- GREENPEAK Partners will maintain significant equity ownership in Certania
- The transaction is expected to close in Q4 of 2023
- Summit Partners is a global alternative investment firm
Summit Partners has made a growth investment in Certania, a provider of testing, inspection, and certification (TIC) services focused on addressing global challenges across health and sustainability.
No financial details of the transaction were disclosed.
Certania is based in Munich, Germany.
GREENPEAK Partners, Certania’s founding investor, will maintain significant equity ownership in the company.
“Certania has achieved impressive scale in just three years since the company’s founding, and we believe the platform offers a unique opportunity for independent TIC providers who are looking to expand their reach and impact,” said Johannes Grefe, MD at Summit Partners. “We look forward to working together with co-CEOs Karsten and Moritz and Daniel Beringer at GREENPEAK to build upon Certania’s impressive momentum and support continued organic and acquisition-driven growth.”
Grefe will join Certania’s board of directors.
The capital will be used to support Certania’s acquisition strategy, according to a release.
The transaction, subject to regulatory approval, is expected to close in Q4 of 2023.
GREENPEAK is a service company builder and alternative asset operator. The company is based in Munich, Germany.
Summit Partners is a global alternative investment firm that currently manages over $37 billion in capital. The firm is based in Boston, Massachusetts.