Advising Patrimonium Private Equity on their acquisition of TestSolutions, an IT services company focused on software testing.

With a share of 20-30% of the total costs of a new development, software testing is an important part of the overall software & IT development market, which is driven by the global digitalization trend. New security and data protection requirements are giving this market additional impetus.

With an international team of over 100 IT experts and a focus on the DACH region, TestSolutions covers the entire spectrum of software & IT testing services. The company has a strong presence in the mobility, aviation and finance sectors and her clients are mostly blue-chip companies.

TestSolutions generates a turnover of over EUR 16 million. In addition to its own training and education academy, the company also owns the offshore unit TestSolutions Rwanda Ltd. based in Kigali.

The investment strategy is geared towards promoting the company's organic and strategic growth as well as its technological innovation capabilities.

As part of this, TestSolutions is focusing on the targeted acquisition of complementary companies in order to become a leading provider of software testing services in the DACH region.

The previous owners of TestSolutions, Christian Knoop and Kai Stammnitz, will remain on board as sole managing directors and major shareholders. They will ensure continuity and success in the strategic and operational management of the company. Together with an experienced second management level, TestSolutions will continue to develop dynamically in the rapidly growing sector.

TestSolutions GmbH, based in Frankfurt am Main, is a leading provider of comprehensive software testing services in German-speaking countries. Founded in 2007, the owner-managed 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 from India and Rwanda. An internal academy offers industry-specific training and accredited courses.

Patrimonium Private Equity Fund SCSp is advised by Patrimonium Private Equity Advisors AG, a subsidiary of Patrimonium Asset Management AG ('Patrimonium'). Patrimonium is a fund management company authorised by the Swiss Financial Market Supervisory Authority (FINMA), which manages private market investments in real estate, private debt, private equity and infrastructure. Patrimonium is characterised by a direct and responsible investment approach and operates primarily in Switzerland, Germany and neighbouring countries. Patrimonium manages assets totalling CHF 4.5 billion (as at 06.2023). With offices in Lausanne, Zurich and Zag, Patrimonium employs over 70 people.

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