THE DEAL
Hamworthy KSE Group was part of Powell Duffryn plc purchased by NPIL in December 2000 in a public to private transaction. In July 2004, NPIL successfully placed it’s 100% holding in the newly named Hamworthy plc following the company’s admission to trading on AIM, raising £40.3 million.

THE NPIL DIFFERENCE
NPIL restructured Hamworthy KSE into a stand-alone business. Non-core operations were divested, and investment made over the period of ownership in developing new products.

NPIL’s strategy enabled Hamworthy KSE to record a 44% increase in both revenues and operating profit over the three years of it’s ownership. During this time Hamworthy has established itself as a world leader in the design and manufacture of large-scale marine fluid handling systems and equipment. This involved the orchestrated sale of lower-growth/lower-margin activities, and the development of new products and technologies for the fluid handling systems market. Additionally the assembly facility at Suzhou, China was upgraded with a larger and more modern facility.

THE BUSINESS
The group is a specialist global distributor and manufacturer of marine systems and equipment for merchant, cruise and naval vessels, and oil and gas offshore applications. It is either world number 1 or 2 in nearly all of its markets, and has around 700 employees based mainly in Europe and the Far East.

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