By Emma-Victoria Farr
Element generates annual revenue of around 1 billion dollars and has grown at over 20% per year over the last decade.
London-listed buyout firm Bridgepoint acquired Element from British buyout group 3i for an undisclosed sum in December 2015.
Element was advised by Bank of America Securities, Goldman Sachs and Rothschild & Co. The transaction remains subject to customary regulatory approvals.
(Reporting by Rachel Armstrong and Emma-Victoria Farr; editing by Jason Neely)