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.