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Private Equity | Aerospace & Defense | Automotive | Industrial Machinery & Components

Permali Gloucester has been acquired by Diamorph

Private equity firm 3i Group and the private shareholders of Permali Gloucester Limited have sold their interest in the company to Diamorph.

Permali Gloucester is a leading designer and manufacturer of composite and thermoplastic polyurethane (TPU) material solutions. It serves global OEMs and government organizations across a wide range of sectors, including defense, aerospace, Formula One (F1), medical and rail, supplying bespoke and highly technical products for often mission critical applications.

Diamorph provides material solutions under a range of brands for highly demanding environments and is backed by Epiris LLP, an independent private equity firm. The addition of Permali’s strong positions in defense, medical and F1 to the Diamorph Wear Components business unit, with the two businesses’ adjacent technology bases, will strengthen the group and create a significant UK player in laminate-based composite materials.

Oaklins Smith & Williamson, based in the UK, with the support of the team in Irvine, California, worked with the shareholders of Permali Gloucester Limited to deliver a successful sale to a strategic partner that can use Permali’s Gloucester (UK) base as the center of excellence for developing and growing its enlarged composites offering.

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M&A sell-side
Parties
“As a shareholder group, we found the advice and support that the Oaklins team provided crucial in achieving a successful transaction. Their strong track record in both the A&D and Industrials sectors and ability to anticipate and overcome a wide range of challenges during the sale process were important factors in delivering a positive outcome for the shareholders.”

Gus King

Former Managing Director and major shareholder, Permali Gloucester Limited

Talk to the deal team

 Philip  Barker

Philip Barker

Director

London, United Kingdom
Oaklins Smith & Williamson
 Brian  Livingston

Brian Livingston

Managing Director

London, United Kingdom
Oaklins Smith & Williamson
 Stephen  Perry

Stephen Perry

Managing Director

Irvine, United States
Oaklins Janes Capital
 Jason  Kimball

Jason Kimball

Director

Irvine, United States
Oaklins Janes Capital
 Carolina  Coquim

Carolina Coquim

Associate

London, United Kingdom
Oaklins Smith & Williamson

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