York Capital Management and Elements Capital Management completed the acquisition of Famar Group.

York Capital Management, a global alternative investment firm that focuses on identifying mispriced risk through divergent views of markets and catalysts, and Elements Capital Management, a private equity firm, completed the acquisition of Famar Group, a manufacturer of machines tools for mechanical workpiece machining, both at single machine and integrated productive processes. Financial terms were not disclosed. “The team from York, ECM and their advisors have been most impressed with the leadership and employee commitment to the business. We are very confident that we can build a successful future for the business, the employees, our customers and all the other stakeholders," York Capital and Elements Capital.