Physical Properties Testers Group Acquired by SK Capital Partners
Deal News | Mar 11, 2025 | Goodwin
Goodwin's UK and US Private Equity teams advised SK Capital Partners on their acquisition of Physical Properties Testers Group (PPT Group) from Battery Ventures. SK Capital, which specializes in the specialty materials, ingredients, and life sciences sectors, aims to transform businesses into high-performing organizations with improved strategic positioning and profitability. The firm's portfolio generates approximately $12 billion in revenues and operates in over 30 countries. PPT Group, based in Halifax, UK, provides physical property test and measurement solutions across various industries, including aerospace and electronics, with operations in the UK, Europe, North America, and Asia. The Goodwin team involved in the deal comprised experts in corporate law, finance, tax, IP, employment, real estate, and antitrust.
Sectors
- Private Equity
- Test and Measurement Solutions
- Specialty Materials and Life Sciences
Geography
- United Kingdom – PPT Group is headquartered in Halifax, UK, and involved in the transaction.
- United States – Goodwin's US team advised on the transaction, and SK Capital Partners is a US-based entity involved in the acquisition.
Industry
- Private Equity – SK Capital Partners is engaged in a private equity transaction to acquire PPT Group.
- Test and Measurement Solutions – PPT Group offers solutions in testing and measurement, ensuring the quality and integrity of various components and products across industries.
- Specialty Materials and Life Sciences – SK Capital operates within the specialty materials and life sciences sectors, focusing on businesses under these categories.
Financials
- $9 billion – SK Capital currently manages approximately $9 billion in assets.
- $12 billion – The estimated annual revenue generated by SK Capital's portfolio businesses.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Physical Properties Testers Group (PPT Group) | Target Company | Companies | A global leader in test and measurement solutions, headquartered in Halifax, UK. |
| SK Capital Partners, LP | Bidding Company | Companies | A private investment firm specializing in specialty materials, ingredients, and life sciences sectors, based in the US. |
| Battery Ventures | Selling Company | Companies | The vendor in the transaction of PPT Group to SK Capital Partners. |
| Goodwin | Legal Advisor | Companies | Provided legal advisory services to SK Capital Partners for the acquisition. |