GIL Investments Limited (“GIL Investments”) announces that it has led the acquisition of Lander Holdings Limited (“Lander”), the parent company of Lander Automotive Limited, a Tier 1 supplier of fluid and air transfer pipes, tubular fabrications and interior trim assemblies to the global automotive industry generating sales in excess of £40m per annum.
GIL Investments is a UK headquartered private investment firm which invests in a range of sectors but has a particular specialism in manufacturing and industrials businesses. GIL Investments’ portfolio now comprises fourteen companies with combined turnover in excess of £400m.
The existing management team of Lander will continue to lead the business. Mike Gillett, previously Managing Director of another of GIL Investments’ portfolio companies, joins the Board of Lander as Chairman.
Les Litwinowicz, CEO of GIL Investments said:
“Lander is a business with a proud midlands heritage stretching back over 100 years and we look forward to working with the management team on the next stage of their journey.”
Bank funding was provided by Shawbrook Bank Limited (“Shawbrook”). GIL Investments were advised by Gateley PLC (Legal), KPMG LLP (Commercial Due Diligence) and Mazars LLP (Financial Due Diligence). Shawbrook were advised by Shoosmiths LLP (Legal).
Terms of the transaction were not disclosed.
