Temasek to buy Bridgepoint’s testing business for $9.41 bil

Bloomberg
Bloomberg1/24/2022 11:54 AM GMT+08  • 2 min read
Temasek to buy Bridgepoint’s testing business for $9.41 bil
Temasek, which is already a minority owner in the business, could announce an agreement as early as Monday.
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Singapore state-owned investor Temasek Holdings Pte is nearing a deal to buy testing company Element Materials Technology from buyout firm Bridgepoint Group Plc for almost US$7 billion ($9.41 billion), according to people familiar with the matter.

Temasek, which is already a minority owner in the business, could announce an agreement as early as Monday, said the people, who asked not to be identified because discussions are private.

UK-listed private equity firm Bridgepoint began exploring a sale late last year, Bloomberg News previously reported. The business was expected to draw interest from other buyout firms, as well as strategic investors, the people said at the time. Cinven Ltd. and the Canada Pension Plan Investment Board were among parties reported to be interested.

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