MEP Ltd.

Wise Equity, through its fund Wisequity VI, acquired a majority stake (around 70%) in Mep, a leader in machinery for steel bar processing based in Reana del Rojale, Italy. Founder Giorgio Del Fabro retains about 30%.

MEP Ltd., a UK-based manufacturer of complex plastic and metal components for aerospace and defense, will invest $6.4 million to establish its first U.S. operation in Danville, Virginia. The project will create 45 new jobs. The company will operate as Making Everything Possible LLC and will occupy a temporary space while its new facility is constructed at Cyber Park.