Investec advises Rosebank Industries on $1.9 billion acquisition of Electrical Components International and its £1.14 billion fundraise

How we helped

Our UK Corporate Broking & PLC Advisory team is delighted to have acted as Joint Global Coordinator, Financial Adviser, Nominated Adviser and Joint Corporate Broker to Rosebank Industries plc (‘Rosebank’) on $1.9 billion acquisition of the American company Electrical Components International Inc (‘ECI’) and its £1.14 billion fundraise.

The acquisition is being funded through a fully underwritten equity fundraise at £3.00 per share.

This transaction marks a significant milestone for Rosebank being its first acquisition, following its IPO in July 2024, and demonstrates Investec’s ongoing support for a management team it has worked with for over 22 years.

This is the largest primary placing in UK equity markets since 2020, the largest ever placing on AIM and is the fourth ECM deal our UK Capital Goods sector team has executed in the past 12 months.  

“The support from Investec has been invaluable throughout our journey. Their expertise and understanding of the capital markets has played a critical role in facilitating this acquisition. We look forward to continuing our partnership as we execute our ‘Buy, Improve, Sell’ model and create significant value for our shareholders. We could not have done this deal without Investec.”

– Simon Peckham, Chief Executive of Rosebank

“Investec has a very strong relationship with the Rosebank team, and we are proud to support them on this important first acquisition and fundraise. Having worked with the team for over 22 years, we are delighted to be part of their new journey and look forward to supporting Rosebank in becoming a UK industrial powerhouse.”

– Carlton Nelson, Head of Corporate Broking & PLC Advisory at Investec

About Rosebank Industries plc

Rosebank was established in 2024 to acquire businesses whose performance the Directors believe can be improved so as to create shareholder value. Rosebank’s strategy is to acquire quality industrial or manufacturing businesses with strong fundamentals whose performance may be improved. Through investing in acquired businesses, changing management focus and delivering operational improvements, Rosebank seeks to increase and realise the value in such businesses, typically over a three-to-five-year investment horizon and to return the proceeds to shareholders.

About ECI

Founded in 1953, ECI is one of the world’s leading suppliers of electrical distribution systems, control box assemblies, and other critical engineered components for a range of diversified end markets ranging from consumer appliances to smart industrial equipment. With approximately 20,000 employees and 39 global manufacturing locations, ECI is the trusted partner to over 450 customers with leading positions in respective end markets. ECI powers smart, connected, and electrified solutions that enable the most advanced technologies to solve the most complex challenges.