Harbourside assists with international acquisition of British aerospace firm

Gloucester-based Five Valleys Aerospace has been acquired by Italian aircraft supplier Magnaghi Aeronautica Group (MaGroup) with the help of Harbourside Corporate Finance.

The deal marks the MaGroup’s first entry into the UK aerospace market and will see it support Five Valleys Aerospace’s growth through investment.

Five Valleys Aerospace Limited was established in 2003, acting as the holding company of a group whose operating subsidiaries include, Nu-Pro and Stanmar.

These two businesses provide services, such as surface treatments, non-destructive testing, chemical milling, painting, gluing and sub-assembly, to the defence and aerospace industries. These services align well with MaGroup’s existing operations, as a leading provider of landing gear systems and aerostructure components for helicopters and medium-sized aircraft platforms.

The managing director of MaGroup, Paolo Graziano, explained that the deal was an important step in the company’s evolution and an important expansion of the company’s global presence, following previous growth in Brazil and the United States.

South West-based advisers Harbourside Corporate Finance helped during the transaction by providing MaGroup with financial and tax due diligence services.

Speaking about the deal, Susannah Adams, Harbourside’s Managing Partner, said: “It was a pleasure to work with the team at MaGroup and I am delighted to have helped achieve this initial step into the UK market as part of their ambitious growth plans.

“Working on international transactions such as these is rewarding and it is opening doors into the UK market for businesses like MaGroup, while supporting inward investment into local businesses.”

To find out more about Harbourside Corporate Finance and how it can help you secure the best possible deal, please contact us.

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