Stirling Square Capital Partners awarded EVCA ‘France and Benelux Deal of the Year’ 2007
London – 22 November, 2007: Stirling Square Capital Partners, the pan-European private equity firm has been awarded ‘France and Benelux Deal of the Year’ - for its sale of Global Design Technologies - at the EVCA Private Equity Awards, in Barcelona.
The award, judged by a distinguished panel of industry experts, recognised Stirling Square’s investment and subsequent sale to Bridgepoint in May 2007 for $343m, as an outstanding example of operational improvement and return on investment.
Martin Calderbank, Partner, said: “I am delighted to receive this award which recognises that this was a complex international investment, executed successfully to yield excellent returns. This has been a very successful investment for us. We worked with a top quality management team to implement a long-term growth strategy, while driving operational improvements yielding cash flow and profit generation. This deal is a classic example of our work, a complex, cross border transaction; successfully integrating businesses to create an industry leader.”
GDT was created through the simultaneous management buyouts of Permaswage of France and Deutsch Metal Components of the US, by Stirling Square in January 2005 at a total enterprise value of $125m. Consolidation of the two businesses created a global industry leader.
Notes to Editors:
For further information contact:
FD (for Stirling Square Capital Partners) – (+44) 20 7269 7256
Stirling Square Capital Partners
Stirling Square Capital Partners is one of Europe’s leading mid-market private equity investors. SSCP seeks to invest in ‘mid-market’ firms characterised by proven business models, market leadership, high cross-border development potential and talented management teams.
SSCP targets European transactions between €50-500 million from a wide spectrum of industries and specialises in complex, cross border deals. Since inception in September 2002, the Fund has led ten leveraged acquisitions. The partners at SSCP collectively bring over 80 years of private equity experience.
Global Design Technologies LLC
Global Design Technologies is the leading international manufacturer of swaged permanent coupling systems for rigid tubing and pipes used in the aerospace, defence and power markets. GDT applies its swaging technology through proprietary patented tooling and fittings. These swaged systems are used on all aircraft pipe systems, predominantly those for transporting hydraulic fluid, fuel, oxygen and pneumatic air.
GDT has manufacturing locations in the US and in France. It manufactures most products in-house, sourcing metal raw materials on the open market. The company currently employs over 630 people.
"Stirling Square is hugely experienced in working with companies to move them on to the next stage of growth and has experience in our [the aerospace and defence] sector"