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New Deal


Announced

Battery Ventures to acquire TrueContext for $150m.

Financials

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Transaction Value£117m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium39.9%
One Off Charge-

Tags

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Cross Border

software development

Software

Majority

Public

Private Equity

Friendly

Canada

Acquisition

Venture Capital

Pending

Single Bidder

Synopsis

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Battery Ventures, a global, technology-focused investment firm, agreed to acquire TrueContext, a software company, for $150m. “TrueContext welcomes our new partner Battery Ventures as we continue our journey of delivering best-in-class workflows to field technicians. We are excited to work with Battery to accelerate the next chapter of our continued growth in the Field Intelligence space,” Alvaro Pombo, TrueContext Co-CEO and Founder.

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