M&A Deal Summary

Tricentis Acquires Neotys

On March 30, 2021, Tricentis acquired business services company Neotys from Ardian

Acquisition Highlights
  • This is Tricentis’ 1st transaction in the Business Services sector.
  • This is Tricentis’ 1st transaction in France.

M&A Deal Summary

Date 2021-03-30
Target Neotys
Sector Business Services
Buyer(s) Tricentis
Sellers(s) Ardian
Deal Type Add-on Acquisition

Target

Neotys

Gemenos, France
Neotys is a company specializing in software design and web & mobile application performance testing, for €2 million. Neotys was founded in 2005 and is based in Gemenos, France.

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Buyer(S) 1

Buyer

Tricentis

Austin, Texas, United States

Category Company
Founded 1997
Sector Software
DESCRIPTION

Tricentis provides all aspects of software testing and software quality assurance. The flagship product TOSCA Testsuite enables companies to test and assess business-critical enterprise applications with unprecedented effectiveness and efficiency. It has a global presence in Austria, Australia, Belgium, Denmark, Germany, India, Netherlands, Singapore, Switzerland, Poland, United States, and the UK. Tricentis was founded in 1997 and is based in Austin, Texas.


DEAL STATS #
Overall 4 of 8
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 7
Country (France) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-08 TestProject

Petah Tikva, Israel

TestProject is an open source test automation tools: Selenium and Appium. It supports all major operating systems, and enables any software team to test web, Android, and iOS apps using a “low-code/no-code” approach. TestProject was founded in 2015 and is based in Petah Tikva, Israel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Testim

Sunnyvale, California, United States

Testim is an AI-based SaaS test automation platform. Testim was founded in 2014 and is based in Sunnyvale, California.

Buy -

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 192 of 224
Sector (Business Services) 15 of 19
Type (Add-on Acquisition) 49 of 53
Country (France) 96 of 106
Year (2021) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 Kapten & Son

Cologne, Germany

Kapten & Son is a fashion and accessory company. The Company's product portfolio includes accessories, suitcases, backpacks, eyewear and watches, which are sold in over 30 countries via the Kapten & Son online store, as well as six Kapten & Son retail flagship stores and exclusive boutique partners. Kapten & Son was founded in 2014 and is based in Cologne, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Deli Home

Gorinchem, Netherlands

Deli Home is a producer and distributor of made-to-measure, do-it-yourself, and building supplies. Its brands include CanDo, Skantrae, Weekamp, Lundia, and Bruynzeel. Deli Home has sales offices and production locations all across Europe (Belgium, Portugal, Czech Republic, Poland, France, and Hungary). Deli Home was founded in 2016 and is based in Gorinchem, Netherlands.

Buy -