Investment Summary

Battery Ventures and Verdane Invest In Guardsquare

On January 30, 2019, private equity firm Battery Ventures and growth capital firm Verdane invested in software company Guardsquare

Investment Highlights
  • This is Battery Ventures’ 24th and Verdane’s 10th transaction in the Software sector.
  • This is Battery Ventures’ 1st and Verdane’s 1st transaction in Belgium.

Investment Summary

Date 2019-01-30
Target Guardsquare
Sector Software
Investor(s) Battery Ventures
Verdane
Deal Type Growth Capital

Target

Guardsquare

Leuven, Belgium
Guardsquare is a developer of premium software for the protection of mobile applications against reverse engineering and hacking. Guardsquare was founded in 2014 and is based in Leuven, Belgium.

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Investor(S) 2

Investor

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 81 of 118
Sector: Software M&A 24 of 35
Type: Growth Capital M&A Deals 26 of 37
Country: Belgium M&A 1 of 1
Year: 2019 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Rogue Wave Software

Boulder, Colorado, United States

Rogue Wave Software, Inc. is a provider of reusable software components and services to professional developers for enterprise-class, high-performance application development. Today, thousands of developers at some of the world's leading companies have used Rogue Wave® products to develop mission-critical applications. Rogue Wave Software was founded in 1989 and is based in Boulder, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 AED-SICAD Aktiengesellschaft

Bonn, Germany

AED-SICAD Aktiengesellschaft is a provider of high end geographic information systems (GIS) for the public sector and utilities markets. AED-SICAD Aktiengesellschaft was founded in 1982 and is based in Bonn, Germany.

Sell -
Investor

Verdane

Oslo, Norway

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1985
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Verdane is a Norwegian private investment focused on acquiring portfolios of investments. In addition to secondary investing, Verdane also invests in co-investment pools as well as makes direct investments in individual growth companies. Sectors of interest include consumer products/services, software, energy, technology, and communications. Verdane provides support to portfolio owners to reduce exposure to private equity risk, achieve liquidity and free owners from the burden of managing direct investments. The majority of Verdane's investments are growth stage, however, the Firm can invest at any stage of development. Verdane was formerly known as Four Seasons Venture AS and was established in 1985. Verdane is based in Oslo, with additional offices in Helsinki and Stockholm.


DEAL STATS #
Overall 60 of 85
Sector: Software M&A 10 of 15
Type: Growth Capital M&A Deals 13 of 21
Country: Belgium M&A 1 of 1
Year: 2019 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-18 Scanmarket

Solbjerg, Denmark

Scanmarket is a cloud-based SaaS suite within strategic sourcing software. Scanmarket supports procurement teams with purchasing, planning, assessment and performance management through a Source-to-Contract SaaS suite. Scanmarket was founded in 1999 and is based in Solbjerg, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Conexus AS

Drammen, Norway

Formed in 2001, Conexus AS is a Norwegian EdTech company and supplier of systems for student follow-up to 90% of the primary and lower secondary schools in Norway.

Buy -