Gilde acquires Elcee Group
Gilde Buy Out Partners has bought Elcee Group, a Netherlands-based supplier of engineered industrial parts, from investment company Transequity Network and CEO Mathias van Roij.
Gilde Buy Out Partners is currently investing via its fifth buyout fund, closed on its hard-cap of €1.1bn. It typically deploys equity tickets of €30-120m in companies with enterprise values of between €100-250m.
Elcee developed from being a purely Dutch player into a pan-European industrial supplier through an active buy-and-build strategy. Recent acquisitions include Gildemeister a+f Components (Germany), Global Suppliers (Belgium) and Global Supplier Group (Nordic region and Poland).
Gilde will further support the company's acquisitive growth strategy and international expansion.
Company
Founded in 1923, Elcee is a supplier of engineered industrial components across four product groups: castings and forgings, plain bearings, fasteners and lifting products. The company services 3,200 customers in the Benelux, DACH and Nordic regions.
Headquartered in Dordrecht, Elcee operates 10 sales offices and warehousing locations across Europe, and three sourcing and assembly locations in Asia. The group has a headcount of around 300 and generates a turnover of €100m.
People
Elcee Group – Mathias van Roij (CEO).
Gilde – Tom Muizers (partner).
TransEquity – Jurgen van Olphen (founding partner).
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