Lone Star Funds agreed to acquire North American Gypsum assets from Lafarge S.A. (ENXTPA:LG) at an enterprise value of $700 million on June 24, 2013. Debt financing upto $490 millioni s done to finance the deal. In 2012, these operations generated sales of $310 million. The transaction is subject to the satisfaction of customary closing conditions and is expected to close very soon.

Citigroup, Inc. acted as financial advisor for Lafarge S.A. Clare O'Brien, Robert M. Katz, Laurence M. Bambino, Kristen M. Garry, Monica L. Holland, John J. Cannon III, Sean J. Skiffington, Jordan J. Altman, Michael J. Steinberg, Jason Y. Pratt, Nader Dabbo, Derrick Lott, Valerie I. Petein, Laura Mulry, Mary Jo Lang and Jocelyn Bush of Shearman & Sterling LLP acted as legal advisors for Lafarge. Jeffrey Chapman, Aaron Holmes, Jonathan Whalen, Caitlin Peterson and Roy Moran (corporate); Joerg Esdorn, Fred David and Ayesha Chatterjee (finance); Dan Angel (IP), Sean Feller, Karl Nelson and Krista Hanvey (labor and benefits); Tom McHenry and Julie Soic (environmental); Jeff Trinklein, Rebecca Schmutter and Justin Reda (tax) and Deb Cussen and David Egdal (real estate) of Gibson, Dunn & Crutcher LLP acted as legal advisor to Lone Star Funds. BNP Paribas Securities Services S.C.A. acted as financial advisor for Lafarge. Philippe Fortier, Charles-Antoine Souliere, Jacob Stone, Sébastien Thomas, Cindy Vaillancourt, Christian Meighen, Wendy Brousseau, Annie Mailhot-Gamelin, Rachel Solyom, Marie-Josée Marcoux, Nathalie Gagnon, Lorraine Allard, and Madeleine Renaud of McCarthy Tétrault LLP acted as legal advisors for Lafarge. Peter Keeley, Tim Power, Kevin Jordan, Bi Yong Chungunco, Kenneth Cathcart and Catherine Fagnan acted as in house advisor to Lafarge S.A. John Groenewegen, Justin Drake and Raphaël Amram (corporate), Nicole Cloutier (real estate), Dan Kirby (environment), Kimberley Wharram (tax), Jon Marin (pension and benefits), Colin Kelly (employment) and Kelly Moffatt (intellectual property) of Osler, Hoskin & Harcourt LLP acted as legal advisor to Lone Star Funds.

Lone Star Funds completed the acquisition of North American Gypsum assets from Lafarge S.A. (ENXTPA:LG) on August 30, 2013.