ECM acquires Piketec

ECM will use equity from its German Equity Partners V fund. The vehicle closed on €325m in June 2018 and invests in companies with enterprise values of €20-80m, making investments of between €10-40m.

The Piketec founders will stay in their positions in the management team. The founders want to capture significant growth potential by staying on with the company, according to a statement.

The capital will be invested in sales, internationalisation, the introduction of new software products, and an expansion into new application areas.

Company
Founded in 2007 and based in Berlin, Piketec provides test software and advises companies in the field of testing safety-relevant embedded systems. It also assumes test modelling, execution and evaluation for external customers, and performs test tool development and integration. The company employs 50 people.

People
ECM Equity Capital Management – Florian Kähler (partner, management director).
Piketec – Eckard Bringmann, Andreas Krämer, Jens Lüdemann (founders).

Advisers
Equity – Milbank (legal); Berylls Strategy Advisors (commercial due diligence); Ebner Stolz (financial due diligence, tax); Intuitus (IT due diligence); Willis Towers Watson (insurance due diligence).
Company – Carlsquare (M&A); Dittmar Lawyers (legal); BWLS Strunk Stoffersen (tax).

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• Topics
• Buyouts
• DACH
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• ECM Equity Capital Management
• Germany