Private equity group 4D Capital Partners has acquired Britten-Norman for an undisclosed amount with the promise of fresh investment in the UK aircraft manufacturer. Britten-Norman produces the Islander family of turboprop and piston utility aircraft, as well as a military variant called the Defender 4000.
The deal confirmed on Friday was closed after administrators were appointed on March 21 to handle the sale of 100 percent of the share capital in the newly incorporated Britten-Norman Aerospace Ltd to Shelton Bidco Ltd, which is an investment vehicle set up by 4D Capital. The group, which includes the B-N Group, Britten-Norman Ltd, Britten-Norman Aircraft, BN Defence, and BN Daedalus, has production, engineering, and maintenance facilities at Bembridge on the Isle of Wight in southern England, as well as at Lee-on-Solent and Southampton. It employs 170 people at these sites.
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