Stevens & Bolton LLP has advised Acro Aircraft Seating and founding shareholders on securing a £7.75m growth capital investment from the Business Growth Fund (BGF).
Acro, based near Gatwick Airport, manufactures around 25,000 aircraft seats each year for clients including Thomas Cook, Frontier and Spirit Airlines. BGF's capital will be used to invest in Acro's design and product development capabilities, strengthen its supply chain and provide additional working capital to fund the company’s future order pipeline.
The Stevens & Bolton team was led by corporate partner Keith Syson, supported by Oscar Horwich (corporate), Abigail Etchells (employment) Clare Whitworth (real estate) and Sarah Balchin (tax).
Keith Syson