LDC returns to MB Aerospace

LDC initially backed the management buyout of Motherwell-based MB in April 2007. The company currently has operations in Derby, Burnley and Detroit, US. MB is an aerospace engineering group providing engineering and supply chain solutions to aero-industrial gas turbine platforms. 

LDC then sold MB in a secondary management buyout to Arlington Capital Partners in March this year. The deal saw Arlington pick up a majority stake in the company alongside management, which reinvested for a minority stake.

This latest transaction sees LDC and Arlington supporting MB's purchase of US-based Delta.

Company
Delta Industries is based in Connecticut and provides engineered components for the commercial and military aero-engine and industrial gas turbine markets.

Following the transaction, MB's combined revenues will total more than $150m and staff numbers will increase to 550.

People
LDC's investment was led by regional managing director Martin Draper as well as investment directors Steve Aston and Rob Schofield.

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• Topics
• UK / Ireland
• Industrials
• Expansion
• LDC
• United Kingdom
• United States
• Acquisition finance