Percival Aviation Sold to Jet Parts Engineering in Strategic Expansion
Deal News | Apr 17, 2025 | Blake Morgan
Percival Aviation, a leading UK designer and producer of aircraft interiors, has been sold to Jet Parts Engineering, an aerospace parts and engineering company based in Seattle. Jet Parts Engineering is backed by Vance Street Capital, a private equity firm from Los Angeles. The acquisition is part of Percival Aviation's growth strategy to enhance its international presence. Blake Morgan, a legal advisory firm, facilitated the speedy transaction in collaboration with Quercus Corporate Finance, Altitude Accounting, and US legal advisors Snell & Wilmer. The legal team was led by Manoj Styche-Patel with support from Katie Newham, Toby Price, Rob Thomas, and Paul Duggan.
Sectors
- Aerospace & Defense
- Private Equity
- Legal Services
Geography
- United Kingdom – Percival Aviation is based in Fareham, Hampshire, UK.
- United States – Jet Parts Engineering, the acquiring company, is based in Seattle, USA, and Vance Street Capital, the private equity firm involved, is based in Los Angeles.
Industry
- Aerospace & Defense – The article involves companies that specialize in aerospace parts and aircraft interiors, making it relevant to the aerospace and defense industry.
- Private Equity – Vance Street Capital, a private equity firm, is a backer of the acquiring company, highlighting the role of private equity in this transaction.
- Legal Services – Blake Morgan, a legal advisory firm, facilitated the transaction, indicating involvement in the legal services industry.
Financials
- – The financial details of the transaction were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Percival Aviation | Target company | Company | A UK-based company specializing in aircraft interiors and a leading supplier in the industry. |
| Jet Parts Engineering | Buyer | Company | A Seattle-based aerospace parts and engineering company that acquired Percival Aviation. |
| Vance Street Capital | Private equity backer | Company | A Los Angeles-based private equity firm backing Jet Parts Engineering. |
| Blake Morgan | Legal advisor | Company | The legal advisory firm that facilitated the transaction. |
| Quercus Corporate Finance | Corporate finance advisor | Company | Provided corporate finance advisory services for the transaction. |
| Altitude Accounting | Accounting advisor | Company | Provided accounting services in the transaction. |
| Snell & Wilmer | US Legal advisor | Company | Provided US legal advisory services for the transaction. |
| Manoj Styche-Patel | Corporate partner | Person | Corporate partner at Blake Morgan leading the legal advisory team for Percival Aviation. |