Valedo sells Perten Instruments for $266m

The deal sees the Swedish GP's Valedo Partners Fund I sell its shares alongside the Perten family and company's management.

Perten's sale completes a duo of exits from Valedo since September, having sold veterinary group Evidensia to EQT.

The transaction is expected to be closed by the end of this year.

Previous funding
Valedo bought Perten in a management buyout in late September 2010. According to unquote" data, the enterprise value of the transaction was less than €25m.

Company
Perten is headquartered in Stockholm, with operations in Australia, China, Germany and the US. The company manufactures advanced analytical instruments for food and grain analysis, including quality control products for food, flour and feed.

Founded in 1962, the company has 200 employees and reported revenues of SEK 397m and profits of SEK 29m in 2013.

People
Nils and Peter Forsberg are the founders of Valedo. Sven Holmlund is the CEO of Perten. Jon DiVincenzo is the president of environmental health at PerkinElmer.

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