BGF has divested its stake in Sheffield-based Independent Forgings and Alloys to Trive Capital, empowering the company for further growth in the aerospace and defense sectors.

Information on the Target

Independent Forgings and Alloys (IFA), established in 1587, holds the distinction of being one of the UK's oldest manufacturing firms. Located in Sheffield, IFA is a prominent supplier of both open-die and precision closed-die forgings, catering to critical sectors such as aerospace, defense, oil and gas, and power generation. BGF (Business Growth Fund) initially invested in IFA in 2018, facilitating its growth and the acquisition of Doncasters Precision Forge. Under this partnership, IFA has successfully more than doubled its annual revenues and broadened its production capabilities.

Industry Overview in the UK

The UK's aerospace sector is a vital component of its economy, being one of the world's largest and most competitive markets. Major companies within this industry benefit from the country's advanced manufacturing capabilities and a skilled workforce. Innovations in technology and a focus on sustainability have positioned the UK as a leader in aerospace engineering and manufacturing.

As the global demand for air travel continues to rise, the defense segment of the industry is equally significant, driven by heightened investment in national security and advanced military te