The Board of Nasmyth Group, the provider of specialist precision engineering services to the aerospace, defence and related industries has completed a comprehensive recapitalisation that will give the business the stable foundation it needs to drive ingenuity and continue to serve the needs of its customers around the world.
Under the terms of the recapitalisation Rcapital, the provider of investment, commercial expertise and hands-on support to businesses, will take a significant equity investment in Nasmyth Group, alongside the existing management team and will also deliver long-term debt facilities with its partner, Secure Trust Bank Commercial Finance. Nasmyth Group will continue to be led by its existing management team, headed by Peter Smith and Simon Beech who will work alongside Rcapital to implement a strategy to grow the Group further.
This recapitalisation will give Nasmyth Group a stable financial platform to seek opportunities to grow the business and capitalise on what is expected to be a major rebound in demand over the coming months.
