Latham & Watkins Advises SK Capital on Sale of Luxium Solutions to Excelitas Technologies

Affiliates of funds advised by SK Capital Partners, LP (SK Capital), a private investment firm focused on the specialty materials, ingredients, and life sciences sectors, together with Edgewater Capital Partners, LP, announced they have entered into an agreement to sell Luxium Solutions (Luxium) to Excelitas Technologies Corp. (Excelitas), a leading provider of advanced, life-enriching technologies that make a difference, serving global market leaders in the life sciences, advanced industrial, next-generation semiconductor and avionics sectors, and a portfolio company of AEA Investors. This strategic combination will strengthen Excelitas’ technological capabilities and product portfolio, expand its market reach, and advance Luxium’s mission to deliver high-performance detection, imaging, and photonic solutions to customers worldwide. The transaction is expected to close in the next few months, subject to customary closing conditions and regulatory approvals.

Latham & Watkins LLP represents SK Capital and Luxium in the transaction with a corporate deal team led by Washington, D.C. partners Nick Luongo and Mariclaire Brewer, with associates Maddie Merkle and Jack French. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Eni Kassim; on compensation and benefits matters by Washington, D.C. partner Matthew Conway, with associate Christina Schrantz; on antitrust matters by Bay Area partner Joshua Holian and Brussels partner Tomas Nilsson, with associate Seamus Ronan; on French corporate and FDI matters by London/Paris partner Denis Criton and Paris partner Charles-Antoine Guelluy, with associates Thibault Burnier and Julien Zeitoun; on intellectual property matters by Washington, D.C. partner Morgan Brubaker; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with associate Tal Carmeli; on real estate matters by New York partner Dara Denberg; on government contracts matters by Washington, D.C. partner Kyle Jefcoat, with associate Genevieve Hoffman; on data privacy and cybersecurity matters by Washington, D.C. partner Clayton Northouse, with associate Diya Jajal; and on trade controls matters by Washington, D.C. counsel Ruchi Gill, with associate Matthew Crawford.