Avingtrans sells aerospace business for £65m
Avingtrans, the Nottingham-based manufacturer of engineered components, systems and services to the aerospace, energy, medical and traffic management industries, has revealed it is to sell its aerospace division - Sigma Components - to Silverfleet Capital Partners for £65m
Silverfleet Capital is a European private equity firm, specialising in mid-market buyouts.
Following the proposed deal, Avingtrans says it will return a "substantial portion" of the proceeds of sale to shareholders.During the financial year ended 31 May 2015, Si... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
