Sun Capital sells Manoir to Lisi Group

Sun Capital has sold Manoir Aerospace to Lisi Group. No financial terms were disclosed. Lincoln International advised Sun Capital on the transaction. Manoir is a provider of aerostructure and aeroengine components for the aerospace sector.

PRESS RELEASE

NEW YORK, June 27, 2014 /PRNewswire/ — Lincoln International, a leading global mid-market investment bank, announces that it advised the investment fund Sun Capital Partners (“Sun Capital”) on the sale of Manoir Aerospace (“Manoir” or the “Company”) to Lisi Group. Terms of the transaction were not disclosed. Lincoln International acted as the exclusive financial adviser to Sun Capital.

Manoir Aerospace is an industry-leading global supplier of highly complex, flight critical forged and precision machined aerostructure and aeroengine components for the aerospace sector. The Company is positioned on a compelling mix of mid-life and next generation programs including the Leap, the next generation engine developed by Safran and GE. Manoir Aerospace reported FY2013 revenue of €164 million with staff of about 1,100 employees working in three sites in France, one in Belgium and one in Mexico.

“As part of the Lisi Group, Manoir Aerospace is well placed to continue its growth trajectory through the combination of complementary products and industrial know-how which both parties will cross-fertilize,” says Geraud Estrangin, Managing Director at Lincoln International.

Razmig Arzoumanian who heads Lincoln International’s Aerospace & Defense Group in North America would add: “Lincoln International’s global reach and cross-border capabilities were instrumental in engineering the sale of Manoir Aerospace to a key strategic buyer that will be able to support the Company’s future growth opportunities so effectively.”

About Lincoln International and its Global Aerospace and Defense Group
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest.

Lincoln International’s Global Aerospace & Defense specializes in aerospace & defense transactions in the mid-market. The group’s highly integrated, international team of M&A professionals has extensive experience advising the leading OEMs, Tier I or Tier II suppliers in the industry, as well as privately-held and private equity owned companies supplying components, systems and services.

More information about Lincoln International can be obtained at www.lincolninternational.com

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