Turnaround player Better Capital has sold aerospace components supplier Gardner Aerospace Holdings to trade buyer Shaanxi Ligeance Mineral Resources (SLMR) in a deal giving the business an enterprise value of £326m.
Deal is the first investment for the GP's recently opened Midlands office
Deal ends a five-year holding period for Cornerstone, which acquired Infoniqa SQL in 2012
Craig Hopwood joins the GP's northern team from HSBC, where he was a director
Lexington was previously reported to be considering acquiring up to €1.2bn in secondary commitments