RSS
Market and Sector Type: 
Manufacturing

Fourfold return for Aberdeen

Article Date:  Jun 19 2008

Brookhouse, a maker of components for the aerospace industry, has been sold to US group Kaman. The sale of the Cheshire-based business for £43 million secured a fourfold return for investor Aberdeen Asset Managers Private Equity, according to the investment firm.

Francesco Santinon, head of investment at Aberdeen, comments: ‘The sale of Brookhouse to Kaman followed an intense 18-month process of developing the business with certain strategic buyers in mind.’

Aberdeen first invested in Brookhouse in May 2004, supporting a buy-out of the business. The company supplies parts to civil and commercial manufacturing programmes, including the Airbus A320 and the Joint Strike Fighter.

Kaman expects the acquisition of Brookhouse, which generated sales of £28 million last year, to be earnings-neutral in 2008, and slightly accretive in 2009.

Brookhouse has 450 staff based across two sites. Its business is split into three divisions: composites, tooling, and after-market services.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

VCT Special Report 2008

A comprehensive report on VCTs and over £1 billion in investment trusts just waiting to be invested in fast growth ventures.

Cash Shells 2008

A comprehensive overview of cash shells on AIM, companies that have become a significant feature on the AIM landscape.

More

Events Calendar

Rosenblatt New Energy Awards

25th February, Natural History Museum, Cromwell Road, London SW7 5BD

M&A Awards 2009

18th February, London Hilton, Park Lane, London

M&A Expanding internationally

27th November, Sofitel London St James

More

More News: Mergers & Acquisitions

Intertek deal to test Eastern Europe 

Intertek, a provider of safety services, has expanded its operations in Eastern Europe with the acquisition of a food testing laboratory in Poland.

Commoditrade takes control of AMCO 

Investment group Commoditrade has bought a controlling interest in a commodities fund with more than £65 million under management.

Moto picks up Roadchef site 

Motorway service station operator Moto Hospitality has expanded its operations on to the M3 after buying a business from a rival firm. 

More Manufacturing: Mergers & Acquisitions

Vending machine company in secondary buy-out

N&W Global Vending, an Italy-headquartered manufacturer of vending machines, has been bought by Barclays Private Equity and Investcorp.

Ultra’s Weed Instrument deal 

A London-based electronic systems supplier to the aerospace industry has expanded its US operations by acquiring a company in Texas.

Air Touring takes control of Socata Deutschland 

Aircraft engineering specialist Air Touring has become the sole owner of a German business after buying its JV partner’s shares.

Carlyle flies in to pick up Gardner 

Private equity giant Carlyle has bought a Nuneaton-based manufacturer and supplier of components to the global aviation industry.

Filtrona completes Lendell move 

A Milton Keynes-based plastics company has strengthened its operations in the medical sector with an acquisition in the US.

Advertisement

Related articles

Spice takes the plunge with Morrel

Support services group Spice has cemented the position of its distribution division by purchasing a water industry specialist.

NVM backs ex-Ithaca management team

The former management team of Ithaca Business Media has secured £7 million from NVM Private Equity to fund a new business. CloserStill Holdings has been created to purchase mid-sized exhibitions and event businesses, which the management believes it can sell on to larger players.

Macfarlane delivers Allpoint deal 

A Scottish packaging specialist has continued its plan to develop its distribution activities with the acquisition of a company in Hayes. Macfarlane Group could spend as much as £4.8 million buying Allpoint Packaging if agreed targets are met by the end of next September. 

Freshfayre acquired by turnaround specialist

Turnaround firm RCapital has acquired a majority stake in nationwide chilled food supplier Freshfayre for an undisclosed sum. Freshfayre’s MD Gary Bell, whose family owned the company for 25 years, remains in his role.

Poll

What's your reaction to the Pre-Budget Report?



Have your vote on current issues

People who read this also read

  • Danson in £12m SPG bid

    Entrepreneur Michael Danson’s Progressive Capital is offering 13p a share in an agreed bid for business-to-business concern SPG Media.

  • Ultra locates AudioSoft deal

    A technology group that makes electronic and electromechanical systems to support the defence, security and aerospace industries has continued its acquisition spree by adding a Gloucestershire company to its business. Ultra Electronics has paid £5 million for specialist data recording company AudioSoft.

White Papers

Better Roads

Serves the information needs of governments and construction contractors involved in Federal, State, County, City and Township highway, road and bridge construction, winter maintenance, roadside and vegetation management and other highway-related projects.

Defense Systems

Focuses on the "information-centric" transformation that is sweeping the defense and intelligence communities.

Governing

Is a monthly magazine whose primary audience is state and local government officials: governors, legislators, mayors, city managers, council members and other elected, appointed and career officials.

More

Free prize draw!

Complete our short survey and you could win a bottle of champagne.

Click here to enter the