Elysian Capital, a UK private equity firm with a regional focus on investments in the UK and Ireland has acquired a majority stake in Mergon Group, an Irish owned company with North American and Central European HQ. Mergon specialises in plastic moulding solutions to the automotive, healthcare and industrial sectors and Elysian's investment will enable Mergon to embark on an ambitious expansion of 50% growth in the next three years, particularly in the automotive sector in China. Mergon makes moulding components for some of the world's most advanced automotive manufacturers, including Tesla, Jaguar Land Rover and BMW.
Paul Medlicott and Jemma Clarke acted as lead advisors on the transaction and were supported by Rachael Norris, Farah Aslam, Michelle Davis-Ratcliffe, Justine Delroy and Erik Chamonte.
Paul Medlicott commented: "We are delighted to have advised longstanding client Elysian Capital on its investment in Mergon, It’s a fantastic example of how Private Equity funds can and will support fast growing international businesses as they look to expand their reach and growth potential. All parties to the transaction and their advisers pulled together in a truly collaborative way to deliver the deal."