Rautenberg & Company advises the owners of TestSolutions on the sale to Patrimonium Private Equity.

Our team advised the owners of TestSolutions GmbH on the sale to Patrimonium Private Equity, part of Patrimonium Asset Management, and COI Partners. Closing of the transaction took place in December 2023.

TestSolutions, founded in 2007, is a leading and fast growing software testing company. With more than 100 experts from 24 nationalities, the company is serving a variety of industries, such as airlines, banks, insurances and automotive companies. In the DACH space, TestSolutions is the #1 provider of test services for the aviation industry. The offering includes a test factory in Kigali, Rwanda, for offshore test services. In addition, the company is also providing training services for testing professionals.

Patrimonium Asset Management is a Swiss-based entrepreneurial investor in private markets. The asset classes comprise private equity, private debt, real estate and infrastructure, in particular in the DACH region. With a staff of 70 professionals, Patrimonium manages a portfolio of CHF 4.5bn, split up in more than 400 investments.

COI Partners is a leading growth investor focused on the DACH region with over 20 years of experience. With 20 employees, offices in Berlin, Frankfurt and Zurich and with more than 100 initial and follow-on investments and over 40 exits, COI Partners has extensive investment and sector expertise.

Aim of the transaction is to support the further successful growth of TestSolutions, including a buy and build strategy. Therefore, the owners of TestSolutions, Christian Knoop and Kai Stammnitz, are reinvesting a substantial part of their proceeds, and they will continue to manage the company after the transaction.

Our team advised the owners of TestSolutions throughout the transaction and structured and supported the M&A process up to the successful closing of the transaction.