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26 Aug 2011 10:24
Eversheds advises Hampson Industries on disposal of shims business
 
 


International law firm Eversheds has advised Hampson Industries, the international aerospace group, on the US$84 million sale of its shims business to private equity firm Bridgepoint Capital.


Listed on the London Stock Exchange, Hampson provides added-value solutions in tooling systems, manufacturing and supply chain management to many of the world’s most respected and innovative companies.

The shims business manufactures and supplies shims for the assembly of aerostructures and high-precision industrial equipment, it accounts for the vast majority of the Aerospace Components & Structures division. Following the Disposal, the Group will comprise predominantly the Aerospace Composites & Transparencies division, which is entirely US-based and comprises five businesses which have all been acquired by the Group since December 2004.

The Eversheds team was led by partner Keri Rees assisted by senior associates Steven Hacking and Jon Cox-Brown and solicitors Steven Toy and Kasim Hussain.

Keri commented:

“It is a pleasure to have advised longstanding client Hampson Industries on this disposal, which will enable it to continue with its growth strategy and pursue a path as a focused global leader in the market for large, high precision tooling systems.”

Christopher Geoghegan, Chairman of Hampson, said:

“The proceeds from the Disposal will enable us to strengthen our balance sheet. With this stronger financial platform, Hampson will be better positioned to take advantage of the growth opportunities created by the long-term trend of increasing composites usage in the aerospace industry.”


 

For more information contact:

Chantel Gohil
Eversheds
t:+44 (0) 207 919 4629
m:+ 44 (0) 7786 915 664
e: ChantelGohil@eversheds.com
 

Eversheds LLP

Eversheds LLP and its world wide offices have over 4,500 people who provide services to the private and public sector business and finance community. Access to all these services is provided through 45 international offices in 28 jurisdictions. Eversheds combines local market knowledge and access with the specialisms, resources and international capability of one of the world's largest law firms.

www.eversheds.com


 

 
 
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