Alantra advised the shareholders of aerospace components supplier Shimtech Industries Group on the $220 million sale of the business to Auctus Industries

Apr 2015

Sell-side advisory

Value $220 million

Alantra has advised the shareholders of aerospace components supplier Shimtech Industries Group on the $220 million sale of the business to Auctus Industries.

Shimtech is a specialist supplier of high-performance composite structures, assemblies and precision-engineered details to the global aerospace industry. In particular, it is the largest manufacturer of aerospace shims and laminated shim material in the world and is also a leading producer of thermoset composite laminates and structures.

Under the ownership of Bridgepoint Development Capital (‘BDC’), and led by Shimtech CEO Howard Kimberley, the business has grown consistently, made successful acquisitions and remains set for further growth.

Following an unsolicited approach by Auctus Industries, Alantra supported the shareholders to manage and drive negotiations with the buyer.This included oversight of an extensive due diligence exercise and support concluding a complex, multi-jurisdiction legal and manufacturer approval process. Auctus Industries completed the transaction with the backing of Inflexion Private Equity, Ares Capital Management and the Shimtech management team.

The successful outcome of the process delivers an exit for Bridgepoint and an excellent return on their original investment.