Sale of Metal Process Services Holdings Limited
We have advised Nasmyth Group Limited on the sale of shares by its subsidiary, Bulwell Precision Engineers Limited in Metal Process Services Holdings Limited (MPS), to its management team.
MPS is a specialist thermal spray and paint business, based in Pinxton, Nottinghamshire.
The Nasmyth Group is a global supplier of precision engineering solutions and metal treatments, and its subsidiary business, Bulwell Precision Engineers Limited, provides high quality, uniquely integrated precision engineering and manufacturing solutions for the global aerospace and allied industries.
The directors of MPS have bought Bulwell’s 33.3% share in MPS after securing funding from NatWest and RBS Invoice Finance.
The team, led by Corporate partner Paul Cliff, included partner Andrew Madden and trainee solicitor Jamie Gillespie (Banking & Finance), and solicitor Matthew Smith (Corporate).
Paul Cliff said: “I am pleased that we could advise the Nasmyth Group on this transaction.”
Peter Smith, Chairman and CEO Nasmyth Group commented “We have developed a strong partnership with MPS and I am sure we will continue to do so with new trading arrangements being put in place that will allow further business opportunities for both companies. We wish MPS every success”.
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