Hampson Aerospace in private equity buy-out

Darwin Private Equity has acquired the aerospace machining division of Hampson Industries for £23.7 million, the firm's second deal since it was founded in 2007.

Hampson Aerospace Machining, which makes components for the commercial aerospace, military and power generation markets, will continue to be run by its existing management team led by CEO Mike Smith. Darwin has introduced John Hudson to the company as chairman and Jeff Walker as finance director, both of whom have worked with the firm on previous buy-outs.

The acquisition finance arm of Lloyds TSB Corporate Markets provided debt for the transaction, which follows Hampson Industries’ decision to focus on its advanced composites businesses in components and tooling systems.

Birmingham-based Hampson Aerospace, which will now trade as Bromford Industries, employs 300 people at three sites in the Midlands.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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