Eversheds has represented HSBC Private Equity on its purchase of the plumbing division of Caradon plc for £440 million ($636 million). Black Knight, the new company controlled by HSBC Private Equity, now owns one of the leading plumbing businesses in the UK. Last year the business had a turnover of £338 million and a profit of £41.5 million The business includes overseas operations in Austria, Belgium, the Czech Republic, France, Germany, Holland, Poland and Turkey.
November 01 2000