Deals
Private Equity Firm Reinvests in Forterro Five Months After Exit
- Battery Ventures taking 10% stake in Forterro via new fund
- Battery exited holding in March to return money to investors
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Private equity company Battery Ventures is reinvesting in a software company it exited just five months ago.
Boston, MA-based Battery will buy a 10% stake in Forterro, a European business software provider that it sold to Partners Group Holding AG in March at a 1 billion-euro ($1 billion) valuation. Forterro’s value will be unchanged by the new investment, Battery said in a statement.