M&A Deal Summary

Battery Ventures Acquires Institute for Product Quality

On September 8, 2021, private equity firm Battery Ventures acquired test/measurement equipment company Institute for Product Quality

Acquisition Highlights
  • This is Battery Ventures’ 13th transaction in the Test/Measurement Equipment sector.
  • This is Battery Ventures’ 5th transaction in Germany.

M&A Deal Summary
Date 2021-09-08
Target Institute for Product Quality
Sector Test/Measurement Equipment
Buyer(s) Battery Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Institute for Product Quality

Berlin, Germany
website
Institute for Product Quality is a provider of analytical testing and analysis services for customers across the food, feed, pharmaceutical, and water sectors. Institute for Product Quality was founded in 2004 and is based in Berlin, Germany.

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Buyer(S) 1

Buyer

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

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.

DEAL STATS #
Overall 89 of 96
Sector (Test/Measurement Equipment) 13 of 14
Type (Buyout (LBO, MBO, MBI)) 24 of 29
Country (Germany) 5 of 6
Year (2021) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Scodix

Rosh Haayin, Israel

Scodix is a provider of post-print digital enhancement presses for commercial and industrial printing markets. Compared to incumbent traditional systems, the Scodix solution consumes less energy, boasts a smaller physical footprint and allows operators to print runs of any size on-demand (including web-to-print), eliminating costly and wasteful excess production and toxic chemicals. Scodix was founded in 2007 and is based in Rosh Haayin, Israel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Goodfellow

Huntingdon, United Kingdom

Goodfellow is a distibutor of metals, polymers, ceramics, and other materials to meet the research, development, and specialized production requirements of science and industry worldwide. Goodfellow was established in 1967 and is based in Huntingdon, United Kingdom.

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