A fresh approach to equity funding for SME's

Air End Repair – Realised

air and repair logoAir End Repair are UK specialists in the service, evaluation, rebearing and repair of valuable air ends.

The company specialises in restoring air end equipment to top condition and holds a large stock of used and hard to find compressor components, as well as parts, oil, supplies and service exchange units.

www.airendrepair.co.uk

Fresh Equity and Air End Repair

  • Year of Investment – 2011
  • Year of Exit – 2013
  • Funds Raised – £1m
  • Equity Return – 3x

The Fresh Equity Investment

“We were introduced to this opportunity by Nick Sanders. Nick knew the sector well but realized the opportunity was too small for his principal private equity fund. However, he said that if we could put a deal together he was happy to co-invest with us. We did – and he did!

The Austrian parent that owned Air End had failed to find a buyer for the business and was considering closing it down. Working with management we made them an offer that they accepted but on condition that all support from the parent was severed on completion. This meant that we needed to have in place our own accounting and ERP system from Day 1.

We completed the deal just before Christmas 2011 and held our breath when the vendor switched their computer systems off! Fortunately ours worked!!

We stabilised the business and established new systems and were in a position to sell our shareholding back to management within 15 months of completion realizing a 3x return on our investment.”

 

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