Bridgepoint portfolio company Element Materials Technology (EMT) has agreed to acquire Exova, a UK-listed laboratory testing company backed by Clayton Dubilier & Rice (CD&R), in a deal valuing the business at £620.3m.
Deal marks the first acquisition for the GP's latest vehicle, Alto Capital IV
Second bolt-on completed by Valco since Argos Soditic became majority shareholder in 2014
Asset management business will look to expand its regional network and make bolt-on acquisitions
Firm plans to expand domestically and internationally, primarily in Asia