M&A Deal Summary

SK Capital Partners Acquires PPT Holdings

On March 6, 2025, private equity firm SK Capital Partners acquired test/measurement equipment company PPT Holdings from Battery Ventures

Acquisition Highlights
  • This is SK Capital Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is SK Capital Partners’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2025-03-06
Target PPT Holdings
Sector Test/Measurement Equipment
Buyer(s) SK Capital Partners
Sellers(s) Battery Ventures
Deal Type Secondary Buyout

Target

PPT Holdings

Halifax, United Kingdom
PPT Holdings (PPT) is a multi-national holding company that designs and manufactures physical property testing instrumentation focused on a wide range of end markets and applications. Each brand within PPT represents a category leader in their specific testing niche. PPT Holdings is based in Halifax, United Kingdom.

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Buyer(S) 1

Buyer

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.


DEAL STATS #
Overall 43 of 44
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 10 of 10
Country: United Kingdom M&A 2 of 2
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-21 bluebird bio

Somerville, Massachusetts, United States

bluebird bio is a clinical-stage biotechnology company focused on transforming the lives of patients with severe genetic and orphan diseases using gene therapy. bluebird bio was founded in 1992 and is based in Somerville, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-09 Lisi Medical

Neyron, France

Lisi Medical specializes in the manufacture of medical devices related to bone surgery and advanced surgical technologies. Lisi Medical is based in Neyron, France.

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 66 of 67
Sector: Test/Measurement Equipment M&A 7 of 7
Type: Secondary Buyout M&A Deals 11 of 11
Country: United Kingdom M&A 9 of 9
Year: 2025 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-16 Learnosity

Dublin, Ireland

Learnosity is a provider of digital assessment authoring, delivery, analytics, and accessibility software solutions to learning organizations in K-12, higher education, corporate learning and development, government, and professional certification and licensure end markets. Learnosity was founded in 2007 and is based in Dublin, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-03 1worldsync

Chicago, Illinois, United States

1WorldSync is a provider of software-as-a-service (SaaS) network that enables brands to securely and continuously share critical product data with a community of retailers, operators and distributors across industries, including consumer goods, food service, electronics, and healthcare. 1WorldSync was founded in 2012 and is based in Chicago, Illinois.

Sell -