Goodwin’s UK and US Private Equity teams advised SK Capital Partners, LP (acting via an acquisition vehicle) on the acquisition of Physical Properties Testers Group from Battery Ventures.
SK Capital is a private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. SK Capital seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. It aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. The company’s portfolio of businesses generates revenues of approximately $12 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries. SK Capital currently has approximately $9 billion in assets under management.
PPT Group, headquartered in Halifax, United Kingdom, is a global leader in physical property test and measurement solutions. Built through strategic acquisitions, PPT Group specializes in the design, production, and service of testing instruments that ensure the physical integrity and quality of raw materials, components and finished products. PPT Group maintains a blue-chip, global customer base across the aerospace and defense, medical and pharmaceutical, electronics, transportation, textiles, as well as engineered materials end markets. The Group employs more than 280 individuals and operates manufacturing and sales offices in the UK, Europe, North America, and Asia.
The transatlantic Goodwin team included: Barbara Shander, Carl Bradshaw, Angus Simpson, Stefania Athanassopoulou, Arya Theivendram, Brittany Leon, Loreen Kiehl and Claire Li (Corporate); Kevin Grumberg, Simon Fulbrook, Lindsay Thomas, Thibaud Frouin, Cullen Meade and Amber Bagshaw (Finance); Dulcie Daly, Steven Clemens and Matthew Rees (Tax); Gretchen Scott, Rachel Thurbon, Martha Schreck and Alexandra Mulligan (IPTS); Alex Nicolaidis and Alastair Papworth (Employment); Phoebe Boag (Real Estate); Eram Khan, Sophie Entwisle and Geng To Law (Antitrust); Malhar Naik and Regina Couto (Benefits); and Cecelia Lockner (Insurance).
For additional details on the acquisition, please read the press release.