Kingspan Group plc (ISE:KRX) signed a definitive agreement to acquire Trimo d.d. from Innova Capital Sp. z o.o. on August 20, 2020. Trimo d.d. reported revenue of just over €100 million. The transaction is subject to regulatory and antitrust approval. The Commission now has 90working days, until 20 August 2021, to take a decision. The proposed transaction was referred to the Commission on 23 October 2020 and notified on 3 March 2021.The transaction is expected to close during the fourth quarter of 2020. Alantra, LLC acted as a lead m&a financial advisor, PwC Advisory spólka z ograniczona odpowiedzialnoscia sp.k. acted as a financial advisor, PricewaterhouseCoopers Sp. z o.o acted as an accountant, Rymarz Zdort acted a lead legal advisor, Jadek & Pensa and Prica & Partners acted a legal advisor to Innova Capital.

Kingspan Group plc (ISE:KRX) cancelled the agreement to acquire Trimo d.d. from Innova Capital Sp. z o.o. on January 26, 2020