MK Test wins Deal of the Year for Aerospace MBO
Michelmores was delighted to be recognised for its work on the MK Test £20m MBO, which won the coveted "Deal of the Year" Award at the Insider Dealmaker Awards on 25 June. MK Test is a leading global provider of automated electrical test solutions to the aerospace, rail and oil & gas industries and provides systems used in all the aircraft in the Airbus range as well as the Boeing 767, 777 and 787 models.
The increasing use of electronic systems in aviation sector, and the order backlog in commercial aircraft, is leading to accelerating production schedules demanding automated testing solutions for efficiency and safety. MK Test also supports the electrical testing of specialist vehicle manufacturers including rolling stock for the global rail industry as well as developing new products for the increasingly stringent testing of subsea oil and gas installations.
The Business was established by founder Mike Threlfall in Taunton in 1992 and has built a reputation for market leading innovation, and developing long standing relationships with some of the largest global manufacturers. Today MK Test sells into over 30 countries. Synova Capital LLP invested for a majority stake in the Business to support its continued growth and accelerate the development of a number of advanced features and products. Michelmores acted for the Vendor. Other advisers were Isca Ventures, PWC, Osborne Clarke and Roland Berger. Michelmores was also shortlisted for "Corporate Law Firm of the Year" at the awards ceremony in Bristol.