EC Electronics Group announces acquisition of Liad Electronics through Shawbrook Bank and Rockpool Investments
EC Electronics Group, a global provider of electronics manufacturing services, announces the acquisition of Netherlands based Liad Electronics, funded through a debt package from Shawbrook Bank and further funding from Rockpool Investments.
Liad Electronics Breda B.V. specialises in printed circuit board assemblies to an exciting base of high-tech customers who have sophisticated electronics manufacturing requirements. The acquisition of Liad provides the group with greater presence in mainland Europe and further manufacturing capacity. The Group’s Netherlands operation will continue to be overseen by Rick Meesters who will be re-investing into the group and joining the board. This marks the second acquisition following Rockpool’s investment in September 2022. The Shawbrook Bank senior debt package will provide EC Electronics, with significant access to capital to deploy into future acquisitions as EC continues its search for complimentary electronics manufacturing businesses.
We are very excited about Liad Electronics joining the EC Group and working with the incredibly experienced team there. Liad will now be the foundation for the next stage of our growth plans in mainland Europe and a key part of the future success of the Group.
Phil Simmonds, CEO of EC Electronics
I am looking forward to collaborating with the EC Group and Rockpool. The additional services offered by EC will allow us to significantly improve our position and provide extra support to existing relationships.
Rick Meesters, Managing Director of Liad Electronics
EC’s strategic acquisition of Liad Electronics in the Netherlands represents an exciting opportunity to accelerate growth in mainland Europe. We are delighted to be partnering with Shawbrook Bank on this acquisition and we look forward to continuing the buy and build strategy.
Guy Nieuwenhuys, Investment Manager at Rockpool
We are delighted to be partnering with EC and Rockpool. Phil impressed us from the get-go, whilst EC clearly evidenced to us a compelling point of focus and differentiation. Combined with Rockpool’s combined capital and M&A support, we are truly excited for EC’s future.
James Salmon, Senior Director at Shawbrook Bank
EC Electronics and Rockpool were advised by Cavendish (debt advisory), Taylor Wessing (EC debt & equity legals), Evelyn (vendor financial/tax), Van Campen Liem (Liad legals and NL tax), Accuracy (Liad financial & commercial) and Claritas (UK tax). Shawbrook were advised by Addleshaw Goddard (legals).
Liad were advised by OSCF and OvernameAdvies (corporate finance), Taylor Wessing NL (legals) and Atlas (Tax).
Rockpool Investments is a private equity firm dedicated to finding opportunities in the lower mid-market for individuals to invest in private companies. Rockpool has invested over £600m since inception.
Guy Nieuwenhuys and Toby Hurdle led the investment for Rockpool.
