FGP Systems is a solid business which boasts a number of blue chip clients and has a role in several key aerospace projects. Rcapital has an extremely strong track record in the sector and FGP Systems complements a number of our other investments. We are looking forward to working with the management team to strengthen the business and secure long-term growth.
FGP Systems is a precision engineering company offering high-end engineered and manufactured solutions for the aerospace industry and other sectors.
The company provides very high tolerance machining, turning, and fabrication services to blue chip aerospace and defence customers.
Rcapital acquired the business from 126 individual shareholders who were participants in the Cyrus Secured Loans Precision Engineering EIS Fund. The transaction was delivered via a solvent sale of the shares in FGP Systems Limited.
FGP Systems boasts a number of blue chip customers, including Collins Aerospace, Martin Baker, and Curtis Wright. It also participates in several flagship aerospace programmes including Airbus A350 and A320, Boeing 737 and 787, as well as major defence platforms including Eurofighter and F35.
The existing management team will remain in place and will be supported by Rcapital which brings extensive operational, financial, and sector expertise. It will work with the business to stabilise trading and position it for growth.
Rcapital is uniquely placed to support the business in delivering its turnaround, thanks to its strong track record in the aerospace, defence, and precision engineering sectors with its existing and prior investments in Bromford Precision Solutions, Trac Precision Solutions, Nasmyth Group, and Surface Technology International.
