Squire Patton Boggs has advised private equity investor LDC, part of Lloyds Banking Group, on an investment in Reliance Precision (Reliance), a specialist engineering technology business.
The Squire Patton Boggs team included Corporate partners David Milne and Paul Mann, director Louise Parker and associates Hannah Donovan and Sarah Hardman.
Founded in the UK in 1920, with an additional site in Ireland, Reliance is a precision engineering company which specialises in the design, development, manufacture and testing of process critical and mission ready components for complex environments that are engineered at micron levels of accuracy. Reliance partners with global customers in the life sciences, defence and space industries from early-stage concept and prototype development through to full-rate, long-term production. The business employs c.240 people across the two sites.
The investment from LDC will be used to support Reliance’s ambitious organic growth strategy, enabling it to build a more compelling platform and accelerate new product development.
