Gilde Buy Out Partners and Management acquire Elcee Group from TransEquity Network

Today, the funds advised by Gilde Buy Out Partners (“Gilde”) announced the acquisition of Elcee Group B.V. (“Elcee” or “the Group “), which is sold by TransEquity Network (“TransEquity”). The closing of the transaction is expected at the end of July, after approval by the competition authorities. The terms of the transaction are not disclosed. Tjeu van Roij will continue as CEO and major shareholder.

Elcee, with a turnover of around 100M, has developed from a local Dutch player to a leading European supplier of customer-specific, industrial products. In recent years, the Group has grown considerably by means of a so-called buy-and-build strategy. Gilde, as new shareholder, aims to continue this growth strategy. Recent acquisitions include the acquisition of Gildemeister a + f Components in Germany, Global Suppliers in Belgium and the Global Supplier Group in Scandinavia and Poland.

Tjeu van Roij, major shareholder and CEO of Elcee: “The management and I are looking forward to the next phase of growth and believe that the transaction with Gilde gives us the opportunity to accelerate the deployed growth path and the international growth ambitions of Elcee. I want to thank TransEquity and everyone at Elcee for their cooperation and support in recent years. This has also allowed the recent growth. The participation of the broader management is a proof of trust for me, and a guarantee for their long-term involvement with the company, something I respect them very grateful for.”

Tom Muizers, partner at Gilde: “Elcee offers us an attractive opportunity to invest in a leading European player in the industrial components market. With her focus on Western and Northern Europe, Elcee is in the geographical heart of Gilde’s strategy and we look forward to further growth of the Group, together with Tjeu and the management, to a pan-European market leader.”

Jurgen van Olphen, founding partner at TransEquity: “The last few years, Elcee has gone through a spectacular growth thanks to the efforts of Tjeu van Roij and Elcee’s management team. We are convinced that Elcee has found an excellent partner in Gilde for her international growth plans.”

About Elcee Group: Elcee, founded in 1923, is an international supplier of customer-specific industrial components. The Group offers products in 4 specialist business units: Casting and Forging, Bearing technology, Lifting technology and stainless steel fastening material, with which she has about 3,200 customers in the Benelux, Germany, Switzerland, Austria and Scandinavia. There are approximately 300 FTE employed at Elcee, spread over the head office in Dordrecht, 10 Sales and Warehousing locations in Europe, a procurement and assembly location in Eastern Europe and 3 Sourcing and finishing locations in Asia. Elcee has a strategy to grow through further acquisitions to increase its geographic reach within Europe in order to provide both local and worldwide our customers with the right service, production possibilities and support.

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About Gilde Buy Out Partners: Gilde Buy Out Partners is a leading European private equity investor with offices in Zurich, Frankfurt, Utrecht and Brussels. Gilde Buy-Out Fund V, the most recently raised fund of € 1.1bn, is one of the largest, specifically aimed at mid-market, buy-out funds in Europe. Gilde currently holds one majority holdings in Veco Precision, Esdec, albelli, Oystershell Laboratories, t-group, Royal Reesink, Riri, Royal Ten Cate and Enkco.

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