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28 January 20223 minute read

DLA Piper advises on the acquisition of Element Materials Technology Group by Temasek

DLA Piper has advised the management team of group testing, inspection and certification (TIC) expert Element Materials Technology Group (Element) on its sale by Bridgepoint Group to Temasek, subject to standard regulatory approvals.

Headquartered in London, Element has a global team of over 7,000 scientists, engineers and technologists based in 200 laboratories across 30 countries. It supports customers from early research and development, through complex regulatory approvals and into production, ensuring their products are safe and sustainable.

Singapore-based global investor Temasek has been a minority shareholder in Element since 2019. Operating in technically demanding and highly regulated sectors, Element, under the ownership of Temasek, is well positioned to further accelerate its growth, building stronger positions in end-markets such as life sciences and connected technologies. Environmental, Social and Governance factors are also a big focus for the group, with over 60% of its work already directly supporting clients to achieve their sustainability goals, allowing it to continue strengthening its position across the global TIC industry.

Ruth Prior, CFO Element said in a statement: “The DLA Piper team provided excellent support and strategic counsel throughout the process, helping us to secure an important step forward for our business”.

The DLA Piper team was led by Tim Wright, European Head of Private Equity, assisted by Corporate partner Christopher Wilson (Manchester), senior associates Danny Westmoreland (London) and Sinead Wood (Liverpool), associate Cameron Spittal (London) and trainee solicitor Will Floyd (London).

DLA Piper’s Management Advisory team has now acted for over 80 management teams in the last five years, with a combined enterprise deal value of over EUR85 billion.