Private equity firm Atlas Holdings has withdrawn from its potential takeover of UK construction materials supplier BRCK Group after failing to secure what it described as sufficient access to company information ahead of a regulatory deadline, according to a report by Reuters.
The US-based investor said its decision followed limited due diligence access, including a virtual data room and a brief management session with BRCK’s chief executive, which it considered inadequate to progress a binding offer. Atlas had also sought an extension under UK takeover rules to complete its review, but said the company’s board declined to grant additional time, effectively ending the process.
Shares in BRCK, which is based in Bracknell, fell sharply on the news, dropping as much as 18% during trading.
BRCK rejected Atlas’s initial indicative offer of 65 pence per share in March, arguing that it materially undervalued the business. The company maintained that it had provided extensive information and engagement opportunities throughout discussions, including additional meetings and data access, which Atlas chose not to pursue further.
In its own response, BRCK said Atlas’s statement did not accurately reflect the level of engagement offered during talks over the past month.
Alongside the announcement, BRCK reiterated its outlook, forecasting adjusted operating profit of approximately £52.3m for 2026, up 4.4% year-on-year, with revenue expected to rise 1.2% to around £645m.
