M&A Deal Summary

Battery Ventures Acquires Shiftmove

On January 1, 2023, private equity firm Battery Ventures acquired information technology company Shiftmove

Acquisition Highlights
  • This is Battery Ventures’ 19th transaction in the Information Technology sector.
  • This is Battery Ventures’ 9th transaction in Germany.

M&A Deal Summary

Date 2023-01-01
Target Shiftmove
Sector Information Technology
Buyer(s) Battery Ventures
Deal Type Buyout (LBO, MBO, MBI)

Target

Shiftmove

Berlin, Germany
Shiftmove aims to reinvent how companies handle their employees, goods and services' mobility. Today, the landscape of solutions for managing business mobility operations is fragmented, resulting in unnecessary complexity and wasted resources and the company's goal is to offer a holistic experience to managing business mobility operations that surpasses the value of traditional methods like mobility sourcing, fleet management and vehicle tracking. Shiftmove is based in Berlin, Germany.

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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 107 of 118
Sector: Information Technology M&A 19 of 22
Type: Buyout (LBO, MBO, MBI) M&A Deals 32 of 37
Country: Germany M&A 9 of 11
Year: 2023 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 LI-COR

Lincoln, Nebraska, United States

LI-COR engages in developing high-quality instrument systems used for plant research, gas analysis, drug discovery, protein research, and small animal imaging. LI-COR was founded in 1971 and is based in Lincoln, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 AscendantFX

Toronto, Ontario, Canada

AscendantFX is a financial technology services company that provides cross-border payment solutions to businesses. AscendantFX was founded in 2011 and is based in Toronto, Ontario.

Buy -