Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Bridgepoint Backs Acquisition of SPP Process Technology Systems (SPTS)

Abstract:
SPP Process Technology Systems (SPTS), a subsidiary of Sumitomo Precision Products ('SPP') and leading manufacturer of etch, deposition, and thermal processing equipment for the semiconductor industry announced today that Bridgepoint, a European private equity firm is backing a management acquisition of SPTS from SPP.

Bridgepoint Backs Acquisition of SPP Process Technology Systems (SPTS)

London, UK and Newport, UK | Posted on June 27th, 2011

SPTS designs, develops and manufactures capital equipment that is used in the production of devices on semiconductor substrates. SPTS serves a number of end-markets including micro electro-mechanical systems (MEMS), power management, advanced packaging, high speed RF components, and light emitting diodes (LEDs) on compound semiconductor substrates. With over 500 employees in manufacturing, sales and service operations across 19 countries, SPTS serves the world's leading micro-device manufacturers through its main operations in Newport, Wales and San Jose, California. In 2010 it generated sales of $217 million and Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of $58 million.

SPTS President and CEO William Johnson said, "The investment by Bridgepoint in SPTS signifies the next stage in our evolution as a market leader in the MEMS, compound semiconductor, advanced packaging and power markets. SPP's support in the company has been invaluable, and the Board is grateful for the success enabled by SPP." "We are constantly looking to develop our capabilities to meet future customer needs and with Bridgepoint as a new investment partner, their financial and commercial expertise will be a key pillar to our expansion."

"I have been closely involved in the development of SPTS following the time with STS since its acquisition made by SPP in 1995. Consequently, I am very pleased with our decision to support the management team's plans to take SPTS forward," said Susumu Kaminaga, president, SPP. "They have become important colleagues and I wish them well in their endeavours in the future. For SPP, this transaction allows us to focus on other areas of our business which offer attractive investment opportunities. However, we will continue to co-operate with SPTS, retaining a stake and working together with them through a joint venture for the Japanese market."

Bridgepoint believes SPTS represents an attractive opportunity to acquire a market leader in the wafer fabrication equipment sector. Chris Bell, a director at Bridgepoint, said, "SPTS has strong positions in every sector in which it operates, and a global customer base in end markets poised for long term growth. In addition, we have identified with management a number of initiatives to optimise its operational performance, including acquisitions in attractive niche markets and joint ventures, such as the BluGlass agreement."

Under the terms of the acquisition, its former parent SPP will continue to partner the business by taking a minority stake in the new business organisation. The company name will remain as SPTS.

Advisers involved in this transaction include: for vendor - BDO (corporate finance), Bingham (legal); for management - Osborne Clarke (legal), Ernst & Young (corporate finance); for Bridgepoint - Ernst & Young (transaction services), Travers Smith (legal), McKinsey, Prismark and OC&C (market due diligence). The transaction is subject to standard competition clearances.

####

About SPP Process Technology Systems UK Ltd
SPP Process Technology Systems was established in October 2009 as the vehicle for the merger of Surface Technology Systems and acquired assets of Aviza Technology. The company was a wholly-owned subsidiary of Sumitomo Precision Products Co., Ltd., and designs, manufactures, sells, and supports advanced semiconductor capital equipment and process technologies for the global semiconductor industry and related markets. These products are used in a variety of market segments, including R&D, data storage, MEMS and nanotechnology, advanced 3-D packaging, LEDs, and power integrated circuits for communications. See www.spp-pts.com.

ABOUT Bridgepoint

Bridgepoint is a European private equity firm focussing on the acquisition of companies valued up to 1 billion. With some 11 billion of capital raised to date, it typically focuses on acquiring well managed companies in attractive sectors with the potential to grow organically or through acquisition. Although a generalist investor, Bridgepoint has developed expertise in the business services, consumer, financial services, healthcare, media, and industrial sectors. It has offices throughout Europe in Frankfurt, Helsinki, Istanbul, London, Luxembourg, Madrid, Milan, Paris and Stockholm.

Bridgepoint is currently investing a 4.8 billion fund, Bridgepoint Europe IV, which had its final closing in November 2008 and has made nine investments to date. Recent investments made by Bridgepoint include the acquisition of German specialty chemicals company CABB in March this year and of Foncia, the French leader in property management services, in June. See www.bridgepoint.eu.

For more information, please click here

Contacts:
Bridgepoint
James Murray
+44 20 7432 3555 or +44 7802 259761

www.bridgepoint.eu

SPTS
Evelyn Tay
+44 7885 70 6565 (Europe/U.S.)
+65 8383 0393 (Asia-Pacific)

www.spp-pts.com

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Who needs water to assemble DNA? Non-aqueous solvent supports DNA nanotechnology May 27th, 2015

Controlled Release of Anticorrosive Materials in Spot by Nanocarriers May 27th, 2015

Production of Copper Cobaltite Nanocomposites with Photocatalytic Properties in Iran May 27th, 2015

Dr.Theivasanthi Slashes the Price of Graphene Heavily: World first & lowest price Nano-price (30 USD / kg) of graphene by nanotechnologist May 26th, 2015

Chip Technology

Who needs water to assemble DNA? Non-aqueous solvent supports DNA nanotechnology May 27th, 2015

One step closer to a single-molecule device: Columbia Engineering researchers first to create a single-molecule diode -- the ultimate in miniaturization for electronic devices -- with potential for real-world applications May 25th, 2015

Basel physicists develop efficient method of signal transmission from nanocomponents May 23rd, 2015

Sandia researchers first to measure thermoelectric behavior by 'Tinkertoy' materials May 20th, 2015

Announcements

Who needs water to assemble DNA? Non-aqueous solvent supports DNA nanotechnology May 27th, 2015

Controlled Release of Anticorrosive Materials in Spot by Nanocarriers May 27th, 2015

Production of Copper Cobaltite Nanocomposites with Photocatalytic Properties in Iran May 27th, 2015

Dr.Theivasanthi Slashes the Price of Graphene Heavily: World first & lowest price Nano-price (30 USD / kg) of graphene by nanotechnologist May 26th, 2015

Tools

This Slinky lookalike 'hyperlens' helps us see tiny objects: The photonics advancement could improve early cancer detection, nanoelectronics manufacturing and scientists' ability to observe single molecules May 23rd, 2015

Nanometrics Announces Live Webcast of Upcoming Investor and Analyst Day May 20th, 2015

Taking control of light emission: Researchers find a way of tuning light waves by pairing 2 exotic 2-D materials May 20th, 2015

DELMIC announces a workshop hosted by Phenom World on Integrated CLEM to be held on Wednesday June 24th at the Francis Crick Institute (Lincoln Inn Fields Laboratory). May 19th, 2015

Acquisitions/Mergers/Splits

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

PEN Inc. Chairman, Scott Rickert, Will Webcast a Live Company Update September 25, 1 PM EDT September 17th, 2014

State University of New York Trustees Unanimously Approve SUNY Polytechnic Institute (SUNY Poly) as New Name for Merged SUNY CNSE / SUNYIT September 9th, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project