Towerbrook takes off with LDC’s AIM Aviation

The deal could be worth up to £160m, according to Bloomberg. LDC was understood to have appointed Lazard in September 2012 to run an auction process for AIM.

Towerbrook is looking to benefit from the expected uptick in air traffic over the next few years, with a recognition that plane manufacturers' backlogs are at an all-time high.

Previous investment
LDC's Midlands office invested in AIM's management buyout in June 2010.

Company
Bournemouth-based AIM designs, engineers and manufactures cabin interiors for commercial and military aircraft.

Established in 1926, AIM comprises three main business lines: premium aircraft interiors; galley systems; and compound materials and products for customers in the aerospace and related industries.

AIM recorded turnover of £75m in the 2010/2011 financial year and employs 800 people.

People
Mark Edwards is the CEO of AIM. Rayhan Davis, senior principal, led the deal for Towerbrook.

Advisers
Equity – DC Advisory (Corporate finance).

Management - Hogan Lovells, Alan Greenough, Amit Nayyar (Legal).

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• Topics
• Buyouts
• UK / Ireland
• Industrials
• Exits
• LDC
• Towerbrook Capital Partners
• Secondary buyout