M&A Deal Summary

Battery Ventures Acquires Nova Instruments

On February 2, 2010, private equity firm Battery Ventures acquired test/measurement equipment company Nova Instruments

Acquisition Highlights
  • This is Battery Ventures’ 3rd transaction in the Test/Measurement Equipment sector.
  • This is Battery Ventures’ 25th transaction in the United States.
  • This is Battery Ventures’ 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2010-02-02
Target Nova Instruments
Sector Test/Measurement Equipment
Buyer(s) Battery Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Nova Instruments

Woburn, Massachusetts, United States
website
Nova Instruments serves the global test and measurement market through a portfolio of companies that provide instrumentation and solution sets for analysis, calibration, control, measurement and monitoring in various applications.

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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 26 of 96
Sector (Test/Measurement Equipment) 3 of 14
Type (Buyout (LBO, MBO, MBI)) 7 of 29
State (Massachusetts) 3 of 6
Country (United States) 25 of 69
Year (2010) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-07 Healthvision

Dallas, Texas, United States

Healthvision is a provider of healthcare specific software and services. The company provides innovative, cost-effective solutions enabling vital access to healthcare information anytime and anywhere improving clinical and financial outcomes. Healthvision solutions, powered by Cloverleaf Integration Suite, are at work in thousands of facilities around the globe, including 40 percent of all large Integrated Delivery Networks, and 33 percent of U.S. hospitals.

Sell $160M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-19 Groupon

Chicago, Illinois, United States

Groupon is a social eCommerce site. Groupon leverages social media and collective buying power to feature daily deals in more than 500 markets around the world. Groupon was formed in 2008 and is based in Chicago, Illinois.

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