London, 3 November 2025 – Advent, a leading global private equity investor, is pleased to announce the closing of the purchase of ERIKS UK & Ireland by Rubix Group (“Rubix”), Europe’s leading supplier of industrial maintenance, repair and overhaul (MRO) products and services. The sale is in conjunction with the minority equity stake sale in Rubix.
The acquisition brings together two multi-specialist industrial distributors offering a broad range of products and services, while extending the Rubix offer in flow technology. The transaction cements Advent’s ambition to reinforce the UK’s industrial strength by enhancing Rubix’s capabilities and strengthening its position as the region’s market leader, with combined annual revenues in excess of €850 million.
In connection with the transaction, Neuberger Berman Private Markets led the acquisition of a minority equity shareholding in Rubix. Additional investors include Adams Street Partners, LGT Capital Partners, J. Safra Sarasin Asset Management, and funds and accounts managed by BlackRock.
Advent will remain the majority shareholder in Rubix and continue to support the company’s growth strategy across Europe.
Shonnel Malani, Managing Partner at Advent, said, “We are proud to back the UK’s industrial base by supporting strategic acquisitions such as this which will enhance Rubix’s market position and help position the UK as a global leader in the sector. The addition of new long-term partners reflects strong confidence in Rubix’s performance, growth prospects and management team. Together, we are well positioned to drive the next phase of value creation across European industrial distribution.”
About Advent
Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $100 billion in assets under management* and have made 435 investments across 44 countries.
Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.
As one of the largest privately-owned partnerships, our 675+ colleagues leverage the full ecosystem of Advent’s global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.
To learn more, visit our website or connect with us on LinkedIn.
*Assets under management (AUM) as of June 30, 2025. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.
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