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Langley is a roofing supplier and distribution business, predominantly to public sector projects in London. Under new ownership, expansion of the Langley’s business towards commercial work and projects outside of London is intended, whilst also capitalising on the increasing spending recently announced by the government into the “Decent Homes” social housing projects and “Building Schools for the Future” projects.
The deal was wholly debt funded by banks and vendors with Simon Wakeling, the outgoing Managing Director, who is appointed a non-executive director of Langley UK Limited, retaining a 25% stake in the group.
Cooperative Bank plc, led by Tim Jones, has provided a 5 year term loan facility. Haslers Corporate Finance LLP, led by Simon Blake and supported by Dominic Dumville, advised Tony Silvestri and Langley UK Limited, sourced the debt funding and coordinated the transaction over a 12 month period through the worst banking crisis in many years.
News
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RIBA Enterprise Welcomes Langley
Langley Waterproofing products can now be specified from RIBA Product Selector and NBS (National Building Specification) Building Software.
1st September 2010 | Read Full Article » -
New Case Studies to view
Langley complete two more prestigious flat to pitch projects.
21st April 2010 | Read Full Article » -
Web Site Updated
Our Site has new features and downloadable content.
5th January 2010 | Read Full Article »