Client: 3i

Counterparty: Harris Watson Holdings PLC

Sector: Aerospace

Deal Type: Sale

Transaction Description:

Assay advised 3i and the owner managers led by Glyn Davies, on the sale of Metalline, owner of Metalite Aviation Lighting to Birmingham based Harris Watson Holdings PLC.

Metalite is a world leading manufacturer of portable aviation ground lighting systems sold to military and civil operators of aircraft, airfields and airports throughout the world. Metalite’s equipment is currently in military use in the Middle East as well as many airports throughout the British Isles, and other developed and third world countries.

Guy Hemington commented

“The acquisition of an internationally known brand with a strong military customer base will enhance Harris Watson’s aerospace offering.”