LDC helps AIM MBO fly
Who?
LDC, the Midlands-based private equity provider.
Did what?
Has completed a “significant investment” into the management buyout of Dorset-based AIM Aviation, a provider of cabin interior design and build services in the airline industry.
What does this mean?
The AIM deal forms part of LDC’s continuing strategy of investing in leading mid-market businesses and builds on its £120m of funding invested in six previous deal transactions so far in 2010.
Who advised?
Andy Currie and Jeremy Harrison at Catalyst Corporate Finance, Richard Edwards and Guy Thomas at Deloittes provided financial advice, and Sue Lewis and Louise Fleming at Eversheds were legal advisers to LDC. Banking facilities were provided by Paul Whitehouse and Andy Taylor at Lloyds Banking Group and Peter Talbot and David Jamieson at RBS.
Insider comment:
This deal represents LDC Midlands’ fourth investment in 2010, and the company say it “reflects our ongoing desire to invest through the cycle”. AIM, which consists of three individual trading groups, Jecco, Henshalls and Composites, has established good relationships with prominent airlines, airframes and military authorities. Martin Draper, Managing Director LDC Midlands, added:
“AIM is a high-quality business where all three companies have strong positions within their respective markets. LDC has a history of working with progressive specialist manufacturing businesses and we are delighted to be making an investment in AIM.”
