M&A Deal Summary

Battery Ventures Acquires Newforma

On August 1, 2017, private equity firm Battery Ventures acquired software company Newforma

Acquisition Highlights
  • This is Battery Ventures’ 22nd transaction in the Software sector.
  • This is Battery Ventures’ 54th transaction in the United States.
  • This is Battery Ventures’ 1st transaction in New Hampshire.
Investment Fate
  • Newforma was sold to a consortium of financial buyers in 2023.

M&A Deal Summary

Date 2017-08-01
Target Newforma
Sector Software
Buyer(s) Battery Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Newforma

Manchester, New Hampshire, United States
website
Newforma develops, sells, and supports project information management (PIM) software for architecture, engineering, and construction firms worldwide, and the owners they serve. the company products make up the first industry-focused and integrated solution to connect firms to each other, to their project information, to their processes, and to remote team members, all for the purpose of more successful project delivery. Customers use Newforma software on more than 1.5 million projects worldwide to raise productivity, reduce exposure to risk, strengthen their brands, and liberate time and attention to focus on design, construction, and client service. Newforma was formed in 2003 and is based in Manchester, New Hampshire.

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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 67 of 96
Sector (Software) 22 of 30
Type (Buyout (LBO, MBO, MBI)) 16 of 29
State (New Hampshire) 1 of 1
Country (United States) 54 of 69
Year (2017) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 AED-SICAD Aktiengesellschaft

Bonn, Germany

AED-SICAD Aktiengesellschaft is a provider of high end geographic information systems (GIS) for the public sector and utilities markets. AED-SICAD Aktiengesellschaft was founded in 1982 and is based in Bonn, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Braze

New York, New York, United States

Braze is an intelligent customer relationship suite for mobile-first marketers. Their technology empowers brands to build better relationships with their customers through mobile and other digital marketing channels. Braze was formed in 2011 and is headquartered in New York City.

Buy -