M&A Deal Summary

EQT Acquires SPT Labtech

On June 22, 2022, private equity firm EQT acquired test/measurement equipment company SPT Labtech from Battery Ventures for 650M GBP

Acquisition Highlights
  • This is EQT’s 1st transaction in the Test/Measurement Equipment sector.
  • This is EQT’s 28th largest (disclosed) transaction.
  • This is EQT’s 14th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-06-22
Target SPT Labtech
Sector Test/Measurement Equipment
Buyer(s) EQT
Sellers(s) Battery Ventures
Deal Type Secondary Buyout
Deal Value 650M GBP
Advisor(s) J.P. Morgan Securities (Financial)
Charles Russell Speechlys (Legal)

Target

SPT Labtech

Melbourn, United Kingdom
SPT Labtech is a manufacturer of liquid-handling instrumentation and sample- storage systems for sample-preparation and sample-management applications. The company’s products are used for process control and to optimize workflow efficiency across a variety of tasks in the pharmaceutical, biotechnology and academic-research markets. SPT Labtech was founded in 2001 and is based in Melbourn, United Kingdom.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 272 of 316
Sector (Test/Measurement Equipment) 1 of 2
Type (Secondary Buyout) 79 of 98
Country (United Kingdom) 14 of 19
Year (2022) 8 of 13
Size (of disclosed) 28 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Facile.it

Milan, Italy

Facile.it is an online destination for consumers to compare prices for motor insurance, energy, telecoms, and personal finance products. Facile.it was founded in 2008 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 UTA

Beverly Hills, California, United States

UTA is a global talent and entertainment company. UTA represents many of the most acclaimed figures across film, television, news, music, sports, theater, fine art, literature, video games, podcasts and other social and digital content. UTA was founded in 1991 and is based in Beverly Hills, California.

Buy -

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 58 of 66
Sector (Test/Measurement Equipment) 4 of 7
Type (Secondary Buyout) 7 of 11
Country (United Kingdom) 6 of 9
Year (2022) 6 of 8
Size (of disclosed) 2 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 Titian Software

London, United Kingdom

Titian Software's Mosaic delivers comprehensive sample management for all types of sample inventory in any size of organization. Titian Software was founded in 1999 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 Proemion

Fulda, Germany

Proemion is a global provider of advanced data and analytics technology for global industrial OEMs and operators. Proemion was formed in 1987 and is based in Fulda, Germany.

Buy -