International law firm Eversheds has advised private equity firm Baird Capital Partners Europe on its acquisition of the instrumentation solutions business of e2v technologies plc for GBP15 million. The acquired business will be re-named SGX Sensortech Ltd (SGX).
SGX designs and manufactures sensors that provide environmental, health & safety research and analysis to customers in Europe and Asia including automotive companies Volvo and VW. Its products include high specification x-ray detection sensors used in a range of industries such as the pharmaceutical sector and academic research, pollutant gases sensors for the automotive industry and combustible and toxic gas sensors used in the mining, industrial and chemical sectors.


The Eversheds team was led by Partner Richard Moulton (pictured) assisted by Senior Associate Mark Saunders and Associate Philippa Byrne, with Adrian Toutoungi providing commercial and IP advice.


“It is a pleasure to have advised longstanding client Baird Capital Partners Europe on this latest backing,” says Moulton. “We look forward to working with the company to fulfil its growth objectives.”


James Benfield, Managing Director at Baird Capital Partners Europe, adds: “Eversheds really put their shoulder to the wheel on this transaction. Their clear, concise and commercial advice covered everything from IP development contracts to Swiss pensions and their specialists were on hand night and day. They have played a key part in this complex acquisition of a high growth sensor business for our funds.“
