Partners Group acquires Forterro ERP platform for €1B enterprise value

What's the deal? In March 2022, Partners Group agreed to acquire London-based industrial mid-market ERP platform Forterro from Battery Ventures at an enterprise value of €1 billion . Battery retained a significant minority stake.

Context Forterro was founded in 2012 and had built a portfolio of specialised ERP brands for SMB manufacturers across Europe. Partners Group’s Technology vertical plans include accelerating organic growth, bolt-on M&A in adjacent geographies and sub-verticals, and improving operational efficiency — a classic Direct Equity platform build.

Source Partners Group EQS — Forterro acquisition
Partners Group Forterro case study