Capstone Partners advised LDRA Ltd.—a leader in automated software verification, traceability and standards compliance—on its sale to TASKING Germany GmbH, a portfolio company of FSN Capital.
For more than 45 years, LDRA has developed and driven the market for software that automates code analysis and software testing for safety-, mission-, security-, and business-critical markets. Working with clients to achieve early error identification and elimination and full compliance with industry standards, LDRA’s extensive reporting capabilities help critical application development teams to mitigate risk and demonstrate compliance to functional safety and security standards. LDRA’s certification services complement the LDRA tool suite offering with industry-specific subject matter expertise. Boasting a worldwide presence, LDRA has headquarters in the United Kingdom, United States, Germany, and India, as well as an extensive distributor network. For more information, visit LDRA here.
The integration of LDRA technologies further enhances TASKING’s safety- and security-oriented software ecosystem and broadens its capabilities as a trusted partner for embedded software development tools and services.
Through a long process, the Capstone team was steadfast and behind us all the way with their expertise, helping to make it as close to ‘easy’ as possible. They were incredibly professional and reliable every step of the way. Without them, the deal would not have come to a successful outcome.
David Desimone, Managing Director at Capstone Partners, added, “The sale of LDRA marks Capstone Partners’ fifth transaction in the software test automation space. We are excited for the shareholders and employees at LDRA to begin a new chapter as part of a combined organization which will continue to provide development tools for mission-critical software developers around the globe.”
“With the acquisition of LDRA, we offer our customers a comprehensive portfolio to support the software development for safety-critical applications in a wide range of markets, including aerospace and automotive,” confirms Gregor Zink, CEO of TASKING.
TASKING is a leading provider of embedded software development tools, primarily serving safety-critical applications. Founded in 1977, they have a rich history of developing performance-driven compilers and integrated development environments (IDEs) that enable manufacturers and Tier-1 suppliers to create innovative safety-critical applications. For more information, visit TASKING here.
Established in 1999, FSN Capital Partners is a leading Northern European private equity firm and investment advisor to the FSN Capital Funds, with €4 billion under management. FSN Capital Funds make control investments in growth-oriented Northern European companies, to support further growth and to transform companies into more sustainable, competitive, international, and profitable entities. Learn more about FSN Capital here
The expert investment banking professionals on Capstone Partners’ Technology Team work with leading middle market companies operating in the Application Development market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Technology Banking Team, here.
