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Private Equity

MCM Capital Partners Acquires EB Industries

Cleveland, OH – MCM Capital Partners (“MCM”), a micro-cap private equity firm based in Cleveland, Ohio, is pleased to announce the majority recapitalization of EB Industries (“EBI” or the “Company”). EBI, based in Farmingdale, NY, is a highly specialized electron beam and laser welding service provider for demanding applications in the aerospace, medical device, semiconductor and energy industries.  The Company also…

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Cleveland, OH – MCM Capital Partners (“MCM”), a
micro-cap private equity firm based in Cleveland, Ohio, is pleased to announce
the majority recapitalization of EB Industries (“EBI” or the
“Company”). EBI, based in Farmingdale, NY, is a highly specialized electron
beam and laser welding service provider for demanding applications in the
aerospace, medical device, semiconductor and energy industries.  The Company also provides additional
value-added services such as 3D laser cutting, engineering, tool design and
fabrication, destructive and non-destructive testing and supply chain
management.  Customers rely on EBI for
consistent weld quality of difficult to join, mission critical components. The
Company’s innovative approach to tooling and expert engineering allow it to
achieve best-in-class quality welds and industry leading turnaround
times. 

The transaction
provides EBI with the necessary capital and resources to continue to provide
best-in-class services to its existing customers, while accelerating its growth
plan. To date, much of EBI’s growth has been by word of mouth. Partnering with
MCM will allow EBI to drive outsized growth through a concerted sales and
marketing effort, vertical integration opportunities and strategic add-on
acquisitions. 

Mr. Steve DeLalio,
owner and CEO of EBI, who retained a significant equity share of the Company commented,
“Being a family owned business for 55 years, it was a life changing and
emotional decision to give up equity and control by selling to a private equity
firm. After an exhaustive and thorough vetting process, MCM was clearly the
only offer I was willing to consider. PE firms certainly look out for their
investors, but MCM also took the time to understand my goals and
objectives.”

Mr. DeLalio continued,
“They not only respect and appreciate my entrepreneurial spirit, but truly
understand the unique challenges and future rewards of a small business. Their
desire to ‘roll up their sleeves’ and get involved is unique and refreshing.
I’m looking forward to partnering with MCM team and continuing the tradition of
excellence EBI started over 5 decades ago.”

MCM Managing Director,
Bobby Kingsbury stated, “EBI fits extremely well with our investment focus and
possesses many of the attributes we look for in successful investments
including proprietary processes and technical know-how, increasing demand for
its services in growing industries and a cultural focus of exceptional quality
and customer service. We look forward to a successful partnership alongside Steve
and the rest of the EBI team.”

EBI is the sixth
platform acquisition in MCM Capital Partners III, L.P.

Source: https://www.mcmcapital.com/2020/01/mcm-capital-partners-acquires-eb-industries/

Private Equity

Gulf Capital backs CWB as part of $60mln IP platform build

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The post Gulf Capital backs CWB as part of mln IP platform build first appeared on https://africacapitaldigest.com.

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Allianz-managed AfricaGrow backs first two funds

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Lilium Capital’s Vista Bank acquires two BNP units

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Source: https://africacapitaldigest.com/lilium-capitals-vista-bank-acquires-two-bnp-units/

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