Nasmyth Group is a provider of specialist precision engineering services to the aerospace, defence and related industries.
This Midlands-headquartered business with international operations in the US, Philippines and India achieved sales of over £80m pre-COVID but was negatively impacted by the dramatic drop in demand for passenger air transport during the pandemic.
Following a competitive and complex transaction process, Rcapital secured an additional £20m of new long-term debt facilities provided by Secure Trust Bank, as part of the deal.
The long-term trends in air travel globally remain strong, and this investment will enable Nasmyth to take full advantage of opportunities within the market as aviation volumes return. Working alongside Management, Rcapital will remain actively involved to support management, provide stability and act as a catalyst for growth.