EQT Private Equity’s £650 Million Acquisition of SPT Labtech

Charles Russell Speechlys advised Battery Ventures on the deal, while Kirkland advised EQT Private Equity.

Battery Ventures sold SPT Labtech, a fast-growing laboratory automation player focused on tools for liquid handling and sample preparation and management for scientists, for £650 million to EQT Private Equity.

Founded in 1983, Battery Ventures has raised more than $9 billion to invest in software and services, enterprise infrastructure, online marketplaces, healthcare IT, and industrial technology around the world. The firm backs companies at all stages, ranging from seed and early to growth and buyout. Charles Russell Speechlys has worked with Battery for several years, and Jonathan Morley and the team are also advising on the sale of Forterro to Partners Group for €1 billion.

SPT Labtech, designs and builds world-leading lab automation solutions that provide agility, efficiency, and productivity to a range of applications.

EQT is a purpose-driven global investment organization with EUR 77 billion in assets under management across 36 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 280,000 employees. 

Corporate partner Jonathan Morley (Picture) led the Charles Russell Speechlys team, comprising Matthew Hobbs, Edward Robinson, Caminelle Apperly, Shane Thompson, Mark Bailey, Rayyan Mughal, Paul Stone and Sam Lawn.

The Kirkland team was led by corporate partners Roger Johnson and Aneeq Durrani and associates Sharon Skipper and Jung-Wook Lee, tax partner Tim Lowe and associate Rohit Pisal, debt finance partner Daniel Borg and associates Maurice Walsh and Anastasis Voskos, technology & IP transactions partner John Patten and associates Jessica Dye and RJ McLaughlin, ESG & impact partner Ruth Knox and associates Aladdin Benali and Daniel D’Ambrosio, antitrust partners Sally Evans and Carla Hine and associate Fiona Constant-Lotz, real estate partner Jennifer Sheehan, environmental transactions partner Michael Saretsky and associate Carter Vella and labor & employment partner Risa Salins.

Involved fees earner: Caminelle Apperly – Charles Russell Speechlys; Mark Bailey – Charles Russell Speechlys; Matthew Hobbs – Charles Russell Speechlys; Jonathan Morley – Charles Russell Speechlys; Rayyan Mughal – Charles Russell Speechlys; Edward Robinson – Charles Russell Speechlys; Paul Stone – Charles Russell Speechlys; Shane Thompson – Charles Russell Speechlys; Aladdin Benali – Kirkland & Ellis; Daniel Borg – Kirkland & Ellis; Fiona Constant-Lotz – Kirkland & Ellis; Daniel D’Ambrosio – Kirkland & Ellis; Aneeq Durrani – Kirkland & Ellis; Jessica Dye – Kirkland & Ellis; Sally Evans – Kirkland & Ellis; Carla Hine – Kirkland & Ellis; Roger Johnson – Kirkland & Ellis; Ruth Knox – Kirkland & Ellis; Timothy Lowe – Kirkland & Ellis; Roger McLaughlin – Kirkland & Ellis; John Patten – Kirkland & Ellis; Rohit Pisal – Kirkland & Ellis; Risa Salins – Kirkland & Ellis; Michael Saretsky – Kirkland & Ellis; Jennifer Sheehan – Kirkland & Ellis; Sharon Skipper – Kirkland & Ellis; Carter Vella – Kirkland & Ellis; Anastasis Voskos – Kirkland & Ellis; Maurice Walsh – Kirkland & Ellis;

Law Firms: Charles Russell Speechlys; Kirkland & Ellis;

Clients: Battery Ventures; EQT Partners;

Giulia Di Palma

Author: Giulia Di Palma