Travers Smith LLP has advised new client Inflexion on its minority investment in Huws Gray Limited (Huws Gray), one of the largest independent builders merchants in the UK.
The Travers Smith team was led by Private Equity Partners Lucie Cawood and Will Yates who were supported by Private Equity Associates Katie McGarry, Lauren Causon, Max Conway and James Sherlock. Tax advice was provided by Head of Tax Simon Skinner who was supported by Tax Associates Angela Tang and Thomas Margesson.
Huws Gray, founded in 1990 in Anglesey, Wales, with one location, now operates from 57 trading locations with almost 800 staff. Over recent years, the company has achieved strong growth organically and through acquisitions.
Huws Gray will continue to be majority owned and led by the existing management team led by John Llewelyn Jones and Terry Owen.
The deal was made by affiliated funds advised by Inflexion Private Equity Partners LLP.
The existing shareholders of Huws Gray were advised by Addleshaw Goddard LLP.