K3 Capital Advisory advised 4D Capital on the carve-out acquisition of Hepworth Clay from a listed global group, providing bid strategy, transaction structuring and a competitive debt raise to fund the purchase. The mandate combined buyside advisory and debt advisory disciplines to deliver a complete acquisition solution.
Hepworth Clay is a UK manufacturer of clay drainage and sewer systems with a long operating history and an established position in the building materials supply chain. The business was identified by 4D Capital as an acquisition target within a listed group that was rationalising its portfolio — creating a time-sensitive carve-out opportunity that required both acquisition capability and debt structuring at pace.
K3 Capital Advisory provided 4D Capital with a fully integrated advisory service across bid preparation, counter-party negotiation and debt raise. The financing structure required a competitive approach to lenders who understood both the asset quality of the clay manufacturing business and the carve-out execution risk inherent in separating it from a listed parent. K3 Capital Advisory ran both workstreams simultaneously, ensuring the debt terms were in place before the acquisition completed. The transaction demonstrated K3 Capital Advisory's ability to support buyers who need financial advice and funding execution delivered as a single coordinated process.