Walker Morris advises the management team of ELE Advanced Technologies on secondary buyoutPrint news article
LDC backs specialist engineering firm
Walker Morris has advised the management team of precision specialist engineering firm, ELE Advanced Technologies, on its secondary buyout backed by LDC. The management team was led by Chief Executive Manesh Pandya and included Finance Director David Stanley and Technical Director David Dudley.
ELE Advanced Technologies, which is headquartered in Colne, Lancashire, manufactures specialist components for aerospace, industrial gas turbines and commercial diesel sectors. Its clients include Rolls-Royce, Safran, Siemens, GE Avio, GE Power and MAN Diesel & Turbo.
It currently employs more than 180 staff from its facilities in Colne and Trencin, Slovakia and in its latest financial year, ELE generated revenues of almost £14m.
Walker Morris fielded a multidisciplinary team led by Head of Corporate, John Hamer, who was supported by Thomas Mieszkowski, Christopher Blair, (both Corporate) Catherine Raftery (Finance) and Sarah Bruce (Tax).
John Hamer commented:
“Our experience of working with private equity backed manufacturing firms has enabled us to support the management team of ELE Advanced Technologies on its secondary buyout. We look forward to seeing the business continue to grow in both its domestic and international markets.”