Shaanxi Ligeance Mineral Resources (SLMR) completes its acquisition of Gardner Aerospace for £326m
LONDON | MONDAY 12 JUNE 2017
Further to the announcement made on Wednesday 16 November 2016 Shaanxi Ligeance Mineral Resources ("SLMR") and its subsidiary Chengdu Aerospace Superalloy Technology ("CAST") is pleased to announce its acquisition of Gardner Aerospace has now completed.
The transaction provides SLMR and CAST:
Access to a world class aerospace manufacturer of scale;
Strong European customer base with an order book in excess of €1 billion;
Experienced and international management team; and
Material opportunities for growth in both domestic markets but also exciting China / Asian growth markets
SLMR, which is listed on the Shenzhen stock exchange with a market capitalisation of £1.4bn, was advised by Steen Associates, Herbert Smith Freehills and KPMG in connection with the acquisition.
About Steen Associates
Steen Associates Ltd., founded in 2005 and present in Germany since 2011, acts as trusted adviser for public and private companies operating in the general industries and the aerospace & defence sector. With offices in London and Frankfurt, Steen Associate’s European Advisory’s business designs and executes strategic M&A and financing solutions. It combines the breadth of its advisory offering with industry specific insights to achieve a unique understanding and perspective into markets and participants globally.
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Contact Details
Joerg Freimund
Partner
Steen Associates
Frankfurt am Main
Contact
mail@steenassociates.com
+44 20 7405 5040
Jason Steen
Partner
Steen Associates
Frankfurt am Main
Contact
mail@steenassociates.com
+49 69 770 1992 00
