28 May 2015 | 04:30 pm |
International law firm Pinsent Masons has advised Auctus Industries on the $220m buyout of Shimtech Industries Ltd from Bridgepoint Development Capital in a transaction backed by Inflexion Private Equity.
Auctus is a vehicle established to consolidate niche Tier 2 and Tier 3 components suppliers in the aerospace sector with the aim of creating a global, diversified aerospace group. Its co-founders are Terry Twigger, former CEO of Meggitt Plc, Valerio Massimo di Roccasecca and Edward Spencer-Churchill.
Shimtech is the largest manufacturer of aerospace shims and laminated shim material in the world. It is also a leading supplier of high performance, lightweight composite structures and assemblies to the commercial and military aerospace markets. Shimtech is a UK headquartered company with manufacturing facilities in the US as well as in Europe.
Corporate partner Paul Amiss led the Pinsent Masons’ team, assisted by Hilary Griffiths, Tarun Patel and Ciaran Wilkinson, alongside a multidisciplinary team of other lawyers in the commercial, property and environmental teams.
Commenting on the deal Paul Amiss said:
"This transaction demonstrates our buy-out expertise in the advanced manufacturing sector, which is one of the core sectors we focus on as a Firm. We particularly enjoyed working for the dynamic founders of Auctus and working alongside Inflexion and their advisers to bring this transaction to a close. We look forward to working with Auctus again as it fulfils its aim of becoming a global, diversified aerospace group."
International law firm Pinsent Masons has hired Dr Totis Kotsonis to lead the firm's State aid and public procurement team within its Competition, EU & Trade Group.
Multinational law firm has hired partner Eran Chvika to expand the firm's project finance capability in France and Francophone Africa.
International law firm, Pinsent Masons, has advised the Department for Culture, Media and Sport (DCMS) on a successful landmark £1 billion deal with the UK's four largest mobile network operators (MNOs) to create the 'shared rural network' arrangement and improve mobile coverage across the country.
Pinsent Masons continues to expand its Competition, EU & Trade Group, with the appointment of competition law specialist, Prof. Dr. Hans Jürgen Meyer-Lindemann, as a partner in the Düsseldorf office.
International law firm Pinsent Masons has further enhanced its commercial litigation, regulatory and tax litigation practice with the appointment of Andrew Sackey as a contentious tax partner in its London office. Andrew will work with clients across each of the firm's five key global sectors – Energy, Infrastructure, Financial Services, Real Estate and Advanced Manufacturing & Technology.
Two out of three voters believe business should 'make its voice heard' on the choices facing the UK electorate as the general election approaches.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]