Kingspan Group plc (ISE:KRX) agreed to acquire Troldtekt A/s for approximately €220 million on February 18, 2022. The transaction is still subject to regulatory filings, with closing expected in Q2. Clifford Chance acted as legal advisor to Kingspan.

The Brussels M&A team was led by senior associate Patrice Viaene with the support from associate Stéphanie Reul. The team also had due diligence support from Clifford German team, partner Stefan Bruder and associate Nathalie Hemberger. Danish partner firm Plesner assisted with the Danish and Swedish due diligence.

As of April 29, 2022, The acquisition of Troldtekt has received competition clearances, and is expected to complete imminently.