FountainVest Is Said to Mull Sale of Swiss Micro-Tools Maker SPT

FountainVestis considering selling Small Precision Tools, a Swiss manufacturer of high-precision components and tools, according to people familiar with the situation.

The private equity firm is working with advisers on a potential disposal that may fetch up to $1 billion, the people said, asking not to be identified discussing a private matter. SPT has attracted interest from Chinese strategic investors and funds focused on industrials, they said.

Deliberations are ongoing and might not result in a sale, the people added.

FountainVest didn’t respond to requests for comment.

FountainVest led a group of Chinese investors in a 2021 acquisition ...