We have advised Stirling Square on the acquisition of AD Industrie from Ingein, BPI, and General Electric.
AD Industrie is an industrial group specialising in the design, production, and assembly of technical parts and precision assemblies (including propulsion, aerostructures, and equipment) in metal or composite materials for the aerospace, defence, energy, and medical sectors. The group operates 10 industrial sites, mainly in France, with additional locations in Morocco and Tunisia. AD Industrie generated €200m in sales in 2016.
Stirling Square Capital Partners acquired a majority stake in AD Industrie through a leveraged buyout (LBO), alongside the management team as a minority shareholder, and BPI, which reinvested in the operation. The transaction was partly financed with senior debt raised from several banks.
