Pinsent Masons advises Auctus industries on a $220 million buyout of Shimtech Industries Ltd

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."

Latest press releases

Show me all press releases

Pinsent Masons advises Condeco Group on major acquisition to transform workplace management

Multinational law firm Pinsent Masons has advised Condeco Group on its acquisition of ProxyClick SA, the leading global provider of enterprise visitor management software.

Pinsent Masons advises Suffolk Council on its public-private partnership to deliver £700m social development and housing projects

Multinational law firm Pinsent Masons has advised Suffolk Council on its proposed public-private alliance with Lovell Partnership to deliver nearly 3,000 much-needed homes across the region.

Pinsent Masons advises on €1 billion variable annuity policies transfer

Multinational law firm Pinsent Masons Irish corporate insurance team has advised Athora Ireland plc (Athora) on its transfer of a book of variable annuity policies to Monument Life Insurance DAC, with assets under management valued at nearly €1 billion for circa 13,000 customers.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises Condeco Group on major acquisition to transform workplace management

Multinational law firm Pinsent Masons has advised Condeco Group on its acquisition of ProxyClick SA, the leading global provider of enterprise visitor management software.

Grant Thornton and Pinsent Masons collaborate to support effective data sharing across financial services

Leading business and financial adviser Grant Thornton UK LLP and multinational law firm Pinsent Masons have joined forces to support firms with how they can share data safely, efficiently and effectively across financial services in a push to enable open finance.

Pinsent Masons partners with Tech Nation’s Rising Stars competition

Multinational law firm Pinsent Masons has partnered with Tech Nations’ Rising Stars competition to support innovative early-stage scaleups across the UK.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts