Springboard Corporate Finance advised LDC on the £22.5m management buy out of Precision Micro from global aerospace group Meggitt PLC.
About the deal
Precision Micro is the market leading photo-chemical etching specialist in Europe, producing over 50 million high-precision metal components each year for major global manufacturing customers across multiple markets.
Mid-market private equity investor LDC led the £22.5m management buyout from global aerospace group Meggitt PLC. As part of the deal, LDC invested £13m of equity, with HSBC committing debt facilities.
How we made a difference
- Provided debt advisory services resulting in optimal structure and terms of the debt facilities, ensuring ongoing commercial flexibility;
- Supported the negotiation of the terms of the transaction with by quantifying the key commercial drivers of the business; and
- Performed in depth exit review, highlighting key areas of focus for value creation
Ian McMurray, Managing Director - Precision Micro
It has been a pleasure to work with Springboard. Their professional, flexible and straight-forward approach ensured that when inevitable issues arose they were proactively and expertly resolved.