grown into a leading European manufacturer of cold-rolled steel components and panelised structural steel frames.
LDC invested in Sigmat in September 2016 to support its organic growth strategy. During its partnership with LDC, Sigmat expanded in the UK, created more than 100 jobs and increased revenues by approximately 75%. The transaction will enable Sigmat and its existing management team to drive further growth within the UK as part of Etex.