February 23, 2016
Industrials and Industrial Technology
Stephen Georgiadis, Oliver Vaughan, Declan O’Connor
GCA Altium advises Stirling Square Capital Partners on its acquisition of Mettis from Chamonix Private Equity
GCA Altium acted as exclusive financial adviser to Stirling Square Capital Partners on its acquisition of Mettis, a leading international provider of precision-forged and machined components used in performance-critical aerospace and structural applications, from Chamonix Private Equity.
Mettis offers a fully integrated platform from initial design and development through to forging, machining, finishing and testing. It supplies aerofoils, forgings and components to the civil and military aerospace industry and its global customer base includes Airbus, Boeing, Rolls-Royce, Spirit and GE. With a skilled workforce of over 500 employees, Mettis operates from a single purpose-built facility in Redditch, England.
Founded in 2002, Stirling Square Capital Partners is a pan-European private equity firm which invests in mid-market companies with enterprise values of between €50m and €500m. The firm manages three funds and a number of co-investment positions and currently has over €1 billion of assets under management. Stirling Square Capital Partners has recently closed its Third Fund at its hard cap of €600m.
Julien Horreard at Stirling Square said: “We are delighted to be supporting this ambitious management team in the future development of one of the UK’s leading manufacturers of forged components for the aerospace industry. Aerospace is a sector known well to Stirling Square and together with the management team, we are committed to implementing an ambitious growth plan for Mettis, including further sector consolidation.”
Stephen Georgiadis, Managing Director at GCA Altium, said: “We are pleased to have helped Stirling Square to complete the acquisition of Mettis. With the backing of Stirling Square, Mettis’ management team is well placed to continue its international expansion as a major supplier to the global aerospace industry.”
This latest transaction sees GCA Altium build on its track record within the aerospace sector. Other recent transactions in the sector include the sale of Beontra to Lockheed Martin and the sale of Aviaso to Honeywell.
Terms of the transaction were not disclosed.