M&A Deal Summary

Torqx Capital Partners Acquires Elcee

On October 12, 2023, private equity firm Torqx Capital Partners acquired manufacturer Elcee from Rivean Capital

Acquisition Highlights
  • This is Torqx Capital Partners’ 4th transaction in the Manufacturing sector.
  • This is Torqx Capital Partners’ 15th transaction in the Netherlands.

M&A Deal Summary

Date 2023-10-12
Target Elcee
Sector Manufacturing
Buyer(s) Torqx Capital Partners
Sellers(s) Rivean Capital
Deal Type Secondary Buyout

Target

Elcee

Dordrecht, Netherlands
Elcee is a provider of customized parts and components, assembled products, and standard products for a wide range of industrial markets. The company is active in the (co-)development, design, engineering and supply chain management (sourcing, stock-keeping as well as quality control and delivery) of industrial parts in four product groups: castings and forgings, plain bearings, fasteners, and lifters. It operates local offices throughout Europe in combination with technical support centers in China and Poland. Elcee was founded in 1923 and is based in Dordrecht, Netherlands.

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Buyer(S) 1

Buyer

Torqx Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2017
PE ASSETS 150M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Torqx Capital Partners is a private equity firm focused on acquiring and investing in medium-sized companies located in the Benelux. The Firm will consider a variety of investment situations including expansion financings, buy-and-builds, performance improvements, turnarounds, and transformational investments. Broad areas of interest include manufacturing, distribution and services where Torqx can leverage its experience and team. The Firm typically acquires majority positions and partners with entrepreneurs and management teams when pursuing transactions. Torqx Capital Partners was established in 2017 and is headquartered in Bussum, the Netherlands.


DEAL STATS #
Overall 17 of 18
Sector (Manufacturing) 4 of 4
Type (Secondary Buyout) 2 of 2
Country (Netherlands) 15 of 16
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Prins Castings & Forgings

Amersfoort, Netherlands

Prins Castings & Forgings manufactures tailor-made castings and forgings and helps out in the engineering, design, and quality control phases. It is a stockholder for custom-made products and serves a variety of industries a.o. rail infrastructure, earthmoving equipment, commercial vehicles, building and construction equipment. Prins Castings & Forgings is based in Amersfoort, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-22 Beter Bed Holding

Uden, Netherlands

Beter Bed Holding is a sleep specialist in retail, wholesale and B2B. Beter Bed Holding was founded in 1981 and is based in Uden, Netherlands.

Buy -

Seller(S) 1

SELLER

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 43 of 43
Sector (Manufacturing) 6 of 6
Type (Secondary Buyout) 22 of 22
Country (Netherlands) 25 of 25
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-26 Green Mobility

Munich, Germany

Green Mobility is a technology-based e-bike leasing groups. Green Mobility is based in Munich, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-15 Wilvo

Bergeijk, Netherlands

Wilvo is a metalworking company focused on the processing of a wide range of metal products using CNC machines and robot-assisted welding machines. In addition to light structural engineering is also offered special industrial services. Wilvo has high-tech assembly halls with state-of-the-art machines, as well as exceptional expertise, with which complex projects in small and large series can be implemented within a short time for customers at home and abroad. In addition, the company has two clean rooms (together 1000 m2), which are among the largest in the Netherlands and are ideal for cleaning large, highly sensitive machines and components. Wilvo was founded in 1970 and is based in Bergeijk, Netherlands.

Buy -