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New Deal


Announced

Completed

Souter Investments and Sullivan Street completed the acquisition of Tracerco from Johnson Matthey for £55m.

Financials

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Transaction Value£55m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

diagnostic center

Private Equity

Acquisition

Private

Majority

Friendly

Single Bidder

Test Inspection and Certification (TIC)

Domestic

Completed

Synopsis

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Souter Investments and Sullivan Street, two investment firms, completed the acquisition of Tracerco, a business providing specialised detection, diagnostic, and measurement solutions, from Johnson Matthey, a company specialising in sustainable technologies, for £55m ($67m). "Tracerco is a part of JM's Value Businesses and has been identified as non-core to JM's growth strategy," Johnson Matthey.

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