AIRCRAFT TYRE MAKER AQUISITION NAMED DEAL OF THE MONTH
A private equity's acquisition of an aircraft tyre maker has scooped Insider'sDeal of the Month.
Liberty Hall Capital Partners snapped up Birmingham-headquartered Dunlop Aircraft Tyres in a deal valued at $135m (£105.9m) in June.
Its products are found on more than 150 commercial, regional and military aircraft platform and serve more than 300 customers worldwide. The group employs 570 staff at facilities in Birmingham, Mocksville in the US and Jinjiang in China.
The Dunlop Aircraft Tyres transaction is Liberty Hall's first investment in a business that focuses on aftermarket products and services to the global aerospace sector.
Dunlop's management team, led by chief executive Gordon Roper, will remain in their roles.
Liberty Hall was advised by Macquarie Capital (Europe), while funding for the acquisition was provided by Royal Bank of Scotland’s Corporate Transactions Team, Permira Credit Solutions Funds and Macquarie Corporate Holding Pty (UK branch). Legal advice to Liberty Hall was provided by Gibson Dunn & Crutcher.
The sellers and management were advised by Rothschild & Co. Legal advice to the sellers was provided by CMS Cameron McKenna Nabarro Olswang and legal advice to management was provided by Macfarlanes.
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