Buy-side Advisory to ELE Advanced Technologies

BTG is pleased to announce that it has advised mid-market private equity investor LDC and Newco on the secondary buy-out of ELE Advanced Technologies, with working capital and capex facilities provided by Lloyds Bank.

Headquartered in Colne, Lancashire, ELE is a leading manufacturer of specialist components for aerospace, industrial gas turbines, and commercial diesel sectors, with its clients including Rolls-Royce, Safran, Siemens, GE Avio, GE Power and MAN Diesel & Turbo.

ELE’s precision engineering capabilities enable it to produce complex parts for turbine blades, vanes and compressor blades, and it also supplies turbo charger components to the automotive sector from its manufacturing plant in Trencin, Slovakia.

LDC backed the current management team led by CEO Manesh Pandya, Finance Director David Stanley, Technical Director David Dudley, Head of Manufacturing Adam Forsyth and Head of Sales Sundeep Ammineni. The deal marks an exit for Albion Capital and Maven Capital Partners.

Manesh Pandya, CEO of ELE, said: “Our precision engineering capabilities give us a unique proposition that has enabled us to grow significantly and tap into global demand for specialist components. With LDC’s support we can accelerate our growth ambitions and seize new opportunities to increase our market share even further.

“The team at LDC has a stellar track record in manufacturing and mirrored our vision for the business. We look forward to building on our success to date in the coming months and years.”