Private Equity

Brookhouse Holdings Limited

In June 2007 the private equity team announced the successful sale of specialist aerospace components company, Brookhouse Holdings Limited to Kaman Corporation for £43m. The sale represents a full exit for Aberdeen's investors and generates a return of in excess of 4x the cost of the original investment.

Aberdeen originally invested in Brookhouse in May 2004, supporting a buy-out of the Darwen based business. Since then Aberdeen has worked closely with the management team, led by Chief Executive Richard Thorley, to drive the growth of the business. Brookhouse now supplies parts into many of the major manufacturing programmes within both the civil and commercial aviation sectors including the Airbus A320 and the Joint Strike Fighter. In the year to September 2007 the business generated sales of £28m. Andy Glennon led the exit on behalf of Aberdeen.