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M&A Deal Summary

Battery Ventures Acquires Jeeves Information Systems AB

On June 4, 2012, private equity firm Battery Ventures acquired software company Jeeves Information Systems AB

Acquisition Highlights
  • This is Battery Ventures’ 15th transaction in the Software sector.
  • This is Battery Ventures’ 1st transaction in Sweden.

M&A Deal Summary
Date 2012-06-04
Target Jeeves Information Systems AB
Sector Software
Buyer(s) Battery Ventures
Deal Type Going Private

Target

Jeeves Information Systems AB

Stockholm, Sweden
Jeeves develops ERP systems for small and midsized companies. The ERP systems are user friendly, easily customizable, and at the same time optimal for continuous improvement of business support. Jeeves’ head office is located in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

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 $5 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 45 of 118
Sector: Software M&A 15 of 35
Type: Going Private M&A Deals 4 of 5
Country: Sweden M&A 1 of 2
Year: 2012 M&A 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-16 Mass Relevance

Austin, Texas, United States

Mass Relevance enables entertainment, media, retail, and manufacturing brands to drive real-time engagement through social curation and integration.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Delphix

Redwood City, California, United States

Delphix provides database virtualization solutions for agile data management. Leading global organizations use Delphix to dramatically reduce the time, cost, and risk of application rollouts, simplifying database operations while consolidating redundant hardware. Delphix is based in Redwood City, California.

Buy -
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