M&A Deal Summary

Ampersand Capital Partners Acquires Specac

On March 13, 2024, growth capital firm Ampersand Capital Partners acquired manufacturer Specac from Foresight Private Equity

Acquisition Highlights
  • This is Ampersand Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is Ampersand Capital Partners’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2024-03-13
Target Specac
Sector Manufacturing
Buyer(s) Ampersand Capital Partners
Sellers(s) Foresight Private Equity
Deal Type Secondary Buyout

Target

Specac

Orpington, United Kingdom
Specac is a manufacturer of high specification sample analysis and sample preparation equipment used in testing and research laboratories worldwide across a broad range of applications and end markets. Specac’s products are primarily focused on supporting IR Spectroscopy, an important analytical technique prevalent in both research and commercial-industrial labs. Specac was founded in 1971 and is based in Orpington, England.

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Buyer(S) 1

Buyer

Ampersand Capital Partners

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Ampersand Capital Partners is a middle-market private equity group that concentrates on growth equity investment opportunities in the healthcare sector. The Firm looks to invest $10 to $100 million in businesses with $10 to $100 million of revenue. Specific areas of interests within healthcare include lab products, specialty diagnostic equipment, pharmaceutical outsourcing, and specialty pharma. Ampersand generally prefers to be the first and sole institutional investor. Ampersand was formed in 1988 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 80 of 86
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 6 of 8
Country: United Kingdom M&A 2 of 2
Year: 2024 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Julius Clinical Research

Zeist, Netherlands

Julius Clinical Research is a scientifically focused CRO providing end-to-end clinical trial service to pharmaceutical and biotechnology customers, governments, and academia. The company combines operational excellence and a global network of research sites to deliver tailor-made solutions for customers and their clinical trials. Julius Clinical Research was formed in 2008 and is based in Zeist, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Biologos

Montgomery, Illinois, United States

Biologos is a provider of sterile-filtered biological products (sera, reagents, buffers, cell culture media and other liquid solutions), primarily for veterinary pharmaceutical and organ transplant applications. Biologos was founded in 1976 and is based in Montgomery, Illinois.

Buy -

Seller(S) 1

SELLER

Foresight Private Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Foresight Group LLP (Formerly VCF Partners)


DEAL STATS #
Overall 51 of 61
Sector: Manufacturing M&A 4 of 4
Type: Secondary Buyout M&A Deals 9 of 12
Country: United Kingdom M&A 50 of 59
Year: 2024 M&A 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-11 Tudor Group

Manchester, United Kingdom

Tudor Group is a commercial and industrial cleaning and support services company servicing clients across the UK. Tudor Group was founded in 1985 and is based in Manchester, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-26 Eden Mobility

Scunthorpe, United Kingdom

Eden Mobility is an independent mobility retailer who is able to provide a huge range of products and services including mobility scooters, powered wheelchairs, stairlifts, recliner chairs and everyday living aids to make life easier. Eden Mobility was founded in 1998 and is based in Scunthorpe, United Kingdom.

Buy -