Battery Ventures Mergers and Acquisitions Summary

Private Equity Firm Profile

Battery Ventures’ most common sectors for investment aresoftware (32%) and internet software and services (18%) . The Firm’s most common investment types include growth capital (30%) and buyout (lbo, mbo, mbi) (29%). In total, Battery Ventures has invested in 22 US states and 8 different countries. Its largest (disclosed) acquisition occurred in 2006 when it acquired FreeScale Semiconductor for $17.6B.

In the last 3 years, Battery Ventures has exited 6 companies. The Firm’s most common exit type is trade sale (51%). Battery Ventures’ largest (disclosed) exit occurred in 2022 when it sold Forterro UK for $1.1B.

Join Mergr to view Battery Ventures’ full profile and discover more mega-sized private equity firm investors just like it.

M&A Summary

  • M&A Total Activity148
    • M&A Buy Activity91
    • M&A Sell Activity57
  • Total Sectors Invested 20
  • Total Countries Invested 8
  • M&A Buy/Sell Connections 75
  • M&A Advisors 7

Battery Ventures

2882 Sand Hill Road Suite 280,
Menlo Park, California 94025
United States
(650) 372-3939
www.battery.com

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $20 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


Investment Criteria

Sectors of Interest: Business Services, Communications, Electronics, Energy Services and Equipment, Information Technology, Internet Software and Services, Manufacturing, Medical Products, Retail, Semiconductors, Software, Technology Hardware, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Going Private, Growth Capital, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Scandinavia, Asia/Pacific, Central Asia/India, Middle East

Transaction Criteria Min Max
Target Revenue 5 200
Target EBITDA - 25
Investment Size - 100
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.2/yr) # 85 6 - - - - 91
vol $18.1B $18.1B
Sell (2.0/yr) # 47 4 5 1 - - 57
vol $5.3B $2.7B $8.0B
  148

Most Recent M&A

Company Date Value Type
Newforma, Inc. 2023-04-03 - Secondary Buyout
Manchester, New Hampshire · www.newforma.com
LI-COR Biosciences 2022-12-20 - Add-on Acquisition
Lincoln, Nebraska · www.licor.com
Qognify Ltd. 2022-12-19 - Add-on Acquisition
London, United Kingdom · www.qognify.com
SPT Labtech Ltd. 2022-06-22 1.0B GBP Secondary Buyout
Melbourn, United Kingdom · www.sptlabtech.com
Forterro UK Ltd. 2022-03-01 1.1B EUR Secondary Buyout
London, United Kingdom · www.forterro.com
StreamSets, Inc. 2022-02-28 590M EUR Add-on Acquisition
San Francisco, California · www.streamsets.com
LI-COR Biosciences 2021-12-08 - Buyout (LBO, MBO, MBI)
Lincoln, Nebraska · www.licor.com
Braze Inc. 2021-11-17 - IPO
New York, New York · www.braze.com
Goodfellow Cambridge Ltd. 2021-09-14 - Buyout (LBO, MBO, MBI)
Huntingdon, United Kingdom · www.goodfellow.com
ifp Institut für Produktqualität GmbH 2021-09-08 - Buyout (LBO, MBO, MBI)
Berlin, Germany · www.produktqualitaet.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
1WorldSync Holdings, Inc. 2019-07-10 PowerReviews, Inc. 2023-08-22 6
Lawrenceville, New Jersey · www.1worldsync.com San Francisco, California · www.powerreviews.com
1WorldSync Holdings, Inc. 2019-07-10 Atrify GmbH 2023-05-09 5
Lawrenceville, New Jersey · www.1worldsync.com Cologne, Germany · www.atrify.com
Nova Metrix 2009-09-01 Fiso Technologies, Inc. 2021-11-09 1
Stone Mountain, Georgia · www.durhamgeo.com Quebec, Quebec · www.fiso.com
Plixer LLC 2018-03-08 Great Bay Software, Inc. 2019-11-14 1
Kennebunk, Michigan · www.plixer.com Bloomington, Minnesota · www.greatbaysoftware.com
Alogent 2016-04-19 FinanceGenius 2019-06-04 3
Peachtree Corners, Georgia · www.alogent.com Austin, Texas
VertiGIS Ltd. 2019-05-01 AED-SICAD Aktiengesellschaft 2019-05-01 4
London, United Kingdom · www.vertigis.com Bonn, Germany · www.aed-sicad.com
LightBox, Inc. 2018-01-01 Environmental Data Resources, Inc. 2018-03-13 6
New York, New York · www.lightboxre.com Shelton, Connecticut · www.edrnet.com
Noise & Vibration Technologies, LLC 2015-01-01 Data Physics Corp. 2015-01-01 1
Monterey, California · www.nvtgroup.com San Jose, California · www.dataphysics.com
Nova Metrix 2009-09-01 itmsoil 2014-11-05 2
Stone Mountain, Georgia · www.durhamgeo.com Uckfield, United Kingdom · www.itmsoil.com
Nova Instruments LLC 2010-02-02 Dantec Dynamics AS 2010-02-02 6
Woburn, Massachusetts · www.novaic.com Skovlunde, Denmark · www.dantecdynamics.com

M&A by Sector

Sector Current # Value All-time # Value
Software 10 (29%) 35M (100%) 29 (32%) 284M (2%)
Internet Software and Services 6 (17%) - 16 (18%) -
Test/Measurement Equipment 9 (26%) - 14 (15%) -
Information Technology 6 (17%) - 13 (14%) 100M (1%)
Information Services - - 2 (2%) 165M (1%)
Communications - - 2 (2%) -
E-Commerce - - 2 (2%) -
Semiconductors - - 1 (1%) 17.6B (97%)
Consumer Services - - 1 (1%) -
Digital Media - - 1 (1%) -
Distribution 1 (3%) - 1 (1%) -
Electronics - - 1 (1%) -
Financial Services 1 (3%) - 1 (1%) -
Furniture 1 (3%) - 1 (1%) -
Healthcare Services - - 1 (1%) -
Insurance - - 1 (1%) -
Life Science 1 (3%) - 1 (1%) -
Retail - - 1 (1%) -
Safety/Security - - 1 (1%) -
Technology Hardware - - 1 (1%) -
Total 35 $35M 91 $18.1B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 23 (66%) 35M (100%) 68 (75%) 18.0B (99%)
  California 3 (9%) - 14 (15%) -
  Texas 2 (6%) - 10 (11%) 17.9B (99%)
  Georgia 5 (14%) 35M (100%) 6 (7%) 35M (< 1%)
  Massachusetts 2 (6%) - 6 (7%) 27M (< 1%)
  Utah 1 (3%) - 3 (3%) -
  Illinois - - 3 (3%) -
  Oregon 2 (6%) - 2 (2%) -
  Ohio 2 (6%) - 2 (2%) -
  New Jersey 2 (6%) - 2 (2%) -
  New York 1 (3%) - 2 (2%) -
  Connecticut 1 (3%) - 2 (2%) -
  Minnesota - - 2 (2%) 85M (< 1%)
  Washington - - 2 (2%) -
  Indiana - - 2 (2%) -
  Florida - - 2 (2%) -
  Colorado - - 2 (2%) -
  North Carolina 1 (3%) - 1 (1%) -
  Michigan 1 (3%) - 1 (1%) -
  Vermont - - 1 (1%) -
  New Hampshire - - 1 (1%) -
  Nebraska - - 1 (1%) -
  Arizona - - 1 (1%) -
United Kingdom 5 (14%) - 11 (12%) 100M (1%)
Germany 3 (9%) - 5 (5%) -
Israel 1 (3%) - 3 (3%) -
Australia 1 (3%) - 1 (1%) -
Belgium 1 (3%) - 1 (1%) -
Ireland 1 (3%) - 1 (1%) -
Sweden - - 1 (1%) -
Domestic 23 (66%) 35M (100%) 68 (75%) 18.0B (99%)
Cross-border 12 (34%) - 23 (25%) 100M (1%)
Total 35 $35M 91 $18.1B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 9 (26%) - 27 (30%) 27M (< 1%)
Buyout (LBO, MBO, MBI) 12 (34%) - 26 (29%) -
Venture 1 (3%) - 12 (13%) -
Secondary Buyout 5 (14%) - 7 (8%) 165M (1%)
Divestiture 3 (9%) 35M (100%) 6 (7%) 220M (1%)
Consolidation 4 (11%) - 5 (5%) -
Going Private - - 4 (4%) 17.7B (98%)
PIPE 1 (3%) - 2 (2%) -
Stake Purchase - - 2 (2%) -
Total 35 $35M 91 $18.1B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 17 (30%) 4.5B (56%)
IPO 16 (28%) -
Trade Sale 13 (23%) 755M (9%)
Secondary Sale 7 (12%) 2.1B (27%)
Merger 3 (5%) -
Stake Sale 1 (2%) 640M (8%)
Total 57 $8.0B

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
 1
J.P. Morgan Securities
 1
Croft & Bender LP
 1
Legal Deals
Charles Russell Speechlys
 1
Skadden, Arps, Slate, Meagher & Flom LLP
 1

Deal Values

buy # Total
> $1B 1 $17.6B
$100M to $1B 2 $302M
< $100M 4 $247M
TOTAL $18.1B
Largest FreeScale Semiconductor Ltd.
$17.6B (2006-09-14)
sell # Total
> $1B 2 $2.1B
$100M to $1B 14 $5.7B
< $100M 3 $170M
TOTAL $8.0B
Largest Forterro UK Ltd.
$1.1B (2022-03-01)

M&A Connections

Deals
Acquired from
Investor(s)
8%
7 (8%)
Strategic(s)
7%
6 (7%)
Exited to
Investor(s)
14%
8 (14%)
Strategic(s)
56%
32 (56%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

13.0B USD

Established

1983

Specialist/Generalist

Specialist

Leadership

Chelsea Stoner

General Partner

Dharmesh Thakker

General Partner

Itzik Parnafes

General Partner

Jesse Feldman

General Partner

Michael Brown

General Partner

 Subscribe to unlock this and 193,848
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 184K M&A Transactions
  • 189K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 72K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal