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

In UK Charles Russell Speechlys, advised on the matter.

Charles Russell Speechlys advised Battery Ventures with a team including Jonathan Morley (Picture – Corporate M&A), Mark Bailey (IP&IT).

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.

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.

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;

Law Firms: Charles Russell Speechlys;

Clients: Battery Ventures;

Author: Giulia Di Palma