M&A Deal Summary

Battery Ventures Acquires Durham Geo-Enterprises

On September 1, 2009, private equity firm Battery Ventures acquired test/measurement equipment company Durham Geo-Enterprises from Peachtree Equity Partners

Acquisition Highlights
  • This is Battery Ventures’ 2nd transaction in the Test/Measurement Equipment sector.
  • This is Battery Ventures’ 24th transaction in the United States.
  • This is Battery Ventures’ 2nd transaction in Georgia.

M&A Deal Summary

Date 2009-09-01
Target Durham Geo-Enterprises
Sector Test/Measurement Equipment
Buyer(s) Battery Ventures
Sellers(s) Peachtree Equity Partners
Deal Type Secondary Buyout

Target

Durham Geo-Enterprises

Stone Mountain, Georgia, United States
Durham Geo-Enterprises is a provider of materials testing instrumentation in the construction, geotechnical and geophysical markets. Durham Geo-Enterprises was founded in 1958 and is based in Stone Mountain, Georgia.

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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 25 of 116
Sector (Test/Measurement Equipment) 2 of 14
Type (Secondary Buyout) 1 of 7
State (Georgia) 2 of 6
Country (United States) 24 of 77
Year (2009) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-01 ExactTarget

Indianapolis, Indiana, United States

ExactTarget, Inc. is a provider of on-demand email marketing software solutions. The company’s suite of on-demand one-to-one marketing applications enable clients to send business-critical and event triggered communications to increase sales, optimize marketing investments and strengthen customer relationships.

Buy -
FOLLOWING 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

Seller(S) 1

SELLER

Peachtree Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 170M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Peachtree Equity Partners is a Southeast US based private equity firm that provides non-control equity capital to smaller middle market companies. Peachtree allows business owners to retain control of their companies while accessing capital for growth, acquisitions, or shareholder liquidity. Peachtree's target investment size is $3 to $10 million. Sectors of interest include business services, financial services, government contracting, and specialized manufacturing. Peachtree was formed in 2002 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 6 of 13
Sector (Test/Measurement Equipment) 1 of 1
Type (Secondary Buyout) 1 of 4
State (Georgia) 1 of 4
Country (United States) 5 of 12
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 Tin Roof

Nashville, Tennessee, United States

Tin Roof operates casual dining and live music venues in the Southeast and Midwest, with each of its locations serving as a popular destination for lunch, dinner, and evening entertainment. Tin Roof was founded in 1996 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-17 Grindmaster-Cecilware

Louisville, Kentucky, United States

Grindmaster-Cecilware Corp. is a manufacturer of hot, cold and frozen beverage dispensing equipment including coffee machines.

Buy -