Deutsche Numis acted as joint bookrunner on CRH’s £115m sell-down in SigmaRoc

In 2024, SigmaRoc made the transformational acquisition of CRH’s European lime business for the total consideration of c.£870m. As part of that acquisition, CRH (£54bn market cap) rolled c.£80m of the consideration into SigmaRoc shares and consequently became the largest shareholder in SigmaRoc.

Deutsche Numis was appointed as joint corporate broker to SigmaRoc in March 2024 and since appointment we have helped to introduce a number of high quality new investors onto the SigmaRoc share register, a number of which provided a key role in supporting this secondary sell-down.

The strength of Deutsche Numis’ investor connectivity and market intelligence were key factors behind our ability to identify sufficient institutional demand to facilitate a sell-down of CRH’s entire 15.4% stake at just a 4.8% discount to the prevailing share price.

We are delighted to have acted as joint bookrunner on the £115m secondary block sale of CRH’s holding in SigmaRoc. The strength of our investor connectivity and market intelligence were key factors behind our ability to identify sufficient institutional demand to facilitate a sell-down of CRH’s entire 15.4% stake at just a 4.8% discount to the prevailing share price. Jamie Loughborough, Co-Head of Equity Capital Markets, Deutsche Numis