Mergers and Acquisitions

Battery Ventures in its $150 million acquisition of TrueContext Corporation

Battery Ventures
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Alex Gorka

Partner, Corporate, Toronto

Bradley Lastman

Associate, Corporate, Toronto

Ben Fickling

Associate, Corporate, Toronto

Sophie Fu

Articling Student, Toronto

Kelly O’Ferrall

Partner, Employment and Labour, Ottawa

Jessica Silverman

Associate, Employment and Labour, Toronto

James Dunn

Associate, Employment and Labour, Toronto

Alison Hayman

Partner, Intellectual Property, Toronto

Sam Ip

Partner, Technology, Toronto

Josh Disenhouse

Partner, Real Estate, Toronto

Dakota Secours

Associate, Real Estate, Toronto

Mark Brender

Partner, Tax, Montréal

Jean-Philippe Dionne

Associate, Tax, Montréal

James Chang

Associate, Tax, Toronto

Katelyn Smith

Associate, Privacy and Data Management, Toronto

Lynne Lacoursière

Partner, Corporate, Toronto

Nick Guadagnolo

Associate, Corporate, Toronto

Jonathan Marin

Partner, Pension and Benefits, Toronto

Mikulas Arendas

Partner, Financial Services, Montréal

Asma Berrak

Associate, Financial Services, Montréal

Jean-Christophe Leduc

Associate, Financial Services, Montréal

Kaeleigh Kuzma

Partner, Competition/Antitrust and Foreign Investment, Calgary

Sergey Stefanishin

Associate Director, Osler Works – Transactional, Toronto

On May 16, 2024, Battery Ventures announced the completion of the previously announced plan of arrangement to acquire all of the issued and outstanding common shares of TrueContext Corporation for $1.07 per share in cash.

Upon completion of the transaction, TrueContext became a privately held company.

Battery Ventures is a technology-focused investment firm that makes venture capital and private equity investments in markets globally.

TrueContext is a global leader in field intelligence. The product’s field workflows and data collection capabilities enable enterprise field teams to optimize decision-making, decrease organizational risk, maximize the uptime of valuable assets, and deliver exceptional service experiences.

Osler, Hoskin & Harcourt LLP advised Battery Ventures with a team consisting of Shahir Guindi, Alex Gorka, Bradley Lastman, Ben Fickling, AJ Case, Sophie Fu (Corporate), Kelly O’Ferrall, Jessica Silverman, James Dunn, (Employment & Labour), Alison Hayman (Intellectual Property), Sam Ip (Technology), Josh Disenhouse, Dakota Secours (Real Estate), Mark Brender, Jean-Philippe Dionne, James Chang (Tax), Katelyn Smith (Privacy), Lynne Lacoursière, Nick Guadagnolo (Executive Compensation), Jon Marin, Olivia Suppa (Pensions and Benefits), Mikulas Arendas, Asma Berrak, Jean-Christophe Leduc (Financial Services), Kaeleigh Kuzma (Competition) and Sergey Stefanishin (Osler Works- Transactional).

Value
$150 million
Date Closed
May 16, 2024
Lead Office
Toronto
Key Contact
Shahir Guindi, Ad. E.

Former National Co-Chair, Partner, Corporate, Montréal

Team
Alex Gorka

Partner, Corporate, Toronto

Bradley Lastman

Associate, Corporate, Toronto

Ben Fickling

Associate, Corporate, Toronto

Sophie Fu

Articling Student, Toronto

Kelly O’Ferrall

Partner, Employment and Labour, Ottawa

Jessica Silverman

Associate, Employment and Labour, Toronto

James Dunn

Associate, Employment and Labour, Toronto

Alison Hayman

Partner, Intellectual Property, Toronto

Sam Ip

Partner, Technology, Toronto

Josh Disenhouse

Partner, Real Estate, Toronto

Dakota Secours

Associate, Real Estate, Toronto

Mark Brender

Partner, Tax, Montréal

Jean-Philippe Dionne

Associate, Tax, Montréal

James Chang

Associate, Tax, Toronto

Katelyn Smith

Associate, Privacy and Data Management, Toronto

Lynne Lacoursière

Partner, Corporate, Toronto

Nick Guadagnolo

Associate, Corporate, Toronto

Jonathan Marin

Partner, Pension and Benefits, Toronto

Mikulas Arendas

Partner, Financial Services, Montréal

Asma Berrak

Associate, Financial Services, Montréal

Jean-Christophe Leduc

Associate, Financial Services, Montréal

Kaeleigh Kuzma

Partner, Competition/Antitrust and Foreign Investment, Calgary

Sergey Stefanishin

Associate Director, Osler Works – Transactional, Toronto