Press Release

Springboard Corporate Finance is pleased to announce it advised LDC on the £22.5m management buyout (MBO) of Precision Micro from global aerospace group Meggitt PLC.

Precision Micro is the market leading photo-chemical etching specialist in Europe, producing over 50 million high-precision metal components each year for major global manufacturing customers across multiple markets.

Working to micron accuracy, its components enable next-generation aircraft engines, zero-emission vehicle technology, safety-critical vehicle ABS braking systems and premium interior trim for brands including Rolls-Royce, Mercedes, Jaguar and Bentley.

Mid-market private equity investor LDC led the £22.5m management buyout (MBO) from global aerospace group Meggitt PLC. As part of the deal, LDC invested £13m of equity, with HSBC committing debt facilities.

Ian McMurray, Managing Director of Precision Micro, said “We see enormous opportunity across our markets as equipment manufacturers look for ever-more cost-effective, reliable, safe and high-performing components. Securing the backing of an experienced and supportive partner like LDC means we can invest further in the business, leveraging our unrivalled technical expertise and processing capabilities to further support our customers around the world with increasingly sophisticated requirements. This is an exciting time for our team as we invest in our future growth.”

LDC was advised by Springboard Corporate Finance with the transaction being led by Partner Justin Sparks and Director Robert Johnson. Justin Sparks commented “It has been fantastic to support LDC on backing a first-rate management team to continue the great work they have done in developing an outstanding marketing leading business. The new investment will enable the management team to unlock the full potential of the substantial market opportunity.”