Deal of the Year team

We’re pleased to report that our exit from Aero Stanrew, following its sale to TT Electronics plc for £42 million, has just been named Insider’s Deal of the Year.

We supported the £8.5 million management buyout of Aero Stanrew in 2012 and have worked closely with the management team, providing financial support and management development.  During those three years, revenues and profitability more than doubled, employee numbers increased and the company received many plaudits, including the Queens Award for Enterprise.

Our exit achieved a 4.3x multiple return for WestBridge investors and an IRR of 45 percent over three years, facts acknowledged by the judging panel:

“This deal delivered in spades for the management team and Aero Stanrew’s backers, WestBridge Capital.  After three and a half years of strong growth, the sale of Aero Stanrew to TT Electronics crystallised the value created since the MBO in 2012.”