SCHINDLER ATTORNEYS ADVISED GTCR ON ITS USD 1.33 BILLION INVESTMENT IN TRICENTIS
Vienna, December 3, 2024 – Schindler Attorneys represented GTCR, a leading private equity firm, on its definitive agreement to invest $1.33 billion in Tricentis, a global leader in continuous testing and quality engineering, valuing the enterprise at $4.5 billion and further fueling Tricentis’ growth and innovation.
The agreement was approved by global software investor Insight Partners and Tricentis following a comprehensive review of strategic alternatives. Insight Partners and GTCR will work together with equal representation on the Board of Directors to support the strong and experienced Tricentis management team’s continued success in fueling the company’s further expansion.
Schindler Attorneys’ deal team acted alongside GTCR’s lead counsel Kirkland & Ellis and was led by partner Clemens Philipp Schindler. The deal team further included partners Martin Abram, Michaela Pelinka, Philippe Kiehl and Philipp Spring, as well as counsel Dominik Stella and senior associate Valentina Hekele.
Clemens Philipp Schindler already advised ViewPoint Capital Partners on an investment in Tricentis in 2012, which together with Kenneth sold its stake to Insight Partners in 2017, again represented by Clemens Philipp Schindler and his team.
For Inquiries:
DDr. Clemens Philipp Schindler, LL.M.
Partner
clemens.schindler@schindlerattorneys.com
T +43 1 512 2613 205
