© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Silverfleet Capital to Acquire Sigma Components
Posted 4th May 2016

Silverfleet Capital to Acquire Sigma Components

Silverfleet Capital, the European private equity firm, has today announced its agreement to acquire a majority stake in the aerospace division of Avingtrans Plc (“Sigma Components” or “Sigma”), a UK precision engineering components manufacturer for the commercial aerospace sector.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Silverfleet Capital to Acquire Sigma Components
Image

Silverfleet Capital, the European private equity firm, has today announced its agreement to acquire a majority stake in the aerospace division of Avingtrans Plc (“Sigma Components” or “Sigma”), a UK precision engineering components manufacturer for the commercial aerospace sector.  Sigma is being bought for an enterprise value of £65.0 million and its existing management, led by its founding CEO, Mark Johnson will acquire a minority interest.  Completion of the transaction is subject to Avingtrans Plc shareholder approval and regulatory approvals from the German and Austrian competition authorities. 

Sigma operates from four sites in the UK and two sites in China employing approximately 750 people and serves global aerospace customers including Rolls-Royce, Safran, Airbus, Bombardier and BAE Systems.  It has a team of over 40 engineers and has a strong track record of bringing new products to market.   

Over the last few years Sigma Components has successfully grown, both organically and by acquisition, to become an international leader in its chosen niche markets of aerospace pipes, ducts, fabrications and precision surface finishing.  Most recently in March 2016 Sigma bought pipe manufacturing sites in Nuneaton in the UK and Xi’an in China from Rolls-Royce, which are complementary to its existing pipe portfolio. 

Debt financing for the transaction is to be provided by HSBC and Santander. Completion is expected to occur no later than the end of May 2016.

Mark Johnson, CEO of Sigma, commented:

“We welcome the investment by Silverfleet as we believe they are an ideal partner to support Sigma in its next growth stage.  We have identified some exciting opportunities for broadening our manufacturing capabilities and developing our relationships with new and existing customers and look forward to taking the business to the next level.”

The transaction was led by David MacKenzie, Partner at Silverfleet Capital, who has responsibility for the UK manufacturing sector, and was supported by Sumit Dheir, Investment Executive, and Adam Ahern, Associate.  David MacKenzie commented:  

“We are delighted to be partnering with Sigma, a market leader with excellent growth dynamics.  Silverfleet has a strong track record of investing in manufacturing businesses and we see an ideal opportunity to develop Sigma, which operates in a fragmented market place, both domestically and internationally.”

Silverfleet has been an active investor in the manufacturing sector.  It recently announced an agreement to sell Kalle, a German headquartered manufacturing business, which saw substantial growth during Silverfleet’s ownership.  Last month it also announced an investment in Coventya, a French headquartered specialty chemicals business.  Its current portfolio of manufacturing businesses also include Cimbria, one of the leading global manufacturers of seed and grain processing equipment and a camera systems and image processing manufacturer, Phase One.

Silverfleet was advised by KPMG (corporate finance), Macfarlanes (legal), Deloitte (financial and tax due diligence and tax structuring), Victanis and Peter Woolfrey (commercial due diligence), ERM (environmental due diligence) and Aon (insurance due diligence).  

Categories: M&A, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
The Future of Salon Management: Embracing Technology for Better Results
Innovation
03/03/2023The Future of Salon Management: Embracing Technology for Better Results

Salon management has changed drastically in the past few decades. From the adoption of modern technologies to more efficient operational systems, salons have made significant strides in improving their services.

Read Full PostRead - Eye Icon
Protecting Yourself Against a Recession
Strategy
28/05/2020Protecting Yourself Against a Recession

The coronavirus outbreak has spread to businesses, leaving many around the world counting costs. Notoriously, known as the Great Lockdown, it’s been affecting the world economy since early this year. The predicted recession is considered to be the steepest e

Read Full PostRead - Eye Icon
Taking a Bite Out of Apple
Innovation
24/06/2015Taking a Bite Out of Apple

Taylor Swift trumps technology giant, Apple, as they back down over royalties row.

Read Full PostRead - Eye Icon
American Express Survey Reveals UK Businesses Are Maintaining a Prudent Approach to Business Growth
Finance
02/03/2015American Express Survey Reveals UK Businesses Are Maintaining a Prudent Approach to Business Growth

Caution typified by the recession era still prevails, says American Express

Read Full PostRead - Eye Icon
Why Every Entrepreneur Should Invest In A Gold IRA
Finance
19/05/2023Why Every Entrepreneur Should Invest In A Gold IRA

In the face of enduring global challenges, it's become crystal clear that financial literacy is not just a luxury but a necessity. The unpredictability of the current economic landscape has spurred entrepreneurs worldwide to seek out robust financial strategie

Read Full PostRead - Eye Icon
What Soft Skills Can Trading and Investing Give You
Finance
29/01/2021What Soft Skills Can Trading and Investing Give You

We hear and read a lot about what skills you need in order to succeed at investing. Everyone wants to know the secrets to success, and what skills they need to work on to be able to get there. But what about the benefits that trading can give you as a person a

Read Full PostRead - Eye Icon
Leading the Way in Aesthetic Dermatology
Innovation
06/05/2020Leading the Way in Aesthetic Dermatology

There are exceptional scientists in all fields, and then there are the truly outstanding specialists in their unique fields. Dr Desmer Destang is one such individual, having been highly regarded as one of the finest orthodontic and oro-facial orthopaedic speci

Read Full PostRead - Eye Icon
How much are companies spending on employee breaks?
Leadership
12/07/2019How much are companies spending on employee breaks?

Keeping a close eye on your companies’ finances is an important role – but do you know how much your employees are costing you when there taking a break? Inn Supplies, leading supplier of paper coffee cups, looks in detail at the costs:

Read Full PostRead - Eye Icon
Ely Gold Announces Sale of Isabella Property to Gold Resource Corporation
Finance
11/01/2017Ely Gold Announces Sale of Isabella Property to Gold Resource Corporation

Ely Gold & Minerals Inc.is pleased to announce its wholly-owned subsidiary, Nevada Select Royalty, Inc. has executed a purchase agreement for the sale of its 100% owned Isabella property located in Mineral County, Nevada to Walker Lane Minerals Corporation, a



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 14 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