Stirling Square buys Eurofins Digital Testing for EUR 220m

The mid-market sponsor will be acquiring the division, which provides digital testing services to the internet of things sector, on a cash and debt free basis, according to a press release. The GP is investing through its Stirling Square Capital Partners IV fund, which held a final close on EUR 950m in January 2020. The vehicle invests in mid-market businesses with enterprise values between EUR 50m-500m, according to Unquote Data.

Stirling Square is gearing up for its fifth vehicle, a regulatory filling in Luxembourg shows.

The Digital Testing division has grown organically, through bolt-on acquisitions and strategic investments to expands its digital testing tools and services range and increase its global footprint.

Eurofins Scientific will use the proceeds from the divestment to support its digitalisation and acquisitions plans, capital expenditure in laboratories, deepening its leadership in bioanalytical testing and other life science areas, according to the press release.

Company
Headquartered in Bristol, Eurofins Digital Testing was established in 2015 and employs over 600 staff. It provides global testing, quality assurance and technical analysis of digital systems, devices, content and cyber security.

People
Stirling Square Capital Partners – Julien Horreard (partner).
Eurofins – Dr Gilles Martin (CEO).
Advisers
Vendor – Baird (M&A).

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• Topics
• Buyouts
• France
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• Stirling Square Capital Partners
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