Press releases | Private Equity & Financial Sponsors, Finance, Tax | 29 Sep 2016

Marlin Equity Partners aquires Qualitest Ltd

Overview

Travers Smith LLP has advised Marlin Equity Partners ("Marlin") on its acquisition of a majority interest in QualiTest Ltd ("Qualitest").  A minority stake was retained by QualiTest President Ayal Zylberman.

The Travers Smith team was led by private equity partner James Renahan, supported by associates David Wall and Robert Coward. The Travers Smith finance team, led by partner Donald Lowe and supported by Adeola Adesola and Will Sheridan, advised Marlin in respect of the debt package provided by Investec Bank plc and Silicon Valley Bank (the "Banks"). Tax advice was provided by Travers Smith tax partner Kathleen Russ, supported by Silvana Van der Velde.  

Founded in 1988, Qualitest is the world's second largest software testing and business assurance services company.  It was founded in Israel and has since expanded into the United States and the United Kingdom. Qualitest has more than 500 blue chip clients from a variety of sectors including financial services, technology, and healthcare.

Goldfarb Zeligman provided Israeli law advice to Marlin and Deloitte LLP provided corporate finance advice to Marlin. Zemah Schneider & Partners provided advice to Ayal Zylberman, the other selling shareholders and the re-investing management team of Qualitest. DLA Piper UK LLP provided advice to the Banks.