Our Restructuring and Advisory Division advises EC Electronics on funding package
Our Restructuring and Advisory Division advised EC Electronics on its recent funding from Rockpool Investments. The investment supports EC Electronics’ mission to become one of the biggest players in the European electronic manufacturing services market in the next two years.
The transaction was delivered by our Restructuring and Advisory Division’s corporate finance team led by director, Philippa Robinson with support from manager Calvin Bond. The Our Restructuring and Advisory Division team supported EC Electronics’ management team in developing its business plan, securing investment from Rockpool Investments, and structuring and delivering the deal.
Launched in 1984, EC Electronics is one of the leading electronics manufacturing service providers for original equipment manufacturers (OEMs) and product innovators in the UK and Europe. The company produces and supplies a number of high-quality electronic-based products and sub-assemblies to customers across various industries including connected technology, medical devices, electric vehicles, building controls and environmental monitoring.
An experienced management team, made up of CEO Phil Simmonds, CTO Bill Green, COO Lee Pope, and CSO Greg Faughnan, has led the business through a period of impressive growth in recent years.
The funding package from Rockpool will be used to assist EC Electronics’ buy-and-build strategy, adding to the three acquisitions it has already completed since its inception.
As part of the deal, Tony Clarkson has joined the board as Non-Executive Chairman. Tony has extensive experience in private equity-backed manufacturing businesses and will support the team as it continues its growth trajectory. Jez Quigg has also been appointed CFO of EC Electronics.
Our Restructuring and Advisory Division provided EC Electronics with M&A advisory, while Penningtons Manches Cooper led legal advisory. Rockpool was advised by Taylor Wessing (legal), RSM (financial and tax), Lincoln International (M&A), Continuum (organisational), RPL (commercial) and Claritas (tax structuring).
Phil Simmonds, CEO at EC Electronics, said: “We’re looking at a bright future ahead, and the funding from Rockpool will allow the company to grow on a scale it hasn’t seen before. The management team have been exceptional, and with this funding, I can now move away from the day-to-day operations to focus on the overall strategy of the company. We look forward to benefitting from our Restructuring and Advisory Division’s advice in the future as the business expands.”
Phillipa Robinson, director at our Restructuring and Advisory Division, said: “This is a pivotal moment for EC Electronics that will catapult them into a sustained period of impressive growth and market dominance. We worked closely with the management team to secure the funding package, ensuring the fulfilment of the company’s expansion strategy. It was a pleasure to help deliver this funding for EC Electronics and I’m excited to see their success off the back of this investment.”
