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ECM-managed PE fund sells software company PikeTec to Synopsys

German Equity Partners V (GEP V), a fund managed by independent German investment company ECM Equity Capital Management (ECM), has sold its majority stake in Berlin software developer PikeTec to Synopsys, a US-based specialist in electronic design automation (EDA) and semiconductor IP. 

PikeTec specialises in testing and verifying the functionality of embedded software, with a focus on the automotive industry. The parties have agreed not to disclose the purchase price of the transaction nor the terms of the deal, which closed at signing.

The deal marks ECM’s second successful exit so far in 2023 following the sale of the Dermatologikum Group.

GEP V was advised on this transaction by Houlihan Lokey (M&A), Milbank (legal and structuring), Roland Berger (commercial) and Ebner Stolz (financial & tax). Florian Kähler, Jan-Luca Bell and Benedikt Müller were responsible for the transaction at ECM.

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