Industrials
Avingtrans on its sale of Sigma to Silverfleet Capital
Background
Steen Associates advised Avingtrans plc, the AIM-listed industrial group, on the sale of its subsidiary Sigma.
About the transaction
The transaction involved the sale of Sigma, the UK market leader in the manufacture of rigid pipe and ducting systems for commercial aerospace applications. The sale included Sigma’s recently acquired rigid pipe operations from Rolls-Royce, which formed part of the transaction. The business was acquired by Silverfleet Capital, a leading independent European private equity firm specialising in mid-market buyouts, with investment teams based in London, Munich and Paris.
About the client
Sigma supplies rigid pipe and ducting systems to major commercial aerospace customers, notably Rolls-Royce and Bombardier. Headquartered in Hinckley, Leicestershire, the company operates four facilities in the UK and two in China, located in Xi’an and Chengdu, providing a strong international manufacturing footprint.
Date:
May 2016
Service:
Buy side
Size:
£65m
Deal locations:
