Lloyds Development Capital, the private equity arm of Lloyds Banking Group, agreed to acquire Ele Advanced Technologies, engineering specialist from Albion Capital and Maven Capital Partners. Financial terms of the deal were not disclosed. ELE provides highly specialized precision metal cutting processes for turbine blades also supplies turbocharger components to the automotive sector. The business currently employs more than 180 people from its facilities in Colne and Slovakia. “With backing from Maven, we have been able to develop niche technologies and capabilities that have enabled us to grow and supply our products globally. The business has been transformed since 2000 and I’d like to thank Mike Collis and Maven for their support on this journey.” Manesh Pandya, ELE CEO.