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New Deal


Announced

Completed

Battery Ventures completed the acquisition of a 10% stake in Forterro from Partners Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

Cross Border

Friendly

Software

United Kingdom

enterprise software

Acquisition

Minority

Private

Private Equity

Completed

Synopsis

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Battery Ventures, an investment firm, completed the acquisition of a 10% stake in Forterro, a group of companies that deliver ERP software to SMEs, from Partners Group, a global private markets investment manager. Financial terms were not disclosed. “With the vast opportunities for continued growth, and a deep belief in the vision shared by Forterro CEO Dean Forbes and its new lead investor, Partners Group, we are excited to double down on Forterro during its next chapter, deploying new capital into the business,” Dave Tabors, Battery Private Equity Partner .

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