International law firm Addleshaw Goddard has advised chemicals business Airedale Group Holdings Limited on the completion of a shareholder buyout.

Airedale is a value-add distributor and manufacturer of speciality and commodity chemicals. Founded in 1973 and based in Cross Hills, North Yorkshire it has a particular focus on the water treatment industry as well as sectors such as food and drink.

The deal involved Airedale raising debt financing to complete a buyout which sees executive chairman Chris Chadwick become majority shareholder, with the remaining shareholding shared amongst the senior management team.

Addleshaw Goddard's team included Richard Hunt, Becky Sabin, Shannon Hardcastle and Nazaneen Ahmadi (Corporate), Andrew Fordham, James Washington and Ellen Bower (Banking) and Martin Griffiths (Tax).

PwC's Debt & Capital Advisory team were lead advisers to Airedale on the transaction, and also provided financial due diligence and tax structuring. The funding for the buyout was provided by Pricoa Private Capital.