Private equity company Battery Ventures acquires 100 per cent of the group's shares
IHS GmbH, a provider of technology and marketing solutions to the global hotel industry, announces that Battery Ventures, a private investment firm focused on technology and innovation worldwide, has acquired all of the group's shares from Kings Park Capital (KPC), an independent equity investment firm based in London, UK.
The transaction will enable IHS and its brands to build upon its customer-centric focus, drive continued organic growth, and pursue acquisition opportunities. In conjunction with the investment, Battery Executive in Residence, Steve Rowley, joins IHS as Chairman and CEO, and Battery's Dave Tabors and Morad Elhafed join its Board of Directors. Financial details of the transaction were not disclosed.