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.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Overview: understanding values and expectations of foreign employees creates a better company. Symbolic vs functional recruitment: cultural influences on employee recruitment policy
- Abstracts: Dresdner Bank continues to look into acquisitions. NatWest considers restructuring plan. Bank of Scotland adds cash to bid
- Abstracts: The tiger and the tech. Wo ist Goldilocks? Death of the salesmen
- Abstracts: France Telecom's board approves purchase of Orange. BT sells $10 billion in long-term bonds. BT shares plunge 18% on poor earnings outlook
- Abstracts: Qwest's net beats estimates; stock rebounds by 5.1%. MCI WorldCom posted strong rise in 4th-quarter net