03 Mar 2021
The Camlee Group advised the shareholders of AEL Crystals Limited on its sale to Texas based Abracon LLC.
Based out of Earlswood, UK, AEL is a provider of frequency control components, including quartz-based frequency control components, MEMS products, filters and antenna products. AEL sells into the industrial, automotive, telecommunications, security and audio-visual end markets throughout EMEA and globally through its distribution partners.
"We are thrilled to partner with the AEL team and bolster Abracon's global presence," said Co-Chief Investment Officer, Riverside Capital Appreciation Fund (RCAF) Brad Roberts. "During our partnership, we plan to increase AEL's geographic footprint, aggressively pursue new product innovation and expand sales and engineering initiatives."
Cameron Varley and Chris Murthi of The Camlee Group provided corporate finance advice to the vendors. Legal advice was provided by Jon Gillow of Hill Dickinson LLP.