In February 2016, Chamonix sold Mettis Group Limited (“Mettis”), a leading aerospace and defense group supplying critical forged products and assemblies for original equipment manufacturers, to Stirling Square Capital Partners (“Stirling Square"), a pan-European private equity firm.
Duff & Phelps served as exclusive financial advisor to the shareholders of Mettis with respect to the sale of the company.
Gordon Fraser, CEO of Mettis, commented: “The Duff & Phelps team’s hard work and their professionalism throughout the process ensured this successful outcome for the company and its stakeholders. Fresh capital and support from our new shareholder, Stirling Square, will further enhance our ability to develop and manufacture complex aerospace components for our customers as they progress onto new generation programmes”.
About Mettis Group Limited
Based in Redditch, UK, Mettis is a leading aerospace forger with tier-one / super tier-two capabilities in complex, small to medium sized components made from aluminium, titanium, special steels and nickel based alloys. With customers including Airbus, Boeing, GE and Rolls-Royce.
About Chamonix Private Equity
Chamonix was established in the UK in 2006 to acquire packaged groups of businesses and improve them over time. Mettis was acquired in one of these packages in 2006 by a fund co-advised by Chamonix and by Saints Capital in the USA.
About Stirling Square Capital Partners
Stirling Square was established in 2002 and is a pan-European private equity firm which invests in mid-market companies with enterprise values of between €50m and €500m. The firm manages three funds and a number of co-investment positions, totaling over €1billion of assets under management.