AEA Investors and Battery Ventures Finalize Sale of Process Sensing Technologies
Deal News | Nov 21, 2024 | Ropes & Gray
Ropes & Gray successfully advised AEA Investors' Middle Market Private Equity team and Battery Ventures in the sale of their portfolio company, Process Sensing Technologies, to DwyerOmega. Specific financial terms of this transaction were not publicly disclosed. The Ropes & Gray team was spearheaded by private equity partners Dan Oates and Angela Becker, alongside a strong group of associates specializing in various key legal areas ranging from private equity and antitrust to data, litigation and enforcement, and tax. This transaction showcases the collaborative legal expertise necessary to navigate the complexities of private equity divestments.
Sectors
- Private Equity
- Technology Manufacturing & Sensing
- Legal Advisory
Geography
- United States – The article involves the U.S.-based firm's (Ropes & Gray) collaboration and advisory in the transaction, reflecting the geographical base and operation.
Industry
- Private Equity – This industry involves investment firms that engage in buyouts, venture capital, and other forms of financial investments in private companies, as seen with AEA Investors and Battery Ventures in this transaction.
- Technology Manufacturing & Sensing – Process Sensing Technologies operates within this industry, providing sensing solutions crucial for various industrial applications.
- Legal Advisory – Ropes & Gray represents this industry as a provider of legal services, advising on complex transactions such as private equity exits and acquisitions.
Financials
- Not disclosed – The financial terms of the sale between AEA Investors, Battery Ventures, and DwyerOmega were not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AEA Investors | Vendor | Companies | A middle-market private equity firm that was part of the sellers of Process Sensing Technologies. |
| Battery Ventures | Vendor | Companies | A private equity firm involved as a seller of Process Sensing Technologies. |
| Process Sensing Technologies | Target company | Companies | The company being sold, providing technology solutions in process sensing. |
| DwyerOmega | Buyer | Companies | The company that acquired Process Sensing Technologies. |
| Ropes & Gray | Legal advisor | Companies | A law firm providing legal advisory services for the transaction. |