STARK sold to US private equity firm
November, 2017 - Copenhagen, Denmark
Ferguson plc, a world-leading plumbing and heating supplier, has agreed to sell building materials chain STARK to a US private equity firm in a deal worth around DKK 7.7bn. Plesner assisted Ferguson with the transaction.
STARK GROUP, the largest building materials chain in the Nordic countries, was sold to US private equity firm Lone Star.
Ferguson plc received around DKK 7.7bn for STARK GROUP which in addition to the building materials business in Denmark also comprises STARK in Greenland and Finland, Beijer Byggmaterial in Sweden and Neumann Bygg in Norway.
STARK GROUP is sold as part of Ferguson's strategy to phase out its Nordic activities. Earlier this year Ferguson also sold the building materials chain SILVAN to German private equity fund AURELIUS Group.
The transaction is subject to approval from the competition authorities.
