2012 has take off for Momentum Corporate Finance
Momentum Corporate Finance has started 2012 in flying form with the completion of the £8.5 million management buyout of Aero Stanrew Limited.
£8.5 million
We were delighted with the advice provided by Momentum Corporate Finance. From the moment we met them they delivered on their promises. In particular the personal expertise and enthusiastic involvement of Rob and Alastair, the partners, was a key differentiator for Momentum. From unlocking the deal with the owner to raising the necessary funding they guided us through the entire MBO process. We would unreservedly recommend them to any team considering a buy out.Clive Scott, Managing Director
Momentum Corporate Finance has started 2012 in flying form with the completion of the £8.5 million management buyout of Aero Stanrew Limited. Aero Stanrew is the UK's leading supplier of complex electromagnetic modules and electronic systems to the aerospace sector.
The business employs approximately 170 staff, is headquartered in Barnstaple with a manufacturing site in Tunisia and has a blue chip client base including Rolls Royce, Goodrich, Thales and GE.
Momentum advised the management team, negotiating commercial terms with the outgoing vendors and arranging funding for the deal on behalf of management. Private equity was provided by WestBridge Fund Managers with HSBC providing structured debt facilities. The MBO was led by the Managing Director, Clive Scott, and his management team, who together have a combined total of 40 years within the business.
- Momentum negotiated a majority equity position for the management team, with equity funding provided by private equity house WestBridge Capital.
- Momentum advised the management team from inception to completion of the buyout, including the negotiation of commercial terms and selection of equity and debt providers.
- The deal underlines Momentum's credentials as the West and South-West's leading adviser to entrepreneurial management teams.
- Please click here to see the Newsco Insider news article.
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