The Netherlands Company, Stork N.V., an aerospace company will sell Stork Materials Technology B.V. (SMT), a provider of product testing, materials testing, consulting services and failure analysis. 3i Group plc, a UK-located private equity and venture capital firm is buying SMT for GBP130 million.
Deloitte LLP, McKinsey & Company, Rothschild, Inc. and Wyvern Partners are the financial advisors and Allen & Overy LLP is the legal advisor of 3i.
Rabo Securities, KPMG, Deloitte, and PricewaterhouseCoopers LLP are the financial advisors for Stork.
The investment will enable SMT to increase its capabilities, consolidate its market position through organic growth and further build its testing market segment. The sale will enable Stork to pay off its debt liabilities.