Lead Forensics

PORTFOLIO

Precision Micro: Engineering a carve out

Backing the management team to realise organic growth opportunities outside of its former parent company Meggitt plc.

Sector
  • Industrials

Precision Micro is Europe’s market-leading photo-chemical etching company.

Deal type
  • Carve out
Investment

£13m

Deal value

£22.5m

Precision Micro is Europe’s market-leading photo-chemical etching supplier, with roots dating back to the early 1900s.

Operating from its state-of-the-art processing plant in Birmingham, Precision Micro manufactures more than 50 million high-precision metal components each year for major global manufacturing customers across multiple markets.

Significant buyout

In April 2018, LDC backed the £22.5m management buyout of Precision Micro from global aerospace, defence and energy group Meggitt plc.

As part of the deal, we invested £13m of equity for a significant stake in the company.

Our partnership with Precision Micro won SME Deal of the Year at the Midlands Dealmaker Awards in September 2018.

Precise growth strategy

With our backing, the management team has been able to drive forward with its organic growth strategy. Precision Micro will continue with its strategy with the full automation of the front-end of its manufacturing process.

The installation of an automatic laminator, buffer system, exposure unit and sheet unloader will lead to a significant increase in throughput, contributing to future business growth for the company.

Awards

SME Deal of the Year

Precison Micro – Insider Midlands Dealmakers