Britten Norman has secured new funding from a bunch of traders led by 4D Capital Companions LLP (“4D”), a Non-public Fairness agency that focuses on operational enchancment and enterprise transformation. The brand new traders are making funds obtainable to Britten-Norman to fund working capital and to drive profitable long-term development.
Britten-Norman Chief Government, William Hynett OBE, commented:
“The board has been in an prolonged course of to safe the best funding that may enable Britten-Norman to ship its plans to scale up output to fulfill demand. Britten-Norman is a model with a wealthy and entrepreneurial aviation heritage which takes nice duty in enjoying a vitally necessary function in supporting its world-wide buyer base. These clients are the bedrock of their societies, typically offering important infrastructure or life-critical companies similar to maritime search and rescue and medical evacuation. Following quite a lot of curiosity within the enterprise, we’re happy to have recognized a brand new investor that shares our imaginative and prescient and technique.”
Alex Silk, founding father of 4D, mentioned:
“From the outset we noticed the latent worth in Britten-Norman, which has been underperforming because the pandemic. Along with bringing working capital, our group will work carefully with administration to assist the corporate ramp up manufacturing to fulfill the thrilling demand for its wanted Islander plane”.
Britten-Norman is the unique gear producer for the Islander, the world’s most iconic industrial gentle twin plane. In 2024 the corporate might be celebrating 70 years because it was first established at Bembridge Airport on the Isle of Wight, UK.
We wish to thank Chris Pole and Will Wright from Interpath Advisory for his or her assist in securing the funding via the sale of the enterprise and property of Britten-Norman.
About Britten-Norman
Britten-Norman is a world-leading sub-regional plane producer specialising in twin-engine piston and turboprop STOL plane. The corporate is a UK-based SME, exporting 97% of circa 1,300 plane manufactured so far. Along with manufacturing the world-famous Islander plane and supporting its clients globally, Britten-Norman is a pacesetter and innovator within the inexperienced “house race”, future-proofing air transport. A check and trials specialist, Britten-Norman’s analysis and growth groups collaborate with pioneering know-how innovators throughout all industries to assist carry new applied sciences to market.
For extra details about Britten-Norman, please go to www.britten-norman.com
About 4D
4D is a Non-public Fairness agency focussing on particular conditions, operational enchancment, and enterprise transformation. It specialises in unlocking the complete potential of underperforming firms.
For extra details about 4D Capital Companions, please go to www.4dcp.co.uk
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