Date of original investment: 2007
Deal type: Management buy-out
Over the last 25 years, Teknicast has built a reputation for quality and engineering capability among its long term customers in the US and Europe. The aluminium die-casting market is growing and Teknicast has an excellent competitive position globally, with a strong track record of growth.
In August 2008, Actis backed the management team to acquire the business, and has also earmarked funds for its expansion. Under Actis’s ownership, the business plan envisages broadening Teknicast’s international customer base, enhancing the management team and doubling the size of the business over five years.