M&A Deal Summary

Battery Ventures Acquires LI-COR

On December 8, 2021, private equity firm Battery Ventures acquired test/measurement equipment company LI-COR

Acquisition Highlights
  • This is Battery Ventures’ 14th transaction in the Test/Measurement Equipment sector.
  • This is Battery Ventures’ 74th transaction in the United States.
  • This is Battery Ventures’ 1st transaction in Nebraska.
Investment Fate
  • LI-COR was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2021-12-08
Target LI-COR
Sector Test/Measurement Equipment
Buyer(s) Battery Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

LI-COR

Lincoln, Nebraska, United States
LI-COR engages in developing high-quality instrument systems used for plant research, gas analysis, drug discovery, protein research, and small animal imaging. LI-COR was founded in 1971 and is based in Lincoln, Nebraska.

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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 101 of 118
Sector: Test/Measurement Equipment M&A 14 of 14
Type: Buyout (LBO, MBO, MBI) M&A Deals 29 of 37
State: Nebraska M&A 1 of 1
Country: United States M&A 74 of 78
Year: 2021 M&A 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 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, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Signal AI

London, United Kingdom

Signal AI is a decision augmentation company for real-time market and media intelligence to uncover trends, risks and opportunities and support critical decision-making. Signal AI was founded in 2013 and is based in London, United Kingdom.

Buy -