Nasmyth Group

Date Bought: February 2022

Industry: Precision Engineering

Location: UK and International

Website: www.nasmythgroup.com

Nasmyth

We have taken the opportunity to recapitalise our business and have the luxury of a strong balance sheet, long-term committed debt facilities and the potential to make acquisitions that expand our footprint further. This gives us a significant competitive advantage.”
Peter Smith, CEO, Nasmyth Group

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 Peter Smith, Simon Beech and Stuart Fyfe as CEO, COO and CFO respectively, Rcapital will remain actively involved to support management, provide stability and act as a catalyst for growth.