M&A Deal Summary

Co-Investor AG and Patrimonium Private Equity Acquire TestSolutions

On December 20, 2023, private equity firms Co-Investor AG and Patrimonium Private Equity acquired information technology company TestSolutions

Acquisition Highlights
  • This is Co-Investor AG’s 2nd and Patrimonium Private Equity’s 2nd transaction in the Information Technology sector.
  • This is Co-Investor AG’s 18th and Patrimonium Private Equity’s 4th transaction in Germany.

M&A Deal Summary

Date 2023-12-20
Target TestSolutions
Sector Information Technology
Buyer(s) Co-Investor AG
Patrimonium Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

TestSolutions

Frankfurt, Germany
TestSolutions is a provider of comprehensive software testing services in German-speaking countries. The company specialises in the provision of comprehensive testing services, primarily for blue chip customers in various industries. The services include test management, test automation, load and performance testing, manual testing, test analysis, test factory services and offshore testing services. TestSolutions was founded in 2007 and is based in Frankfurt, Germany.

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Buyer(S) 2

Buyer

Co-Investor AG

Zurich, Switzerland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Co-Investor AG is an independent private equity group consisting of a network of wealthy individuals that seeks growth investments in medium-sized privately held companies. Co-Investor looks for opportunities requiring €5 to €25 million of equity capital and generally invests alongside a lead investor. The Group concentrates its activity throughout German-speaking Europe. Co-Investor does not have an industry focus. Co-Investor was established in 2000 and is is based in Zurich.


DEAL STATS #
Overall 26 of 26
Sector: Information Technology M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 12 of 12
Country: Germany M&A 18 of 18
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Keller Group

München, Germany

Keller Group is a digital premium provider of sports services, products, and own content, with premium membership as the core element. For millions of people in Europe, Keller Group has become THE place to go for products, content, and services related to an active life. Keller Group was founded in 2005 and is based in München, Germany.

Sell -
DESCRIPTION

Patrimonium Private Equity is the direct private equity investment arm of Patrimonium Asset Management. Patrimonium PE looks to invest in and acquire small to mid-sized businesses in Switzerland, Germany, Austria, and Northern Italy generating €20 to €200 million in annual revenue. Areas of interest include service companies (B2B & B2C), industrial and consumer goods, building materials, and logistics. The Firm will consider majority or minority positions and generally looks for growth opportunities, either through buy-and build or digitalization. Patrimonium Private Equity was established in 2001 and is headquartered in Echandens, Switzerland.


DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
Country: Germany M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-26 Netzlink

Braunschweig, Germany

Netzlink offers ICT solutions for B2B customers with special demands on functionality, security, and data protection. With specialist teams for data protection and IT security, Netzlink ensures the implementation of these topics in all ICT areas. Netzlink was founded in 1997 and is based in Braunschweig, Germany.

Buy -