EMK Capital LLP, through its controlled funds, agreed to buy a majority stake in Williams Advanced Engineering Ltd. from Williams Grand Prix Holdings PLC.

The London-based private equity firm will also inject growth capital directly into Williams Advanced Engineering. The target company provides engineering solutions to the automotive, motor sport, aerospace, marine, defense and healthcare sectors.

Williams Grand Prix will keep a significant minority stake in Williams Advanced Engineering.

The deal is scheduled to close in the next few weeks.