M&A Deal Summary

Battery Ventures Acquires ResourceWise

On April 4, 2022, private equity firm Battery Ventures acquired information services company ResourceWise

Acquisition Highlights
  • This is Battery Ventures’ 3rd transaction in the Information Services sector.
  • This is Battery Ventures’ 76th transaction in the United States.
  • This is Battery Ventures’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2022-04-04
Target ResourceWise
Sector Information Services
Buyer(s) Battery Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

ResourceWise

Charlotte, North Carolina, United States
ResourceWise was formed as a parent brand for a group of companies that provide data, analytics, and insights to the forest products, pulp & paper, and chemicals industries. Its intention is to serve additional industries in the natural resources space in the future with value chain optimization and sustainability-support services. ResourceWise was formed in 2021 and is based in Charlotte, North Carolina.

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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 103 of 116
Sector (Information Services) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 30 of 37
State (North Carolina) 2 of 2
Country (United States) 76 of 77
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Fisher International

South Norwalk, Connecticut, United States

Fisher International supports the pulp and paper industry with business intelligence and strategy consulting services. With research resources in nearly every pulp and paper producing country in the world, Fisher’s comprehensive databases, analytical technologies, and expert consultants are used by the paper industry around the world every day. Fisher International was founded in 1985 and is headquartered in South Norwalk, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Chargify

San Antonio, Texas, United States

Chargify is a billing and revenue management platform for fast-growing SaaS businesses. Chargify started out as a team within Grasshopper focused on the core needs of recurring billing. Over the past decade, Chargify has expanded its offerings to address the complexities of SaaS revenue management, with core functionalities in elastic billing, revenue operations, and SaaS-tailored insights. Chargify was founded in 2009 and is based in San Antonio, Texas.

Sell -
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