FPE Capital leads growth investment into Global App Testing
Summary
These customers now rely on Global App Testings impact-first approach to quality, allowing Agile and DevOps teams to release faster and more often. This market growth is underpinned by a raft of favourable drivers and these tailwinds have seen the company achieve 50% growth in ARR in recent years.FPE Capital has a successful track record in backing software businesses with a focus on market leading, quality products and strong, client focused, cultures. Alongside FPEs investment, Santander has provided debt facilities to finance the transaction.We could immediately see the value that Ronald and Owais had built and we developed a very positive chemistry with them as we discussed with them the next steps in supporting their continued growth. Owais Peer, Co-Founder at Global App TestingThe FPE investment was led by Henry Sallitt, Llewellyn John, Chris Kay and Claire Sweet. FPE was advised on the transaction by Stephenson Harwood (Legal), Fairgrove Partners (Commercial), Intechnica (IT Diligence), RSM (Financial), Continuum (Management) and FRF (Debt advisory).Santander provided debt facilities to the Company as part of the investment.The shareholders of Global App Testing were advised by AGC Partners (Financial), Grant Thornton (Tax), and Osborne Clarke and Ashfords (Legals).
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