AI Issue 8 2017

4 Acquisition International - August 2017 News: from around the world Barings Provides Financing for Battery Ventures’ Add-on Acquisition of Rotronic AG Rotronic, based in Switzerland, is a global leader in the development and manufacture of humidity- and temperature-measurement and monitoring solutions used in manufacturing and other industrial processes. The firm joins Battery’s process sensing technologies platform, which also includes Michell Instruments Group and Analytical Industries Inc. “Battery Ventures appreciates the continued support of Barings’ global private finance group on the addition of Rotronic to the Process Sensing Technologies platform,” said Jesse Feldman, general partner at Battery Ventures. “Barings’ ability to lend into multiple jurisdictions and in multiple currencies, along with their ability to execute within a very tight timeframe, proved critical to closing the acquisition and providing a scalable financing solution that met the needs of both battery ventures and process sensing technologies.” “Barings looks forward to continuing to support Battery Ventures as it expands its process sensing technologies platform through organic growth and additional investments,” said Max McEwen, managing director for Barings’ global private finance team. “We consider the platform’s growth prospects quite compelling due to the complementary nature of Rotronic’s capabilities vis- à-vis Michell and Analytical Industries, the strength of the Rotronic brand and the access it provides to new end markets, including pharmaceuticals and food manufacturing.” Barings, a leading global financial services firm with $288 billion in assets under management, announced on Aug 02 that it acted as mandated lead arranger of a senior secured, multi-currency credit facility to support Battery Ventures’ continued buildout of its process-measurement platform through its acquisition of Rotronic AG. With over 650 investment professionals, including more than 70 dedicated solely to private finance, Barings leverages its global presence and local expertise to source private credit investments in developed markets worldwide. This global sourcing network, coupled with a diverse portfolio of platform companies, provides Barings with ongoing opportunities to finance middle market transactions including new platform investments, add-on acquisitions and recapitalisations across the U.S., Europe and Asia. www.barings.com