M&A Deal Summary

Battery Ventures Acquires PromoChrom

On September 28, 2023, private equity firm Battery Ventures acquired machinery company PromoChrom

Acquisition Highlights
  • This is Battery Ventures’ 3rd transaction in the Machinery sector.
  • This is Battery Ventures’ 2nd transaction in Canada.
  • This is Battery Ventures’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2023-09-28
Target PromoChrom
Sector Machinery
Buyer(s) Battery Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

PromoChrom

Richmond, British Columbia, Canada
PromoChrom specializes in liquid handling solutions with its automated SPE instruments to help improve the efficiency and data quality in chemical analysis and relieve laboratory staff of labor-intensive routines. PromoChrom was formed in 2007 and is based in Richmond, British Columbia.

Search 202,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 112 of 116
Sector (Machinery) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 35 of 37
State (British Columbia) 1 of 1
Country (Canada) 2 of 3
Year (2023) 7 of 7
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
2024-01-16 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.

Buy -
Mergr

Product

Company

Legal