ELEMENT MATERIALS TECHNOLOGY acquired by TEMASEK
Context
Temasek has acquired a majority stake in Element Materials Technology from the private equity firm Bridgepoint. This landmark transaction marks the end of a highly successful six-year partnership with Bridgepoint, during which Element achieved a ten-fold increase in turnover and integrated numerous strategic acquisitions, including the major purchase of Exova in 2017. The strategic rationale for Temasek is to accelerate Element’s growth in high-barrier end-markets like life sciences and connected technologies, while leveraging the Group’s top-tier ESG credentials to support global decarbonization journeys. Following the deal, Element immediately pursued further expansion, including the acquisition of US-based National Technical Systems (NTS).
In the past, the company underwent an LBO led by Bridgepoint in 2015, and continued an active consolidation strategy by notably acquiring Exova Group (2017).
ELEMENT MATERIALS TECHNOLOGY, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the Business Services sector (11.4x).
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Target
Element Materials Technology is a global testing company specializing in materials testing, product qualification, consulting, and certification services. Majority-owned by the international private equity firm Bridgepoint, the organization has pursued an aggressive "buy-and-build" strategy, acquiring 17 businesses in the years leading up to 2017. Its investment thesis focuses on creating the world’s fastest-growing independent testing and certification provider by consolidating niche leaders in the aerospace, transportation, and health sciences sectors. The group’s criteria prioritize technical strength and geographic reach to support customers across worldwide programs. With over 200 laboratories globally, the firm leverages its scale to provide integrated, best-practice services to over 40,000 customers.
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Other operations with ELEMENT MATERIALS TECHNOLOGY
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2022 | ELEMENT MATERIALS TECHNOLOGY | NATIONAL TECHNICAL SYSTEMS (NTS) | UNITED STATES | TIC (Testing, Inspection, Certification) |
| 06/2017 | ELEMENT MATERIALS TECHNOLOGY | EXOVA GROUP | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
| 12/2015 | BRIDGEPOINT | ELEMENT MATERIALS TECHNOLOGY | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
REFERENCES
Valuation range: EV 3b - 100b USD
Revenue range: 500M - 1b USD
EBITDA range: 100M - 200M USD
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: element materials technology
Acquirer: temasek