Inflexion acquires Marley

Equity for this deal was drawn from Inflexion Buyout Fund V, which closed on £1.25bn in May 2018. The fund deploys equity tickets of £10-200m.

The vendor of the company is Belgium-based Etex, a building materials firm. In 2018, Etex's roofing division, which includes the Marley, Creaton and Eternit brands, generated €814m in revenues. Profitability for Marley increased as a result of enhanced operational performance in its factories and tightly controlled overheads, according to Etex's annual report in 2018.

Previous funding
Etex acquired Marley in 1999; in 2005, the company merged Marley with Eternit.

In 2016, Marley acquired timber roofing batten provider John Brash & Co for £13m.

Company
Founded in 1924, Marley manufactures and supplies roofing products, including concrete and clay tiles, and roofing accessories. Based in Staffordshire, the company employs 600 people in five manufacturing sites and two distribution centres.

People
Inflexion Private Equity Partners – Stuart Robinson (partner); Rochard Booth (investment director); Adam Moss (investment executive).
Marley – David Speakman (general manager).

Advisers
Equity – Rothschild (corporate finance); Travers Smith (legal); Deloitte (corporate finance); PwC (financial due diligence, tax).
Vendor – Lazard (corporate finance); Freshfields Bruckhaus Deringer (legal).

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• Topics
• Buyouts
• UK / Ireland
• Industrials
• United Kingdom
• Inflexion Private Equity
• Rothschild
• Travers Smith
• Deloitte
• PwC
• lazard
• Freshfields Bruckhaus Deringer