Privet Capital acquires Thermal Engineering
Privet Capital has wholly acquired specialist UK components manufacturer Thermal Engineering for an undisclosed sum.
The private equity firm plans to drive growth by introducing increased efficiency into the production facility and strenghtening the management team; Vardhan Rajkumar has been appointed as new chairman.
Founded in 1988, Royston-based Thermal Engineering manufactures specialist components for the aerospace industry. It currently employs 200 people and posted a £10m turnover for 2009.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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