LISI (EPA:FII) - LISI Group grants exclusive negotiation rights to CICLAD Gestion to acquire MANOIR AEROSPACE subsidiary PRECIMETAL
Transparency directive : regulatory news
06/07/2016 08:45
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Belfort, July 6th 2016LISI GROUP GRANTS EXCLUSIVE NEGOTIATION RIGHTS TO CICLAD GESTION TO ACQUIRE
MANOIR AEROSPACE SUBSIDIARY PRECIMETAL
LISI AEROSPACE has received a binding offer from Ciclad Gestion to acquire 100%
share ownership of Précimétal Fonderie de Précision (and indirectly its
precision tooling subsidiary Précimétal Outillages de Précision); the
company's main business activity is the manufacture of precision casting
products, an industrial process based on lost-wax casting.
LISI AEROSPACE has in return granted exclusive negotiation rights to Ciclad
Gestion.
Précimétal is a major industrial subcontractor in the aerospace components
sector, specializing in lost- wax casting, manufacturing components ranging
from 1 g to 30 kg in small, medium and large-scale production, in all steel
types including stainless steel and most copper, nickel and cobalt alloys. This
business accounted for EUR14.4m of the LISI Group 2015 sales. Based in Seneffe,
Belgium, the company has a workforce of 119 employees.
Ciclad Gestion is an independent private equity firm which specializes in
business succession and growth financing. Since its inception in 1988, Ciclad
Gestion has completed over 140 transactions and has since 2011 invested in its
fifth fund, valued at EUR150m (www.ciclad.com).
The transaction is subject to regulatory approvals and other customary closing
conditions.
Contact
Emmanuel Viellard
Tel: +33 (0)3 84 57 00 77
Email: emmanuel.viellard@lisi-group.com
Website: www.lisi-group.com
LISI shares are listed on Euronext, Compartment A and belong to the following
indices: CAC(r) AERO & DEF., CAC(r) All Shares, CAC(r) - All Tradable, CAC(r)
Industrials, CAC(r) Mid & Small, and CAC(r) Small, under ISIN code:
FR 0000050353.
LISI is a world leading manufacturer of fasteners and assembly components for
the Aerospace, Automotive and medical implants industries.
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