Arnold & Porter advised the shareholders of Quantifoil Micro Tools GmbH (Quantifoil) in connection with the sale of all shares in the company to Sample Preparation Technologies (SPT), a Battery Ventures (Battery) portfolio company. The mandate comprised advisory in all aspects relevant to the transaction.
Quantifoil, which is based in Jena, Germany, is a market leader in the development and production of support films for transmission electron microscopy and other applications. The company, founded in 1999, will join Battery's SPT platform and operate alongside UK-based TTP Labtech, acquired by Battery in 2018. Terms of the Quantifoil transaction were not disclosed.
In partnership with Battery and TTP Labtech, Quantifoil will continue its long-standing tradition of pursuing growth. As a member of the SPT platform, Quantifoil will have opportunities to leverage additional resources to support its future growth through technology development, expansion of production capabilities, and an increased global market reach.
The Frankfurt-based Arnold & Porter transaction team was led by Antitrust/Competition partner Dr. Sebastian Jungermann and included Corporate/M&A partner Dr. Annette Bödeker, Labor & Employment partner Dr. Hans-Joachim Fritz, Tax partner Dr. Martin Weger, Intellectual Property counsel Nicolas M. Dumont, Tax associate Nils Kürten, Labor & Employment associate Dagmar Nolden, and Antitrust/Competition associate Emil Hristov.