Gilde Buy Out Partners and Management acquire Elcee Group from TransEquity Network

Mr. Mathias van Roij stays on as CEO and substantial shareholder

Dordrecht/Utrecht/'s-Hertogenbosch – Funds advised by Gilde Buy Out Partners ("Gilde") announced the acquisition of Elcee Group B.V. ("Elcee" or "The Company"), a leading supplier of engineered industrial parts, from TransEquity Network ("TransEquity") and Mr. M.A.J. van Roij. Completion of the transaction is anticipated to take place in July, subject to clearance of the relevant competition authorities. The terms of the agreement have not been disclosed.

Elcee, with turnover of approximately €100 Mio., has developed from being a purely Dutch player into a pan-European industrial supplier through an active buy-and-build strategy. Recent acquisitions include the acquisitions of Gildemeister a+f Components (Germany), Global Suplliers (Belgium) and Global Supplier Group (the Nordics and Poland). As the new reference shareholder, Gilde will further support the Company's acquisitive growth strategy.

Commenting on the sale, Mathias van Roij, the Company CEO, says:

"I am grateful to all at Elcee and TransEquity for their contribution and support over the years and for putting the Company on its recent growth path. Meanwhile, Elcee's Management and I are excited to continue and accelerate our growth strategy with a new partner and believe the transaction will allow the Company to fulfill its international ambitions."

Tom Muizers, partner at Gilde:

"Elcee presents us with an attractive opportunity to invest in a leading player in the European industrial components market. With its focus on the West- and North-European market, Elcee is at the sweetspot of Gilde's geographical focus, and we are excited to support the Company's growth across Europe."

Jurgen van Olphen, founding partner at TransEquity:

"Elcee has realized spectacular growth in recent years, due to the continuous effort of Mathias van Roij and the broader management team. We are convinced that Elcee has found an excellent partner in Gilde to continue the international expansion."

About Elcee Group

Founded in 1923, Elcee is a leading supplier of engineered industrial components across four product groups: Castings & Forgings, Plain Bearings, Fasteners and Lifting products. The company, headquartered in the Netherlands, services ca 3,200 customers in the Benelux, the DACH region and the Nordics. Headquartered in Dordrecht (NL), with 10 sales offices and warehousing locations across Europe and 3 sourcing and assembly locations in Asia, the group employs c. 300 FTE. The Company actively pursues a buy-and-build strategy to further grow its European footprint, aiming to further improve the development, engineering, assembly and supply of offered products to its customers both locally and world-wide. For more information please visit www.elcee.nl

About Gilde Buy Out Partners

Gilde Buy Out Partners is a leading European private equity investor in mid-market transactions with operations in the DACH region and the Benelux. Gilde manages funds in excess of EUR 3 billion and has offices in Zurich, Frankfurt, Utrecht and Brussels. With EUR 1.1 billion, the current investment fund Gilde Buy-Out Fund V is among the largest dedicated mid-market buy-out investment funds in Europe. Gilde controls majority shareholdings in, amongst others, companies like Veco Precision, Esdec, albelli, Oystershell Laboratories, t-groep, Royal Reesink, Riri, Royal Ten Cate and Enkco. For more information, please visit www.gilde.com.

About TransEquity Network

TransEquity Network is a hands-on investor in smaller medium sized companies with significant growth potential. TransEquity realizes above average value growth through hands-on support on strategic, financial and operational level. TransEquity was founded in 2002 and is located in 's-Hertogenbosch. For more information, please visit www.transequity.nl