Member Article

PKF Cooper Parry team advises on aerospace deal

The Corporate Finance team at Midlands-based Cooper Parry Corporate Finance has advised the shareholders of Tier 1 aerospace supplier North West Precision on the sale to USA PE backed Arlington Industries Group.

The team, led by Ben Rookes, were lead advisers to the shareholders at Birkenhead-based North West Precision Limited. The company specialises in the manufacturer and supply of fasteners, cutting tools, tools and aircraft components and has more than 30 years’ experience in supplying high quality components to the likes of Airbus, Hawker Beechcraft and BAE Systems.

Arlington Industries Group, a portfolio company of USA private equity firm Cartesian Capital, is a global supply chain consolidator. Through its aerospace division Arlington Aerospace, the Group’s integrated offering now combines design, manufacture, metrology, service and maintenance and PPM (planned preventive maintenance) from a single source.

Legal advice to North West Precision Limited shareholders was provided by ­­­­­­­Austin Moore & Partners LLP.

Cooper Parry through its membership of Global M&A, has impressive aerospace credentials. The team recently appointed aerospace expert Clive Snowdon as industrial advisor and the French Global M&A member is advised by Noel Forgeard who was previously CEO of Airbus. The aerospace sector team also has strong representation in the USA led by Brian Murphy from partner firm Meridian Capital based in Seattle.

Global M&A is one of the world’s leading M&A advisory partnerships and has over 200 investment bankers and senior advisors across 50 countries. This gives it unique access to investors, buyers and sellers in each of the key industry locations across the globe.

Commenting on the deal, Ben Rookes Corporate Finance Director at Cooper Parry, said:

“We are delighted to have acted for the shareholders of North West Precision on the sale Arlington Industries. M&A activity in the aerospace sector continues to be buoyant with consolidation amongst the OEM supplier base and a record level of order backlogs continuing to drive deals in the sector from both strategic buyers and private equity firms.”

Globally the corporate finance team at Cooper Parry provides corporate finance expertise for corporate transactions including acquisitions, divestitures/disposals, mergers, joint ventures/strategic alliances, MBOs, valuations and succession planning.

Its specially assembled team of middle market merger and acquisition experts carry out a range of cross-border aerospace transactions across the €20m to €500m range. Sector team members work together to share industry knowledge, develop contacts and create deal opportunities.

This was posted in Bdaily's Members' News section by Donna Hill .