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."