London-based investment firm RDCP Group (RDCP) has acquired Pexion Group, one of the UK’s largest precision engineering groups, in a deal that values the business at £34 million. The deal gives RDCP a 75% stake in this £55 million turnover and £7 million EBITDA business.
London-based investment firm RDCP Group (RDCP) has acquired Pexion Group, one of the UK’s largest precision engineering groups, in a deal that values the business at £34 million. The deal gives RDCP a 75% stake in this £55 million turnover and £7 million EBITDA business.
RDCP is also providing Pexion with a £15 million acquisition facility to support bolt-on acquisitions and grow EBITDA to over £20 million within five years. The transaction was brought to market by Interpath Advisory and incumbent lender HSBC continues to support the business.
Established in 1986 and headquartered in Chorley, Lancashire, the Pexion Group is a diversified group of precision and electronic engineering businesses. It has grown successfully and executed a buy-and-build strategy with HSBC.
Services include design, development, prototyping, medium to high volume production with fully integrated supply chain solutions. Clients operate across the aerospace, defence, oil and gas, precision automotive, power generation and medical industries.
Dave Brindle (Chief Executive Officer) and Darren Turner (Chief Commercial Officer) will continue to lead the business as management and shareholders. Both will work closely with RDCP founders, Sameer Rizvi and Iryna Dubylovska. The acquisition of Pexion Group increases RDCP’s assets under management to $600 million, with 2,800 staff members in the UK.
