Lone Star Funds $1.4 billion acquisition of Hanson Building Products

Overview:

• Lone Star acquired Hanson Building Products from German building materials company Heidelbergcement for $1.4 billion. 
• Hanson manufactures concrete pipes in North America and clay bricks in North America and the UK. 
• Since the sale Hanson has been rebranded Forterra.
• The US fund financed the deal through two term loans ($635 million senior and $260 million junior lien) and a $150 million asset-based loan.  
• Citi, Credit Suisse and Barclays were financial advisors to Lone Star.
• Deutsche Bank, BNP Paribas and Bank of America Merrill Lynch acted as financial advisers to HeidelbergCement.
• Shearman & Sterling led for Heidelbergcement on international law and Pinsent Masons led on UK law. 

Ben Naylor - Regional Editor