Partners Group, a Swiss investment management firm, announced that it has acquired Forterro from Battery Ventures at an enterprise value of €1B. The deal was signed last week and is set to be completed following the necessary clearances.
Why this acquisition?
Partners Group will work with Forterro’s management and help them expand its platform across Europe. The Swiss company also plans to accelerate Forterro’s organic growth by expanding go-to-market initiatives.