UK - Oak Hill backs £945m SBO of Firth Rixon from Carlyle and Lehman

Oak Hill Capital Partners is backing the secondary management buyout of Firth Rixson Ltd from The Carlyle Group and Lehman Brothers Co-Investment Partners. The deal values the business at £945m. Firth Rixon is a supplier of highly engineered rings, industrial forgings and specialised metal products primarily to aerospace engine manufacturers. Firth Rixson’s management team will remain significant investors in the company. Financing for the transaction is being provided by Lehman Brothers, GE Commercial Finance and Lloyds TSB Corporate Markets. The transaction is expected to close in December 2007, subject to receipt of regulatory approvals.