Sell side

Sector: Automotive manufacturing

BUSINESS DESCRIPTION

UK headquartered precision engineering company offering high-end engineered & manufactured solutions for aerospace, defence and other sectors.

DATE:

January 2024​

SITUATION

• The Group experienced a withdrawal of its working capital banking facilities creating an immediate funding requirement and a 2-week cash runway to achieve a solution for the business.

A&M ROLE AND OUTCOME

• The Group engaged A&M to commence an accelerated M&A process.​
• In a 2-week period, A&M facilitated multiple solvent offers for the business.​
• A financial investor consolidator (Rcapital) with a significant portfolio in the industry was subsequently identified as the preferred bidder.
• The transaction was subject to National Security and Investments Act (2021) (“NSIA”) approval. We therefore worked with the Company and bidder to facilitate an appropriate debt funding structure to support the cash flow during the period, whilst the NSIA approval process was undertaken and solvent equity transaction completed.