M&A Deal Summary

Battery Ventures Acquires ORTEC

On January 16, 2024, private equity firm Battery Ventures acquired software company ORTEC

Acquisition Highlights
  • This is Battery Ventures’ 34th transaction in the Software sector.
  • This is Battery Ventures’ 3rd transaction in the Netherlands.

M&A Deal Summary

Date 2024-01-16
Target ORTEC
Sector Software
Buyer(s) Battery Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

ORTEC

Zoetermeer, Netherlands
ORTEC helps many of the world’s largest organizations make better data-driven decisions with its decision-support software and other capabilities. The company focuses on logistics and routing solutions; workforce management; and data science and consulting. ORTEC was founded in 1981 and is based in Zoetermeer, Netherlands.

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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 114 of 118
Sector: Software M&A 34 of 35
Type: Buyout (LBO, MBO, MBI) M&A Deals 36 of 37
Country: Netherlands M&A 3 of 3
Year: 2024 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-28 Skalar Analytical

Breda, Netherlands

Skalar Analytical is a manufacturer of automated laboratory instrumentation for customers across environmental, agricultural, and food & beverage end markets. It has grown into a multinational organization with its own subsidiaries across Europe, North America, and India and with over eighty representatives throughout the world. Skalar Analytical was formed in 1965 and is based in Breda, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-14 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.

Sell -