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3i adds protective equipment maker A&A Manufacturing to portfolio

29 Aug 2014

machine toolsUK private equity firm 3i has bought A&A Manufacturing, which operates protective equipment manufacturing facilities in North America and Germany.

3i has invested $110m in the company, valuing it at $202.5m. A&A, whose products are made from a variety of materials including composites and exotic metals, generated sales of around $91m last year.

A&A said that it plans to expand both organically and via acquisitions into Europe and Asia and strengthen its position in North America.

3i North America partner Ken Hanau said, “A&A’s strength lies within its product design capabilities and this is reflected in its market leading position.

“It is a great business and we look forward to working with the management team to help accelerate its expansion into international markets.”

In the meantime, 3i has recently hired Goldman Sachs to oversee the potential sale of lingerie seller Agent Provocateur.

Earlier this month 3i sold its 22.4 per cent stake in Hong Kong jewellery maker John Hardyafter private equity firm Catterton Partners bought the company.

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