M&A Deal Summary

Arcline Investment Management Acquires Omega Engineering

On April 19, 2022, private equity firm Arcline Investment Management acquired semiconductors company Omega Engineering from Spectris for 403M GBP

Acquisition Highlights
  • This is Arcline Investment Management’s 2nd transaction in the Semiconductors sector.
  • This is Arcline Investment Management’s largest (disclosed) transaction.
  • This is Arcline Investment Management’s 22nd transaction in the United States.
  • This is Arcline Investment Management’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2022-04-19
Target Omega Engineering
Sector Semiconductors
Buyer(s) Arcline Investment Management
Sellers(s) Spectris
Deal Type Divestiture
Deal Value 403M GBP

Target

Omega Engineering

Norwalk, Connecticut, United States
website
Omega Engineering is a provider of specialist sensors that help customers improve processes, delivered by a high service omni-channel distribution platform. Omega Engineering was founded in 1962 and is based in Norwalk, Connecticut.

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Buyer(S) 1

DESCRIPTION

Arcline Investment Management is a private equity firm that seeks to invest in niche, market-leading companies. Arcline is a generalist investor, however the Firm prefers businesses in the industrials, technology, life science, and chemicals sectors. The Firm targets businesses with $10 to $100 million of EBITDA and valued up to $1 billion. Arcline was formed in 2018 and has offices in New York City and San Francisco.


DEAL STATS #
Overall 25 of 29
Sector (Semiconductors) 2 of 2
Type (Divestiture) 3 of 3
State (Connecticut) 1 of 1
Country (United States) 22 of 25
Year (2022) 3 of 6
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 Hyperion Solutions

Memphis, Tennessee, United States

Hyperion Solutions is an elevator component and solutions platform formed for suppliers to the largest elevator servicers and installers in the United States and Canada. Standard uses the latest technologies in automation, augmented reality, artificial intelligence, and composite materials in the applications of its solutions for both multi-national and independent elevator servicers. Hyperion Solutions is based in Memphis, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Qnnect

Painesville, Ohio, United States

Qnnect is a producer of highly engineered electronic interconnect solutions for high-density and high-speed applications of leading original equipment manufacturers. Qnnect is based in Painesville, Ohio.

Buy -

Seller(S) 1

SELLER

Spectris

Egham, United Kingdom

website


Category Company
Founded 1915
Sector Technology Hardware
Employees7,650
Revenue 1.3B GBP (2022)
DESCRIPTION

Spectris, a supplier of productivity enhancing instrumentation and controls. Our businesses serve, with recognised brands and award-winning products. The Company's products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end user markets. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Spectris was founded in 1915 and is based in Egham, the United Kingdom.


DEAL STATS #
Overall 4 of 5
Sector (Semiconductors) 1 of 1
Type (Divestiture) 4 of 5
State (Connecticut) 1 of 1
Country (United States) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Spectris - NDC Technologies Business

Egham, United Kingdom

Spectris's NDC Technologies Business is a provider of precision measurement solutions for in-line manufacturing process control.

Sell $180M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Concept Life Sciences

High Peak, United Kingdom

Concept Life Sciences is a global contract research organization primarily serving the pharmaceutical and life sciences research and development market. With an excellent track record in project execution, delivering tangible value for customers’ IP generation, and a stringent focus on quality. Concept Life Sciences was founded in 1989 and is based in High Peak, United Kingdom.

Sell -