Duke Street Capital has supported the management buyout of global engineering firm Deloro Stellite from erstwhile owner Vision Capital, in a deal rumoured to worth around €165 million.
Operating from nine manufacturing sites across Europe, North America and the Far East, Deloro’s blue-chip client base currently includes the likes of Siemens, Rolls Royce, Ferrari and GE. This enabled the group to generate revenues in excess of $200 million last year.
Duke Street says it will provide additional equity to help grow the business. It will also offer proactive assistance to identify and secure potential acquisitions.
‘Deloro Stellite is an outstanding business,’ boasts Duke Street partner John Harper, ‘we are looking forward to maximising opportunities for the company, for the benefit of staff and investors alike.’