© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Privet Capital Acquisition of Aeroment from Black Diamond
Posted 4th August 2015

Privet Capital Acquisition of Aeroment from Black Diamond

Privet Capital Acquisition of Aeroment from Black Diamond

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Privet Capital Acquisition of Aeroment from Black Diamond

Privet Capital Acquisition of Aeroment from Black Diamond

Privet Capital, the investment company which specialises in helping businesses reach their full potential, has acquired Aeromet, a UK based manufacturer of metal castings for the aerospace industry, from US based Black Diamond Capital Management for an undisclosed amount. Aeromet is a world class foundry with a turnover of £20m per annum, specialising in complex castings for commercial and defence aerospace applications.

It serves large OEMs including Airbus, Boeing, Rolls Royce, Embraer, Bombardier and their Tier 1 suppliers such as Meggitt, Bae, GKN and GE Aviation. In fact, Aeromet is the only European investment casting foundry approved by Boeing. It employs more than 270 staff at two sites in Kent and one in Worcester. Aeromet has a long track record in innovation and has patented A20X, the strongest cast aluminium alloy available today. It continues to develop its manufacturing processes including 3D printing and high property SOPHIA casting. Vardhan Rajkumar, the former Chairman of Thermal Engineering, an aircraft components manufacturer, will join the Aeromet board as Chairman and Steve Keating, Managing Partner of Privet Capital will join as a non‐executive Director.

Jeff Smith, the current CEO will be retiring after 13 years with the business. Simon Holliday, currently the Operations Director has been appointed as Managing Director. Commenting, Aeromet MD, Simon Holliday, said: ‘We are delighted that Privet Capital has purchased Aeromet. With unprecedented demand for new aircraft, it is an exciting time in the aerospace sector. We look forward to working with Vardhan, Steve and other members of the Privet team as we roll‐out our growth plans to capitalise on this demand from existing and new customers.” Vardhan Rajkumar, Chairman, added: “Aeromet is a solid business with a strong management team, an enviable order book and world class customers. I am looking forward to helping the team capitalise on its track record, further develop operational capacity and build the market for its new alloy A20X.”

Categories: Finance, M&A


You Might Also Like
Read Full PostRead - Eye Icon
Solving the equity dilemma and funding the intangible economy
Finance
13/11/2019Solving the equity dilemma and funding the intangible economy

Alternative SME credit specialist Caple has supported EnSilica, a leading bespoke chip design and supply firm, with a £3.7m fully unsecured loan. This will enable EnSilica to continue its expansion into high-growth sectors including automotive, space and the

Read Full PostRead - Eye Icon
CEO of the Year – Wisconsin
Finance
02/02/2016CEO of the Year – Wisconsin

WEC Energy Group, Inc, (NYSE: WEC) is one of the nation’s premier energy companies, serving 4.4 million electric and natural gas customers in Wisconsin, Illinois, Michigan and Minnesota.

Read Full PostRead - Eye Icon
2016 Fund Awards FAQ
Finance
24/11/20152016 Fund Awards FAQ

2016 Fund Awards FAQ

Read Full PostRead - Eye Icon
Banking Industry Should Learn from Telecoms Sector in Approach to Product Sales
Finance
12/12/2016Banking Industry Should Learn from Telecoms Sector in Approach to Product Sales

Specialist management consultancy Baringa Partners responds to the news that HSBC has closed 200 branches this year.

Read Full PostRead - Eye Icon
What Do You Need to Know Before Starting a Business?
News
27/06/2023What Do You Need to Know Before Starting a Business?

The above question might be better phrased as "What don't you need to know to start a business?" There's an enormous amount to learn, and you have probably already taken in a lot of it, such as how to write a business plan, seek funding, or do marketing resear

Read Full PostRead - Eye Icon
Small Businesses Are Less Optimistic but May Still Need Additional Credit
Finance
20/08/2015Small Businesses Are Less Optimistic but May Still Need Additional Credit

During the third quarter of 2015, small businesses and middle market companies appear to be less optimistic as the year comes to a close and many are in the midst of budget planning.

Read Full PostRead - Eye Icon
10 Ways to Invest in Employee Development
Leadership
01/09/202210 Ways to Invest in Employee Development

According to the Investors in People website, up to 85% of employees aren’t currently engaged at work, while some 71% of the UK workforce report being dissatisfied with their career opportunities.

Read Full PostRead - Eye Icon
Pohjola Asset Management
Finance
21/05/2015Pohjola Asset Management

Helsinki-based OP Wealth Management’s R2 Crystal Fund invests in 10-15 different hedge funds across a wide range of strategies. Jussi Kärävä, Head of Fund Selection, told us more about its ongoing success.

Read Full PostRead - Eye Icon
How Your Business Can Benefit from UI Design
News
06/10/2021How Your Business Can Benefit from UI Design

Are you interested in hiring a UI designer to take your business to the next level? Here we are going to take a look at the different reasons why you should invest in a UI professional.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow