Acquisition: Likewise Group Plc
Likewise Group Plc (Likewise), a UK distributor of domestic and commercial floor coverings and matting, has announced its successful acquisition of Heatseam Limited (Heatseam) and its re-admission to TISE, raising a total of £7.5 million.
Heatseam is a wholesale supplier of flooring to the English and Scottish markets, primarily focused on independent retailers in the residential sector. The acquisition of Heatseam provides Likewise scale and a distribution infrastructure to develop its floor covering business in both the residential and commercial markets throughout England and Scotland.
Crowe's role and team
Crowe acted as reporting accountant to the transaction, with our capital markets team led by Mitesh Patelia and supported by James Swan and James Richardson.
Client quote
"Once again, the Crowe team provided invaluable advice and support which provided a smooth journey through the acquisition and subsequent re-admission."
Tony Brewer, CEO, Likewise Group Plc
