PPT Group Joins SK Capital Portfolio in Strategic Acquisition
Deal News | Mar 06, 2025 | SK Capital
SK Capital Partners, a private investment firm with a focus on specialty materials, ingredients, and life sciences, has successfully acquired Physical Properties Testers Group Limited (PPT Group) from Battery Ventures. Headquartered in Halifax, UK, PPT Group is renowned for its leadership in providing test and measurement solutions for various physical properties of materials, serving an array of industries including aerospace, electronics, and textiles. The acquisition aligns with SK Capital’s strategy of deepening its presence in industrial technology sectors. SK Capital plans to optimize PPT Group's growth by leveraging its market leadership, expanding through strategic acquisitions, and enhancing existing product offerings. The acquisition will bring new leadership, as Jim Neville takes on the role of Global CEO, while Neil Pryke continues to manage operations in the UK, Europe, and China. Legal and financial counsel were provided by Goodwin Procter LLP and EC M&A respectively, with Bain Capital providing debt financing.
Sectors
- Private Equity
- Test and Measurement Solutions
- Specialty Materials and Industrial Technology
Geography
- United Kingdom – PPT Group is headquartered in Halifax, UK, indicating the primary geographical focus of the article.
- Global – SK Capital operates globally, and PPT Group serves a worldwide customer base, with operations across the UK, Europe, North America, and Asia.
Industry
- Private Equity – The article involves a transaction led by SK Capital Partners, which is a private equity firm.
- Test and Measurement Solutions – PPT Group specializes in designing and manufacturing testing instruments, indicating its primary industry.
- Specialty Materials and Industrial Technology – The acquiring firm, SK Capital, focuses on specialty materials and industrial technology sectors.
Financials
- $9 billion – SK Capital’s assets under management.
- $12 billion – Annual revenue generated by SK Capital's portfolio of businesses.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SK Capital Partners | Buyer | Company | A private investment firm focused on specialty materials, ingredients, and life sciences sectors. |
| Physical Properties Testers Group (PPT Group) | Target Company | Company | A leader in physical property test and measurement solutions. |
| Battery Ventures | Seller | Company | The previous owner of PPT Group, providing a platform for its growth. |
| Jim Neville | Global CEO | Person | Appointed to lead PPT Group post-acquisition. |
| Neil Pryke | Managing Director | Person | Continues to lead UK, European, and Chinese operations of PPT Group. |
| Goodwin Procter LLP | Legal Advisor | Company | Provided legal counsel to SK Capital in the acquisition. |
| EC M&A | Financial Advisor | Company | Served as the financial advisor to SK Capital for the acquisition. |
| Bain Capital’s Private Credit Group | Debt Provider | Company | Provided debt financing for the acquisition. |