MMS advises on latest Rok acquisition

MMS recently advised Rok plc on its acquisition of the entire issued share capital of Richardson Projects Holdings Limited. Main Market client Rok purchased the Northern-based business from the Richardson family and management at a cost of £22.5m (cash and equity). The target business specialises in the provision of new-build and refurbishment services to the social housing sector, which fits well with Rok's strategy to increase its northern presence in that sector. The deal was one of many completed before the UK's new capital gains tax regime came into force on 6 April.