Frank\u00adfurt a. Main \u2014 The inde\u00adpen\u00addent German private equity firm ECM Equity Capi\u00adtal Manage\u00adment GmbH (\u201cECM\u201d), as mana\u00adger of the fund German Equity Part\u00adners V (\u201cGEP V\u201d or \u201cthe Fund\u201d), today announ\u00adced the sale of its majo\u00adrity stake in the Berlin-based soft\u00adware deve\u00adlo\u00adper PikeTec GmbH (\u201cPikeTec\u201d) to Synop\u00adsys, Inc. a global leader in elec\u00adtro\u00adnic design auto\u00adma\u00adtion (EDA) and semi\u00adcon\u00adduc\u00adtor IP based in the US. A dyna\u00admi\u00adcally growing soft\u00adware company, PikeTec specia\u00adli\u00adzes in embedded soft\u00adware test\u00ading and func\u00adtional veri\u00adfi\u00adca\u00adtion with a focus on the auto\u00admo\u00adtive indus\u00adtry. The parties to the agree\u00adment have agreed not to disc\u00adlose the purchase price or further details of the transaction.<\/p>\n
With the successful closing of the tran\u00adsac\u00adtion, funds mana\u00adged by ECM have alre\u00adady reali\u00adzed the second successful exit this year after the sale of the Derma\u00adto\u00adlo\u00adgi\u00adkum Group.<\/p>\n
Further deve\u00adlo\u00adp\u00adment of the orga\u00adniza\u00adtion and intro\u00adduc\u00adtion of a subscrip\u00adtion-based busi\u00adness model Global and loyal customers Andreas Kr\u00e4mer, co-foun\u00adder of PikeTec, said: \u201cWe thank ECM for the successful coope\u00adra\u00adtion over the past four years. With ECM\u2019s support, we have deve\u00adlo\u00adped PikeTec\u2019s busi\u00adness model into a soft\u00adware subscri\u00adber model, driven inter\u00adna\u00adtio\u00adnal expan\u00adsion, espe\u00adci\u00adally in Asia, and crea\u00adted the neces\u00adsary orga\u00adniza\u00adtio\u00adnal condi\u00adti\u00adons for further growth. Thanks to ECM\u2019s excel\u00adlent inter\u00adna\u00adtio\u00adnal network, we were able to find the right stra\u00adte\u00adgic part\u00adner in Synop\u00adsys for our further deve\u00adlo\u00adp\u00adment. We look forward to shaping and chan\u00adging the future of virtua\u00adliza\u00adtion, simu\u00adla\u00adtion and testing.\u201d<\/p>\n Florian K\u00e4hler, Mana\u00adging Part\u00adner of ECM (Photo \u00a9 ECM)<\/strong>, added: \u201cIt has been a great plea\u00adsure to work with PikeTec\u2019s foun\u00adders Dr. Eckard Bring\u00admann, Andreas Kr\u00e4mer and Dr. Jens L\u00fcde\u00admann on an equal footing. Since the begin\u00adning of our part\u00adner\u00adship in 2019, we have supported the manage\u00adment team in conti\u00adnuing and acce\u00adle\u00adra\u00adting PikeTec\u2019s successful growth trajec\u00adtory and in driving the inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion of the company. We thank the manage\u00adment team for the trust they have placed in us and wish the team and the company every success for the future along\u00adside the new part\u00adner Synopsys.\u201d<\/p>\n Advi\u00adsor GEP V on this transaction: <\/strong><\/p>\n Houli\u00adhan Lokey<\/strong> (M&A), Milbank<\/strong> (legal and struc\u00adtu\u00adring), Roland Berger<\/strong> (commer\u00adcial) and Ebner Stolz<\/strong> (finance & tax) advi\u00adsed. Florian K\u00e4hler, Jan-Luca Bell and Bene\u00addikt M\u00fcller were respon\u00adsi\u00adble for the tran\u00adsac\u00adtion at ECM.<\/p>\n About ECM Equity Capi\u00adtal Manage\u00adment GmbH (\u201cECM\u201d) About PikeTec GmbH (\u201cPikeTec\u201d) Frank\u00adfurt a. Main \u2014 The inde\u00adpen\u00addent German private equity firm ECM Equity Capi\u00adtal Manage\u00adment GmbH (\u201cECM\u201d), as mana\u00adger of the fund German Equity Part\u00adners V (\u201cGEP V\u201d or \u201cthe Fund\u201d), today announ\u00adced the sale of its majo\u00adrity stake in the Berlin-based soft\u00adware deve\u00adlo\u00adper PikeTec GmbH (\u201cPikeTec\u201d) to Synop\u00adsys, Inc. a global leader in elec\u00adtro\u00adnic design [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":49278,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1368,1369,1378],"tags":[],"class_list":["post-49280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-consultants-auditors","category-investors","category-management-consultant-investor-relations"],"yoast_head":"\n
\nSince the entry of GEP V in 2019, the soft\u00adware specia\u00adlist foun\u00added in 2007 by Dr. Eckard Bring\u00admann, Andreas Kr\u00e4mer and Dr. Jens L\u00fcde\u00admann<\/strong> has deve\u00adlo\u00adped signi\u00adfi\u00adcantly and successfully initia\u00adted the adapt\u00ada\u00adtion of its busi\u00adness model from a clas\u00adsic licen\u00adsing to a soft\u00adware subscrip\u00adtion busi\u00adness model (\u201cSaaS\u201d). With ECM\u2019s support, PikeTec has pushed ahead with its inter\u00adna\u00adtio\u00adna\u00adliza\u00adtion and has ente\u00adred into successful sales part\u00adner\u00adships, parti\u00adcu\u00adlarly in the fast-growing Asian markets of India and China. This success is under\u00adpin\u00adned by signi\u00adfi\u00adcant reve\u00adnue growth as well as a signi\u00adfi\u00adcant increase in the share of recur\u00adring soft\u00adware reve\u00adnue. In addi\u00adtion, PikeTec has increased the number of its employees by more than 50 percent during this time and has adapted its orga\u00adniza\u00adtio\u00adnal struc\u00adtures to the dyna\u00admic growth of the company, thus laying the foun\u00adda\u00adti\u00adons for further expan\u00adsion in the future.<\/p>\n
\n<\/strong>
\nWith a team of around 60 soft\u00adware deve\u00adlo\u00adpers and engi\u00adneers, the company is now one of the leading provi\u00adders of test\u00ading soft\u00adware. PikeTec combi\u00adnes the deve\u00adlo\u00adp\u00adment of stan\u00addard test soft\u00adware with Test\u00ading-as-a-Service services to provide a unique test auto\u00adma\u00adtion offe\u00adring. The company\u2019s Time Parti\u00adtion Test\u00ading (TPT) test\u00ading tool enables embedded soft\u00adware programs to be tested more accu\u00adra\u00adtely and effi\u00adci\u00adently than with other methods. PikeTec\u2019s focus is on early soft\u00adware deve\u00adlo\u00adp\u00adment stages such as model and soft\u00adware-in-the-loop. The soft\u00adware specia\u00adlis\u00adt\u2019s core market is the auto\u00admo\u00adtive indus\u00adtry, with OEMs and Tier 1 suppli\u00aders as its main custo\u00admers. With its tools, PikeTec serves custo\u00admers in around 20 count\u00adries worldwide.<\/p>\n
\n<\/strong>
\nECM is a trus\u00adted part\u00adner for medium-sized compa\u00adnies and entre\u00adpre\u00adneurs in German-spea\u00adking Europe. Since 1995, ECM has laun\u00adched the GEP I\u2011V equity funds with a total volume of more than \u20ac1 billion and is curr\u00adently inves\u00adt\u00ading from the fifth fund GEP V (\u20ac325 million). The funds invest prima\u00adrily in leading medium-sized compa\u00adnies with attrac\u00adtive growth poten\u00adtial in the course of succes\u00adsion plan\u00adning, part\u00adner\u00adship invest\u00adments and corpo\u00adrate spin-offs. www.ecm-pe.de<\/p>\n
\n<\/strong>
\nPikeTec was foun\u00added in Berlin in 2007 by Dr. Eckard Bring\u00admann, Andreas Kr\u00e4mer and Dr. Jens L\u00fcde\u00admann. Today, the company is one of the leading provi\u00adders of specia\u00adli\u00adzed test\u00ading soft\u00adware with a team of around 60 soft\u00adware deve\u00adlo\u00adpers and engi\u00adneers. PikeTec deve\u00adlops the test tool TPT and also offers engi\u00adnee\u00adring services. PikeTec advi\u00adses compa\u00adnies in the field of test\u00ading safety-rele\u00advant embedded systems, performs test mode\u00adling, execu\u00adtion and evalua\u00adtion for exter\u00adnal custo\u00admers and is also active in test tool deve\u00adlo\u00adp\u00adment and inte\u00adgra\u00adtion. The TPT test tool is compa\u00adti\u00adble with various safety stan\u00addards and is used in all soft\u00adware deve\u00adlo\u00adp\u00adment phases (MiL, SiL, PiL, HiL). www.piketec.com<\/p>\n","protected":false},"excerpt":{"rendered":"