Ashfords completes NP Aerospace's £30 million US acquisition of Iten Defense, a company specialising in the manufacturing of composite armour products

The Coventry-based armour technology manufacturer acquired Iten Defense from Edgewater Capital Partners and other minority shareholders, strengthening their US presence.

Following the acquisition, Iten Defense will continue to operate under the same brand and leadership, as both companies begin the next phase of their growth plans.

UK input into the acquisition and financing was led by Kim Hawkins, partner in Ashfords' corporate team and Ed Hobbs, partner in the banking and finance team, together with support from their respective teams.

Kim Hawkins, corporate partner at Ashfords, said: “NP Aerospace's acquisition is an important milestone for the company and reflects their growing international presence. The transaction is expected to accelerate growth and increase revenue across the global enterprise, and our team’s expertise helped guide the transaction to a successful close.”

Ed Hobbs, partner in the banking and finance team, said: “Working across teams, Ashfords offered the specialist knowledge and expertise needed to complete NP Aerospace's latest acquisition. The transaction demonstrates our ability to support clients in the defence and security sector, and work on large cross border matters.”

Ashfords' corporate team advise and negotiate on the legal aspects integral to successful corporate activities for businesses and their investors. We have expertise in traditional M&A and capital market listings, venture & growth capital and private equity investments through to demergers and reorganisations.

For more information, please contact our corporate team.