PE-backed MBI for ACB
Europe et Croissance and Arkéa Capital Investissement have backed the management buy-in of Belgian circuit boards manufacturer Advanced Circuit Boards (ACB).
Europe et Croissance invested €500,000 through the Eurefi fund, set up in 1995 by the European Union and which also attracted commitments from European LPs. Arkéa Capital Investissement usually invests €1-5m per transaction.
The company is now owned by Humbert de Sallmard and Gilles Rigon, who have previous experience managing electronics companies in France. They plan on building the group through acquisitions, notably in Germany, Italy and the UK.
Company
Founded in 1988, ACB designs and produces printed circuit boards for the electronic industry. Headquartered in Termonde, Belgium, it also operates a French subsidiary called Atlantec France based in Malville.
The group employs 205 people and generates revenues of €26m.
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