News Room
Aberdeen flying with 4x return on Brookhouse exit
Aberdeen Asset Managers Private Equity (“AAMPE” or “Aberdeen”) is pleased to announce the successful sale of specialist aerospace components company, Brookhouse Holdings Limited (“Brookhouse”) to Kaman Corporation (“Kaman”) for £43m. The sale represents a full exit for Aberdeen's investors and generates a return of in excess of 4x the cost of the original investment.
Aberdeen originally invested in Brookhouse in May 2004, supporting a buy-out of the Darwen based business. Since then Aberdeen has worked closely with the management team, led by Chief Executive Richard Thorley, to drive the growth of the business. Brookhouse now supplies parts into many of the major manufacturing programmes within both the civil and commercial aviation sectors including the Airbus A320 and the Joint Strike Fighter. In the year to September 2007 the business generated sales of £28m. Andy Glennon led the exit on behalf of Aberdeen.
This disposal is the latest in a series of successful recent exits for Aberdeen including the trade sale of Plaxton and the IPO of Styles&Wood.
Francesco Santinon, Head of Investment, Private Equity, at AAMPE, commented:
“The sale of Brookhouse to Kaman followed an intense 18 month process of developing the business with certain strategic buyers in mind. This delivers an outstanding result for our investors and we wish both the management team and the new owners every success in developing the business further.”
 | Our downloads are formatted as PDF documents. In order to view these links please make sure you have Adobe Acrobat Reader installed on your computer. |