M&A Deal Summary

Battery Ventures Acquires PPT Holdings

On January 1, 2014, private equity firm Battery Ventures acquired test/measurement equipment company PPT Holdings

Acquisition Highlights
  • This is Battery Ventures’ 5th transaction in the Test/Measurement Equipment sector.
  • This is Battery Ventures’ 5th transaction in the United Kingdom.
Investment Fate
  • PPT Holdings was sold to a consortium of financial buyers in 2025.

M&A Deal Summary

Date 2014-01-01
Target PPT Holdings
Sector Test/Measurement Equipment
Buyer(s) Battery Ventures
Deal Type Consolidation

Target

PPT Holdings

Halifax, United Kingdom
PPT Holdings (PPT) is a multi-national holding company that designs and manufactures physical property testing instrumentation focused on a wide range of end markets and applications. Each brand within PPT represents a category leader in their specific testing niche. PPT Holdings is based in Halifax, United Kingdom.

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Buyer(S) 1

Buyer

Battery Ventures

Boston, Massachusetts, United States

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 53 of 117
Sector (Test/Measurement Equipment) 5 of 14
Type (Consolidation) 2 of 5
Country (United Kingdom) 5 of 13
Year (2014) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 WebPT

Phoenix, Arizona, United States

WebPT is an EMR for physical therapists (PTs), occupational therapists (OTs) and speech-language pathologists (SLPs). Offering a simple, affordable solution, WebPT makes it easy for therapists to transition from paper and outdated software to a user-friendly, cloud-based system. With WebPT, therapists, directors and front office staff all have access to their patients’ medical records anywhere, anytime. WebPT was founded in 2006 and is based in Phoenix, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-21 LifeMed Media

Westport, Connecticut, United States

dLife is a division of LifeMed Media, the first multimedia healthcare marketing company focused on aggregating and organizing chronic disease populations as lifestyle or affinity marketing groups — a breakthrough approach. dLife represents the first integrated media network for the 18.2 million people living with diabetes, plus their families and those at risk of developing diabetes — some 70 million in all.

Sell -