Thursday 6 October 2022

Rockpool

Rock in the pool??? 'Yippee!' No. Nothing as exciting as that. 'Oh.'

Rockpool Investments has provided funding to EC Electronics: a global provider of electronic manufacturing services for OEMs and product innovators. The business manufactures high-quality electronics-based products and sub-assemblies for customers across various industries, including IoT-connected devices, medical devices, electric vehicles, building controls and environmental monitoring solutions.

You see?

'Yeah. Never mind, boss.'

I feel sad about it, but what can I do?

'Don't get upset. Just move on with your life.'

That's good advice, Voice.

Anyway ...

The organization is led by an experienced management team. Phil Simmonds (CEO), Bill Green (CTO), Lee Pope (COO), Greg Faughnan (CSO) and Lucian Tudor (Romania Director) have delivered a period of strong, sustained growth and will lead a buy-and-build acquisition strategy. Tony Clarkson has joined the board as non-executive chairman. He brings significant experience in private equity-backed manufacturing companies and will support the team as the business enters its next growth phase. Jez Quigg has also joined the business as CFO, bringing a wealth of experience working with global manufacturing businesses and private equity.

Notice, dear reader(s), that Lee Pope is the coo. 'That's a great job title!' I know, man. Imagine telling people, "Hi, I'm the coo." 

I mean ...

'Ha, ha, ha! "I'm the coo! Hello, I'm the coo!" Love it!'

Yeah.

Anyway, we've got voices ...

'Yippee!'

Come on, Phil!

Phil Simmonds, CEO at EC Electronics, says: "The team is really excited about working alongside Rockpool on the next stage of our journey. We are seeing huge opportunities in our key markets and have ambitious growth plans over the coming years. With Rockpool's investment and support, we will be actively seeking acquisitions to complement our organic growth and expect to be one of the biggest players in the European electronic manufacturing services market within the next two years."

Thanks, Phil.

Guy? 'What guy?' Pardon? 'What guy?' Er ... Guy. This guy -

Investment Manager Guy Nieuwenhuys comments: "EC Electronics represents an exciting opportunity for our investors to support a well-established and growing buy-and-build platform with a track record of successful acquisitions and a market-leading reputation for electronic manufacturing services. We are delighted to be working with Phil and the team to help support the business in its next phase of growth."

Thanks, Guy.

Okay. Let's finish with a bit about Rockpool ...

Rockpool Investments is a private equity firm dedicated to creating opportunities for high-net-worth individuals to invest in private companies. Rockpool provides equity and loan financing of between £3 million and £12 million to profitable UK-based private companies and has invested over £550 million since inception.

Fair enough. I suppose. 'It's not rock music in a pool, Mikey, but ... what did we expect, really?'

I know.

ENDS
ENDS
ENDS

...

Anything else?

I wrote something, for you ... my reader.

Then I deleted it.

Now it's just this ... ... ...

I hope you're satisfied with ... ... ...

Because that's all I've got at the ENDS of another week, baby ... ... ... you dig?

Laters.