Maven Capital Partners
In October 2019 Maven sold ELE to LDC, generating a 4.4x return for investors. ELE is a leading manufacturer of precision engineering components for the industrial gas turbine, aerospace, defence and automotive markets. The business, which is based in Colne, Lancashire and has a manufacturing facility in Slovakia, specialises in non-conventional machining for both aero and land based gas turbines.
ELE is one of only a handful of companies around the globe that can perform the stem drilling operations used to cut cooling holes in hot end turbine blades, and other specialist
manufacturing capabilities include electrical discharge machining (EDM), laser drilling, capillary drilling and creep feed grinding. Clients include Rolls-Royce, Safran, Siemens, GE Avio, GE Power and MAN Diesel & Turbo.