On July 24, 2025, Llanelec Precision Engineering (“Llanelec”), a leading UK-based provider of mission critical, precision engineered solutions to the Aerospace & Defence markets, was acquired by Hanover Investors Management (“Hanover”), a UK based alternative investment firm.
Kroll’s Investment Banking Team served as the exclusive sell-side adviser providing M&A advisory services, while our Transaction Advisory Services Team provided financial and tax due diligence services to Llanelec in connection with the transaction.
“We are thrilled with the outcome of this transaction. Kroll played a pivotal role in guiding us through a complex process and in identifying the ideal partner in Hanover Investors. Their deep expertise and sector insight were outstanding throughout. Llanelec is excited to embark on this next chapter with Hanover and to build on the strong momentum we’ve established.”
Spencer John, Managing Director of Llanelec
“We are delighted to have advised the shareholders of Llanelec on its successful sale to Hanover Investors. Under Spencer John’s leadership, Llanelec is ideally positioned to support the UK MoD as they transition to the modern A-B-C (Ajax, Boxer and Challenger) platforms. We are excited to see the business continue its strong momentum under Hanover’s stewardship. This transaction further reinforces Kroll Investment Banking’s position as a leading M&A advisor to the Aerospace, Defence & Government Services sector, which continues to attract significant capital and a growing investor base.”
Dafydd Evans, Managing Director at Kroll
About Llanelec Precision Engineering
Founded in 1984, Llanelec has established itself as a specialist in the manufacture of integral parts for military vehicles, including roadwheels, gears, and final drive components, serving the UK Ministry of Defence and its procurement partners. The company also provides high-precision titanium billets and components for the aerospace industry, leveraging advanced CNC machining capabilities. Llanelec operates from a state-of-the-art, 120,000 sq. ft. manufacturing facility in Neath, Wales
About Hanover
Hanover Investors is an alternative investment firm focused on fundamental investing across private and public equity.
Hanover was founded in 2002 with a simple investment philosophy: to invest in situations where we can influence the main levers of value creation by utilising deep research, and employing an active approach to investing. This investment style has delivered consistent, market-leading returns for over two decades.
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