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Candover realises investment in Claverham.
0 Comments | M2 Presswire, December, 2000
M2 PRESSWIRE-22 December 2000-Candover: Candover realises investment in Claverham (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:22122000 Candover*, a leading buyout specialist, today announces the proposed sale of Claverham Group Limited ("Claverham"), the defence and aerospace engineering business, to Hamilton Sundstrand, one of the largest global suppliers of technologically advanced aerospace and industrial products and a subsidiary of US-based United Technologies Corporation.
Claverham was formed in 1998 when Candover backed the GBP55 million buyout of Fairey Hydraulics Limited from Fairey Group plc. In the last full year to December 1999 Claverham had a turnover of GBP41.6 million and made pre-tax profits of GBP6.5 million. The disposal is expected...
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