Duff & Phelps announces sale of Lightning Aerospace assets

Financial advisory and investment banking company Duff & Phelps has sold the business and assets of Lightning Aerospace to a business backed by a2e Venture Catalysts for an undisclosed sum.

Matt Ingram and John Whitfield of Duff & Phelps were appointed administrators of Canley-based Lightning Aerospace on 4 July 2012 after falling orders and a high cost base led to cashflow difficulties within the company.

According to Ingram, the sale secures the future of the company’s remaining employees.