M&A Deal Summary

Literacy Capital Acquires FCSL

On February 28, 2020, private equity firm Literacy Capital acquired aerospace company FCSL

Acquisition Highlights
  • This is Literacy Capital’s 1st transaction in the Aerospace sector.
  • This is Literacy Capital’s 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-02-28
Target FCSL
Sector Aerospace
Buyer(s) Literacy Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

FCSL

Shoreham, United Kingdom
FCSL is a provider of flight inspection services to airports. It uses its flight inspection technology, developed in-house, and fleet of six aircraft to provide testing and calibration on behalf of airports for ground-based navigational aid systems. FCSL was founded in 2005 and is based in Shoreham, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Literacy Capital is a closed-end investment company focused on investing in and supporting small, growing UK businesses. The Firm typically pursues buyouts of smaller, profitable (£1 to £5 million of EBITDA) but will also consider select growth/venture investments in disruptive businesses generating revenue but pre-profit. Literacy Capital was formed in 2017 and is headquartered in London.


DEAL STATS #
Overall 8 of 23
Sector: Aerospace M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 11
Country: United Kingdom M&A 8 of 23
Year: 2020 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-01 Velociti

Bromsgrove, United Kingdom

Velociti Solutions provides software solutions and consultancy services to the transport industry, specializing in bus and rail sectors. Velociti was founded in 1987 and is based in Bromsgrove, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 TechPoint

Basingstok, United Kingdom

TechPoint is a provider of end-to-end electronics design, manufacturing and supply chain solutions for its customers, typically being specialist, high-end technology manufacturers in a range of sectors from oil and gas to healthcare. TechPoint was founded in 2002 and is based in Basingstoke, United Kingdom.

Buy -