Stevens & Bolton has advised Diploma plc on its acquisition of R&G Fluid Power Group for ca. £100m. Diploma is a distributor of products in the controls, seals and life sciences sectors and this deal adds a high quality aftermarket distribution business to its seals sector in the UK.
This is Stevens & Bolton’s second acquisition for Diploma plc which is listed on the main market of the LSE and is a constituent of the FTSE 250.
Steve Sargeant of Diploma plc commented “The Stevens & Bolton team went the extra mile to drive this transaction forward with great energy and professionalism, and we look forward to working with them on other acquisitions in the future.”
Joe Bedford, Partner at Stevens & Bolton commented “We are delighted to have worked on another important acquisition for Diploma and look forward to seeing them grow their capability in the seals sector.”
The Stevens & Bolton team was led by Joe Bedford and supported by James Floyd (corporate), Rebecca Minear (corporate), Jonathan Porteous (banking), Toby Cooper (banking), Charles Maurice (commercial), Edward Cummings (corporate), Rebecca Berry (employment), Emily Hocken (employment), Jonathan Cope (real estate), James Thomas (real estate), Mathew Boyle (pensions), Kate Schmit (tax) and Melanie Shone (tax).