MergerLinks - Bridgepoint acquired Exova for £771m.

Announced

19 Apr 2017

Completed

29 Jun 2017

Bridgepoint acquired Exova for £771m.

Financials

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Transaction Value£771m

Consideration TypeCash

Capital Owned-

Capital Bid For100%

EV/Sales2.3x

EV/EBITDA11.97x

Share Price Premium-

One Off Charge-

target

Exova Group

bidder

Bridgepoint Group

vendor

Clayton Dubilier & Rice

Sources

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2.7 Announcement

Exova - 19 Apr 2017

Tags

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Test Inspection and Certification (TIC)

advisory services

laboratory testing

Public

Scheme

Disposal

Completed

Friendly

Single Bidder

United Kingdom

Private Equity

Synopsis

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Exova Group plc has been acquired by Element Materials, a portfolio company of Bridgepoint. The combined company now has more than 6,200 employees and will operate in the future as Element Materials Technology. The new Element Group will consist of 200 laboratories located in more than 30 countries.