M&A Deal Summary

Orbotech Acquires SPTS Technologies

On July 7, 2014, Orbotech acquired machinery company SPTS Technologies from Bridgepoint for 365M USD

Acquisition Highlights
  • This is Orbotech’s 1st transaction in the Machinery sector.
  • This is Orbotech’s largest (disclosed) transaction.
  • This is Orbotech’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2014-07-07
Target SPTS Technologies
Sector Machinery
Buyer(s) Orbotech
Sellers(s) Bridgepoint
Deal Type Add-on Acquisition
Deal Value 365M USD
Advisor(s) J.P. Morgan Securities (Financial)

Target

SPTS Technologies

Newport, United Kingdom
SPTS Technologies is a global manufacturer of etch, deposition and thermal processing equipment for the microelectronic industry.

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Buyer(S) 1

Buyer

Orbotech

Yavne, Israel
Category Company
Founded 1981
Sector Electronics
Employees2,295
Revenue 753M USD (2015)
DESCRIPTION

Orbotech is a global supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. Orbotech was founded in 1981 and is headquartered in Yavne, Israel.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.

DEAL STATS #
Overall 41 of 109
Sector (Machinery) 2 of 3
Type (Add-on Acquisition) 11 of 38
Country (United Kingdom) 22 of 50
Year (2014) 5 of 9
Size (of disclosed) 19 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 CFP Flexible Packaging

Cesano Maderno, Italy

CFP Flexible Packaging SpA is a European producer of specialty films for the flexible packaging industry. It produces bi-axis oriented polyamide (BOPA) film, utilised for wrapping in the food and healthcare industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-09 Primonial

Paris, France

Primonial is a wealth management consulting group. Primonial provides design, selection, management, and sale of financial solutions for real estate, asset management, and life insurance. Primonial was founded in 1989 and is based in Paris, France.

Buy -
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