News

Catalyst closing - UMECO
20th Nov 2007

Catalyst Corporate Finance, the award winning mid market corporate finance advisory business and UK member of Mergers Alliance, has advised Leamington Spa based, Umeco plc, on the sale of its Repair and Overhaul Division (R&O) to Ametek Inc. for £36 million.

Catalyst Corporate Finance, the award winning mid market corporate finance advisory business and UK member of Mergers Alliance, has advised Leamington Spa based, Umeco plc, on the sale of its Repair and Overhaul Division (R&O) to Ametek Inc. for £36 million.
The Board of Umeco made the decision to sell the R & O Division in order to focus on its larger and core composite materials and supply chain activities. Following this decision Umeco appointed Catalyst Corporate Finance to sell the business for them.
Catalyst recognised that there would be interest from trade buyers and financial institutions, the final outcome being a recommendation to sell the business to trade which would achieve the best value for the business. R & O was then marketed to a number of potential trade buyers that Catalyst had identified, all of which were overseas companies. Catalyst found in Ametek Inc a strategic purchaser for whom the acquisition of Umeco R&O was critical in moving forward its ambition to build a worldwide repair and overhaul capability. Umeco R&O has operations both in the UK and also in France and Singapore, which meant that a number of cross border issues had to be resolved in order to successfully complete the transaction.
Mark Humphries, partner at Catalyst Corporate Finance commented:
“Our ability to access overseas buyers through our international network, Mergers Alliance has once again proved vital in securing a successful outcome for Umeco. This transaction is of benefit to both parties. Umeco can now concentrate on their core business of supply chain management and the provision of advanced composite materials while Ametek now have the opportunity to consolidate their position in the repair and overhaul sector of the aerospace market which is a key strategic objective for them.”