Wragge & Co LLP Corporate group has advised FTSE-listed Hill & Smith Holdings PLC on the €23.7 million acquisition of a minority holding in Zinkinvent GmbH. A simultaneous second transaction involved the disposal of Zinkinvent's German and Benelux operations.

In the first transaction, Hill & Smith has acquired the remaining 31.8% minority shareholding in German investment company Zinkinvent. It is now a wholly owned subsidiary of Hill & Smith.

In the second transaction, Hill & Smith has agreed to sell the entire issued share capitals of Galva Holding Company NV, together with its subsidiaries, for a total consideration of €29.9 million. The Hill & Smith Group will retain a 68.2% shareholding in subsidiary, Galva Belgium 2 NV.

Corporate director Andrew Glaze led the Wragge & Co team, supported by associate Natalie Singh and solicitor Louise Baillie. The team advised Hill & Smith in connection with its circular to shareholders and compliance with listing rules requirements. Associate Andrew Maxwell provided antitrust advice. The team worked closely with John Humphreys and Joel Whitehouse at Hill & Smith. Managing partner Barbara Mayer at Graf von Westphalen and Ysabelle Vuillard of Lydian also advised.

Andrew Glaze said: "These transactions are the third in a series of deals that have seen Hill & Smith acquire Zinkinvent as a wholly owned subsidiary. During the three-year process, we have consolidated our position as a valued adviser to Hill & Smith and demonstrated our mid market expertise in the equity markets arena."

John Humphreys said: "Over the years, Wragge & Co has consistently delivered excellent support and commercial advice. We look forward to working with the team on future projects."

FTSE-listed Hill & Smith Holdings PLC is a supplier of infrastructure, galvanized steel and construction products in the UK, Europe and the US.

Wragge & Co's 70-lawyer Corporate group is a mid-market specialist, working with clients ranging from global brands to private companies. Operating as one team from London and Birmingham, it specialises in mergers and acquisitions, private equity, IPOs, joint ventures, public takeovers, share schemes, complex corporate structuring and tax. Latest M&A highlights include advising new client Canadian-based Linamar Corporation on its acquisition of the former Visteon automotive manufacturing facility in Swansea, Wales.

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For further information about this press release, contact Kathryn Hobbs on +44 (0)121 213 2397, Alexa Highfield on +44 (0)121 213 2396 or Amie Ryalls on +44 (0)121 213 2360

This press release may contain information of general interest about current legal issues, but does not give legal advice.