Rivean Capital has sold ELCEE Group to Torqx Capital Partners
ELCEE Group is the go-to fabless supplier of mission-critical engineered and standard mechanical components and assemblies for leading manufacturing industries in Northwest Europe. ELCEE has an end-to-end proposition including in-house engineering support, quality control and supply chain management and serves customers across the material handling, agricultural and food processing, equipment manufacturing, construction and shipbuilding industries, among others.
Under Rivean Capital’s ownership, ELCEE executed an active buy-and-build strategy and became a leading pan-European mechanical components supplier. During this period, a strong integrated platform was built to facilitate the next phase of profitable growth. Lincoln International was engaged to assist Rivean Capital and ELCEE in their search for a new partner and orchestrated a tailored process that allowed ELCEE to complete two add-on acquisitions in the meantime. Ultimately, Torqx Capital Partners, a Benelux private equity firm, emerged as the preferred partner to drive ELCEE’s future success.
Sibert Meulenbelt, Lincoln International Managing Director who led the transaction, commented, “It has been a pleasure and privilege to work with the ELCEE and Rivean Capital teams. The platform that was built over the past several years positions ELCEE very well to continue to grow both organically and through acquisitions.”
Lincoln’s support in the design and execution of a structured deal process was instrumental to realize an excellent outcome for all stakeholders.
Meet our Senior Team
View More Transactions in Industrials
Lincoln International advised Wind Point Partners on the acquisition of Central Moloney Incorporated
Lincoln International advised OmniMax International on the sale of Amerimax Fabricated Products to a family office
Wise Equity, in collaboration with its portfolio company FIMO Group, has acquired a majority interest in WANHO
Lincoln International advised centrotherm clean solutions on its sale to Busch Vacuum Solutions
Lincoln International advised Industrial Growth Partners on the sale of CLIMAX to Specialized Fabrication Equipment Group, a portfolio company of Gladstone Investment
Lincoln International advised TriWest Capital Partners on the sale of ZyTech Building Systems to RONA, a portfolio company of Sycamore Partners
Lincoln International advised Convent Capital on the sale of CROWD to Tikehau Capital
Lincoln International advised Stone Arch Capital on the sale of East Iowa Machine Company to Steel Technologies
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.