Rivean Capital has sold ELCEE Group to Torqx Capital Partners
ELCEE Group
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.
The Deal
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.
Our Perspective
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.
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