Battery Ventures has acquired German electron microscope parts manufacturer Quantifoil Micro Tools for a buy-and-build platform in the segment.
Battery Ventures' platform, Sample Preparation Technologies, will initially comprise Quantifoil and UK-based TTP Labtech, acquired by Battery at the end of last year.
The investors said that Quantifoil will have opportunities to leverage additional resources to support its future growth through technology development, expansion of production capabilities and an increased global market reach.
Quantifoil was founded in Jena in 1999. It makes and sells foils for electron microscopy to customers in 30 countries.
Quantifoil – Kay Pfennighaus (managing director).
Deal is based on an EV of €1.4bn and will see minority owner Kirkbi maintain a stake
Following the deal, Plurima's CEO, Luca Marconi, will be appointed as CEO and chair of Log-Os
Calculus Capital invested €2.5m in the media management software provider in 2015
In additon to the equity deployed by Palladio, a debt package was provided by Intesa Sanpaolo