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BrittenNorman has secured new investment from a group of investors led by 4D Capital Partners LLP (4D), a private equity firm focused on operational improvement and business transformation.
New investors are providing BrittenNorman with funding for working capital and successful long-term growth.
William Hynett OBE, Chief Executive of Britten Norman, commented: “The board has undertaken a long process to secure appropriate investment to enable Britten Norman to realize its plans to expand production in line with demand.
“Britten Norman is a brand with a rich and entrepreneurial aviation heritage, and we have a huge responsibility to play a vital role in supporting our customer base around the world. Our customers are the foundation of society, often providing critical infrastructure and life-saving services such as maritime search and rescue and medical evacuation. Following the tremendous interest in this business, our vision and We are pleased to have identified new investors who share our strategy.”
Alex Silk, founder of 4D, added: In addition to providing working capital, our team will work closely with management to help the company scale production to meet the exciting demand for the high-demand Islander aircraft. ”
Britten-Norman is the original equipment manufacturer of the Islander, the world’s most iconic light commercial twin-engine aircraft. The company will celebrate his 70th anniversary in 2024 since it was first established at Bembridge Airport on the Isle of Wight, UK.
We would like to thank Chris Pole and Will Wright of Interpath Advisory for their assistance in securing investment through the sale of Britten-Norman’s operations and assets.
Britten-Norman is one of the world’s leading sub-regional aircraft manufacturers specializing in twin-engine piston and turboprop STOL aircraft. The company is a small business based in the UK, exporting 97% of the approximately 1,300 aircraft manufactured to date.
In addition to manufacturing the world-famous Islander aircraft and supporting customers around the world, Britten-Norman is a leader and innovator in the environmentally friendly Space Race and a forward-looking aviation company. We are realizing transportation. As a testing and clinical trial specialist, Britten-Norman’s research and development team works with pioneering technology innovators across all industries to help bring new technologies to market.
www.britten-norman.com
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