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04 March 2022

Charles Russell Speechlys is advising Battery Ventures on the sale of Forterro to Partners Group for €1 billion.

Charles Russell Speechlys is advising the global, technology-focused investment firm Battery Ventures on the sale of Forterro to Partners Group for €1 billion.

Battery Ventures was founded in 1983 and has since raised US$9.3 billion to invest in software, industrial technology and consumer-focused companies around the world. Charles Russell Speechlys has worked with Battery for several years, and Jonathan Morley and the team have also recently advised on the acquisition of Metals & Materials (Goodfellow) and the majority investment by AEA in Battery-backed Process Sensing Technologies. Our assistance with the Forterro transaction highlights our deep knowledge of the software sector and how we work with some of the largest global investment firms on cutting-edge deals.

Forterro is a pan-European provider of enterprise resource planning (ERP) software and services for the industrial midmarket. Battery Ventures has backed Forterro since 2012, and the company has grown to employ over 1,200 employees in 40 offices worldwide. The sale follows strong growth for Forterro over the last few years as client demand for its services and solutions has rapidly increased.

The Charles Russell Speechlys team was led by Corporate Partner Jonathan Morley and Corporate Legal Director Edward Robinson, supported by Corporate Associates Jeff Carvell and Caminelle Apperly. Partner Robert Birchall advised on tax and the team also included Senior Counsel Paul Stone (Anti-trust).

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