Willkie Farr & Gallagher LLP
11/28/2024 | News release | Distributed by Public on 11/27/2024 21:44
Willkie Advises Insight Partners and Tricentis on $1.33 Billion Investment from GTCR
Willkie Advises Insight Partners and Tricentis on $1.33 Billion Investment from GTCR
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November 28, 2024
Willkie advised Insight Partners and Tricentis in a definitive agreement for GTCR to invest $1.33 billion in Tricentis.
On November 26, Tricentis, a global software testing and engineering company backed by Insight Partners, announced that private equity firm GTCR has signed a definitive agreement to invest $1.33 billion in Tricentis, valuing the enterprise at $4.5 billion. The agreement was approved by Insight Partners and Tricentis, and marks a significant milestone in the growth of the company.
Tricentis is a global leader in the software quality market focused on serving the largest enterprises in the world. The company was founded in 2007 in Vienna, Austria, with Insight Partners taking majority ownership in 2017. Tricentis is currently a U.S. corporation headquartered in Austin, Texas, with 26 offices globally.
The Willkie team was led by partners Matthew Guercio and Thomas Spencer, and included associates Steven Mercadante and Andrew Lefkowitz.
Matthew J. Guercio Partner Corporate & Financial Services
New York [email protected] +1 212 728 8535
Steven R. Mercadante Associate Corporate & Financial Services
New York [email protected] +1 212 728 3972
Andrew Lefkowitz Associate Corporate & Financial Services
New York [email protected] +1 212 728 3245