Cheltenham headquartered Future Advanced Manufacture has been sold to Carmichael Holdings.
Carmichael Holdings was formed as the acquisition vehicle for this buyout. The transaction was supported by fresh equity being committed by Carmichael, as well as a funding package provided by Arbuthnot Latham.
Ashok D’Sa, founder of Carmichael Capital, will partner with Future’s former owner, Craig Peterson, to continue growing the business under new ownership.
Future Advanced Manufacture helps the world’s best engineers and designers turn their ideas, concepts and designs into highly engineered prototypes and high-quality, scalable production. Technically challenging, high-integrity, high-tolerance, utilising exotic materials are the projects that Future Advanced Manufacture is built for.
Carmichael Capital was formed to invest in niche, IP rich engineering and technology businesses with international growth potential, with enterprise values of £3m – £30m, that would benefit from a change of ownership. Key end markets are Aerospace, Defence, Industrials and Business Services. The founders of Carmichael Capital possess strategic and operational skills from long running careers in the space. Investment capital is sourced from high net worth individuals, family offices and overseas investors. Carmichael Capital is a long term, global investor.