Torqx Capital Partners and TKH Group reach agreement with Infinite Electronics on the divestment of Cable Connectivity Group

Torqx Capital Partners (“Torqx”) and TKH Group NV (“TKH”) are pleased to announce that they have reached agreement to sell Cable Connectivity Group (“CCG” or “the Company”) to Infinite Electronics Inc. (“Infinite”), a US-based leading global supplier of electronic components.

CCG is active in the production, distribution and assembly of specialty cables and cable connectivity solutions and is the result of the integration of multiple operating companies across the Benelux, Germany, Poland, Italy and China, previously part of TKH’s industrial connectivity activities.

Following the acquisition of the majority of shares in these companies by Torqx in August 2019, CCG was incorporated, and the entities were integrated into a leading platform in the European specialty cables and connectivity solutions market. Since then, the Company has been able to demonstrate impressive growth and profitability improvement.

Going forward, CCG will form the pivotal point of Infinite Electronics’ European operations, enabling Infinite to significantly expand its service offering in Europe. The CCG team, led by CEO Wouter-Jan van der Wurff and CFO Derk Veraar, are excited to become part of the Infinite family and to further develop the business together.

Rik Leunissen, Partner of Torqx, comments: “Over the last years, CCG has become an integrated, leading player in the European specialty cables and cable connectivity solutions market. It has been a pleasure to help realize the creation of this Company and develop it into the strong player it is now. We would like to thank management, the entire CCG team and our co-shareholder TKH for the very pleasant and successful cooperation. We believe that together with Infinite, CCG will be able to accelerate its growth trajectory and further strengthen its European leadership position.”

Alexander van der Lof, CEO of technology company TKH, comments: “We are convinced that after the successful partnership with Torqx, this is a natural step for CCG that will guarantee its continuity, but also offers further opportunities for growth and development of the Company. Infinite is a highly reputable company that will offer a reliable environment for the employees, suppliers and customers.”

Penny Cotner, President and CEO of Infinite Electronics, comments: “CCG’s assembly, brand distribution and production capabilities are a perfect complement to Infinite Electronics’ business model. We are very excited to welcome CCG and the team to Infinite Electronics and our portfolio of high-performing brands. This acquisition will provide us the unique opportunity to expand our operations in Europe and offer endless possibilities to grow together.”

For this transaction, William Blair acted as corporate finance advisor to the sellers, Loyens & Loeff acted as legal advisor, Deloitte provided the financial and tax vendor due diligence and Bain & Company assisted in vendor commercial due diligence. 

The transaction is subject to customary regulatory approvals and is expected to close within Q1 2023.

About CCG
Cable Connectivity Group (CCG) is active in the production, distribution and assembly of specialty cables and cable connectivity solutions. The Group comprises the operating companies Jobarco BV, Pantaflex BV and Capable BV (in The Netherlands), TKD Kabel GmbH, ConCab GmbH and Schrade Kabeltechnik Germany (in Germany), Schrade Kabeltechnik Poland and KC Industrie Srl (in Italy). For more information, please visit: www.cableconnectivitygroup.com

About Infinite Electronics
Infinite Electronics is a leading global supplier of electronic components, serving customers across industrial and electronics end markets. Backed by Warburg Pincus since 2021, our core mission is to support those requirements with an extensive offering of RF, industrial and connectivity solutions with a broad inventory selection, same-day shipping, and 24/7 customer service. For more information please visit: www.infiniteelectronics.com

About Torqx Capital Partners
Torqx invests in medium-sized companies with significant value creation potential. Situations include growth-, buy-and-build-, performance improvement-, turnaround- and transformational investments across a range of industries including manufacturing, distribution and services. Torqx acquires majority positions based on a partnership with co-shareholders and management teams, offering the companies smart capital, network, expertise and talent to support implementation of their plans and achieve their full potential. The Torqx team consists of 14 highly experienced and skilled investment professionals who look beyond spreadsheets and understand what it takes to build businesses and increase momentum. Torqx currently manages over € 350 million in committed capital and is backed by reputable international institutional investors and the Torqx team itself. For more information, please visit www.torqxcapital.com

About TKH
Technology firm TKH is focused on high-end innovative technologies in high growth markets within three business segments: Smart Vision systems, Smart Manufacturing systems and Smart Connectivity systems. Through a combination of technologies, TKH offers superior solutions that support to increase the efficiency, safety and security of its customers. The technologies are offered together with software to create smart technologies and one-stop-shop solutions with plug-and-play integrated technologies. TKH operates on a global scale. Its growth is concentrated in Europe, North America and Asia. Employing 6,160 people, TKH achieved a turnover of € 1.5 billion in 2021. For more information, please visit www.tkhgroup.com