EC Electronics Ltd (Rockpool) acquired Liad Electronics

EC Electronics announces the acquisition of Liad Electronics through Rockpool Investments. BusinessforSale.eu's sister company  OvernameAdvies assisted the sellers in this transaction.

Breda-based Liad Electronics has been acquired by EC Electronics Group, a global supplier of electronics manufacturing services (EMS). The acquisition will be financed by a debt package from Shawbrook Bank and further financing from Rockpool Investments.

Liad Electronics - Local leader in PCB assembly

Liad Electronics Breda BV specializes in printed circuit board assemblies (PCBAs) for high-tech customers with advanced requirements for the assembly of PCBs. The acquisition of Liad gives the group a greater presence in continental Europe and more production capacity. The Group's Dutch operations will continue to be overseen by Liad's CEO Rick Meesters, who will reinvest in the group and become a member of the board of directors. This is the second acquisition following Rockpool's investment in EC Electronics in September 2022.

The takeover of Liad

Phil Simmonds, CEO of EC Electronics: “We are very excited about Liad Electronics joining the EC Group and working with the incredibly experienced team there. Liad will now form the basis for the next phase of our growth plans in continental Europe and be an important part of the Group's future success.”

Rick Meesters, Managing Director of Liad Electronics: “I look forward to working with the EC Group and Rockpool. With EC's additional services we can significantly improve our position and provide additional support to existing relationships.”

Guy Nieuwenhuys, investment manager at Rockpool: “EC's strategic acquisition of Liad Electronics in the Netherlands represents a great opportunity to accelerate growth in continental Europe. We are pleased to partner with Shawbrook Bank on this acquisition and look forward to continuing the buy and build strategy.”

James Salmon, senior director at Shawbrook Bank, said: “We are delighted to be working with EC and Rockpool. Phil impressed us from the start, while EC clearly showed us a compelling point of focus and differentiation. Combined with the combined capital and M&A support from Rockpool, we are really excited about the future of EC.”

Involved takeover advisors

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 was advised by Addleshaw Goddard (lawyers).

Liad was advised by OSCF and OvernameAdvies (corporate finance), Taylor Wessing NL (legal) and Atlas (Tax).

About Rockpool Investments

Rockpool Investments is a private equity firm focused on finding acquisition candidates in the mid-market segment. Rockpool has invested more than £600 million since its inception.

Guy Nieuwenhuys and Toby Hurdle led the investment for Rockpool.