The corporate team at Flint Bishop Solicitors has advised Altrad Beaver 84, a subsidiary of the Altrad Group, on becoming the major shareholder in the Star Events Group – a leading scaffolding and seating provider to global events such as The Royal Windsor Horse Show, V Festival and Download Festival.
The Altrad Group, an €800M multi-national business based in Montpellier, France, already manages a number of products in the events sector.
And this major shareholder acquisition is part of their growth strategy in the competitive events sector – where they already operate from 12 UK locations.
Ran Oren, Partner and Head of Corporate at Derby-based Flint Bishop Solicitors, comments: “This multi-million pound shareholder acquisition is the perfect fit for Altrad Beaver 84 and Star Events Group. For some time Star had been aware of the need for substantial investment to ensure their industry leading status.
They are we well known for their ingenuity, expertise and equipment, which compliments Altrad Beavers 84’s own portfolio in the events sector – and fits perfectly with their growth plans.”
This is the sixth acquisition by Altrad in recent years, as they continue to consolidate their market share in the UK scaffolding industry.
And in line with the previous acquisitions, they will not change the make-up of the successful Star Events team.