Darwell Fabrications case study

Article Abstract:

Venture capital firm Gresham Trust has successfully concluded the almost 10 million pounds sterling management buyout/buyin of Darwell Fabrications, a precision engineering firm in Birmingham, England. It took around four months to complete the deal. The financial structure consisted of around a third equity from Gresham and two-thirds senior debt and working capital facilities from Allied Irish Bank. Gresham continues to hold a large minority.

Acquisitions Analysis, Acquisitions and mergers, Financial analysis, Darwell Fabrications, Gresham Trust

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Devtec underlines Ireland's hi-tech ambition

Article Abstract:

High-technology engineering firm Devtec was set up in the 1980's by Irish airline Aer Lingus. The company, which specializes in providing high-tech engineering services to the aerospace industry, came to the attention of U.S.-based Marotta Scientific Controls, a world leader in advanced fluid control systems. It was felt that the two companies' fields of expertise could be developed into a successful partnership. In 1994, Aer Lingus began disposing of its non-core activities, including Devtec. Marotta's chairman Tom Marotta approached Devtec's management and invited them to join him in bidding for the company, which changed hands in 1995.

TRANSPORTATION BY AIR, Air Transportation, Usage, Airlines, Air transportation industry, Civil aviation, Aer Lingus Group PLC, Marotta Scientific Controls Inc., Devtec

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Round & round in circles

Article Abstract:

The increasingly negative attitude in financial markets towards smaller companies was the driving force behind the $201.5 million public-to-private deal for engineering group Concentric in 1998. The bidder team was made up of a group of managers, along with NatWest Equity Partners as provider of equity finance and Royal Bank of Scotland as provider of debt finance. It was vital to obtain the views of Concentric's 11 institutional shareholders on public-to-private deals before detailed negotiations could take place.

Concentric PLC

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