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Stirling Square backs €100m MBO of Microtecnica 21/07/2008. Source: AltAssets. 
 Pan-European private equity firm Stirling Square Capital Partners has backed the MBO of Italian aerospace component manufacturer Microtecnica. The size of the deal was not disclosed, although it is believed to be between €100m and €125m, according to sources close to the deal.
Microtecnica designs and manufactures flight-critical aerospace components and sub-systems. The company supplies companies such as Hamilton Sundstrand, Avio, Alenia, Bombardier, Airbus and AugustaWestland.
Microtecnica operates three sites in Northern Italy and employs 686 people. In 2007, the company generated sales of €124m.
Stefano Bonfiglio, a partner at Stirling Square, said, 'Microtecnica is a leading company in its specialist market which is well placed to benefit from international growth opportunities. The company has an impressive focus on key relationships with defence and aerospace manufacturers - an essential feature of long-term success in the aerospace component sector. We have been particularly impressed by the quality of Microtecnica's management and have great confidence in them. We're excited about making our own contribution to this success story.'
The acquisition follows Stirling Square's sale of aerospace company Global Design Technologies in May 2007 for $343m and the sale of Schoeller Arca Systems in July 2007, for €428m.
The transaction is the firm's third investment this year, following the acquisitions of Italian security service company Sicurglobal and leisurewear brand Jeckerson.
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