Rockpool Investments

Cavendish is thrilled to have advised Rockpool Investments and its portfolio company, EC Electronics, in raising new debt facilities from Shawbrook Bank to finance the acquisition of Liad Electronics.

EC Electronics Group is a global provider of electronics manufacturing services that has acquired Netherlands-based Liad Electronics, a specialist in printed circuit board assemblies. The acquisition of Liad provides the enlarged EC Group with a greater presence in mainland Europe and further manufacturing capacity. The acquisition was funded by a new debt package from Shawbrook Bank as well as further funding from Rockpool. The debt facilities also include follow-on capital for future acquisitions as EC Electronics continues its search for complimentary electronics manufacturing businesses

Phil Simmonds, CEO of EC Electronics, commented:

“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. We are delighted with the new debt funding package that Cavendish supported us in putting in place and have found a great partner in Shawbrook that can support us in executing both our short and long term plans for EC.”

Guy Nieuwenhuys, Investment Manager at Rockpool, quoted:

“EC’s strategic acquisition of Liad Electronics in the Netherlands represents an exciting opportunity to accelerate growth in mainland Europe. It is fantastic to have once again collaborated with the Cavendish Debt Advisory team who quickly understood the EC platform and ensured the most appropriate debt financing solution was put in place. We are delighted to be partnering with Shawbrook Bank on this acquisition and we look forward to continuing the buy and build strategy.”

Krishan Raval, Director at Cavendish, commented on the deal saying:

“Shortly after our first meeting with EC’s Management team it became evident that Rockpool had made an excellent investment into an electronics manufacturing business run by an ambitious, yet balanced, Management team. EC already had a global presence but with the acquisition of Liad, that presence has become even stronger. Shawbrook stood out as the optimal funding partner for EC having invested significant time in fully understanding the business and ultimately provided a well-tailored debt package for the Group.”