BGF's £7.75m investment in Acro Aircraft Seating

RSM’s M&A and private equity team has successfully advised on BGF’s £7.75m investment in Acro Aircraft Seating.

The client

Acro is the fourth largest economy seating manufacturer in the world, supplying seats to more than 20 airlines including Thomas Cook and Jet2.com. The business has experienced impressive growth with revenues on track to reach £33m by the end of January 2016. Acro’s shareholders appointed RSM transactions to advise the business in raising external funding to support further expansion and product development, and to provide partial cash out to the existing shareholders.

What RSM did

RSM initially worked closely with the fast growing business to help it prepare for a transaction. This included providing strategic input and insight at board meetings, hiring an interim finance director, and helping the management to prepare a formal business plan before approaching potential investors. In selecting the Business Growth Fund (BGF) as the preferred investor, RSM secured a deal that allowed a partial cash out for the shareholders, as well as an injection of capital to support the future development of the business.

Testimonial

‘I would like to thank the team at RSM for their hard work and dedication throughout this process. They remained calm, proactive and measured throughout and we wouldn’t be where we are without them. They introduced an ideal partner in BGF and, above all, they delivered an excellent result for me and the co-founding shareholders.’

Chris Brady, CEO of Acro Aircraft Seating

Transaction team

Kirsty Sandwell, Partner, T: +44 (0)1293 591737

Adam Spencer, Associate Director, T: +44 (0)20 3201 8315

Gemma Legg, Associate, T: +44 (0)1293 591773