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Multi-asset Review and Valuation Supports Bespoke Financing Solution.

Multi-asset Review and Valuation Supports Bespoke Financing Solution.

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Background

European Valuations was engaged by Aeromet International Limited (AIL), a leading supplier of aluminium and magnesium castings and fully finished, assembly ready cast parts for the aerospace and defence industries, to provide multi asset valuation advice for potential secured lending purposes.

Founded in 1982, AIL is a Privet Capital company serving major OEMs including Airbus, Boeing, Embraer, and Rolls-Royce with parts ranging from engine and fuel system components to winglets and doors.

We worked closely with debt advisers Cadence Advisory (Cadence) and AIL to agree a comprehensive scope to satisfy potential lender requirements. The scope of work covered three asset classes and included a pre-lend due diligence review of the accounts receivable, a plant & equipment valuation and an inventory evaluation & appraisal which was managed across the companies three main operating sites in Worcester, Sittingbourne, and Rochester.

Our report and advice were used by Cadence and potential lenders in their credit decision making and structuring processes to deliver a working capital facility to meet the company’s current and ongoing working capital needs. Funding was provided by Aurelius Finance Company who provided a new £5 million senior secured term loan facility.

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