SonarSource’s $412 Million Growth Equity Financing

Homburger advised General Catalyst on the deal, with Kirkland & Ellis as transaction counsel.

SonarSource, the leading platform for clean code, announced a growth equity financing by General Catalyst, Advent International, Insight Partners, and Permira’s Growth Opportunities Fund.

The financing raised USD 412 m in new investment and values SonarSource at USD 4.7 bn. SonarSource will use the investment to grow its go-to-market team globally as the company drives toward USD 1 bn in revenue.

SonarSource’s industry leading solution enables developers and development teams to write clean code and remediate existing code organically, so they can focus on the work they love and maximize the value they generate for businesses. 

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. General Catalyst is a venture capital firm that makes early-stage and transformational investments. 

The Homburger team included partner Andreas Müller (Picture), senior associate Anna Peter (both Corporate / M&A; Technology and Digital Economy), associates Claudine Schär and Léonard Aeschlimann and junior associate Nicolas Wetzel (all Corporate / M&A), partner Reto Heuberger and associate Philippe Gobet (both Tax) as well as partner Luca Dal Molin and associate Joel Fink (both IP / IT; Technology and Digital Economy). 

The Kirkland team was led by corporate partner Christian Atwood and associate Nils Remole, with assistance from corporate partner Hendrik Braun and associates Brian Prewitt and Jan Mahlke, technology & IP transactions partners Aaron Lorber and John Patten and associate Kevin Jacobsen, tax partner Lee Morlock and associate Steven Cantor, international trade & national security partner Luci Hague and associate Billy Phalen, and ESG & Impact partner Mary Beth Houlihan.

Involved fees earner: Léonard Aeschlimann Perales – Homburger; Luca Dal Molin – Homburger; Joel Fink – Homburger; Philippe Gobet – Homburger; Reto Heuberger – Homburger; Andreas Müller – Homburger; Anna Peter – Homburger; Claudine Schär – Homburger; Nicolas Wetzel – Homburger; Christian Atwood – Kirkland & Ellis; Hendrik Braun – Kirkland & Ellis; Steven Cantor – Kirkland & Ellis; Luci Hague – Kirkland & Ellis; Mary Beth Houlihan – Kirkland & Ellis; Kevin Jacobsen – Kirkland & Ellis; Aaron Lorber – Kirkland & Ellis; Jan Mahlke – Kirkland & Ellis; Lee Morlock – Kirkland & Ellis; John Patten – Kirkland & Ellis; William Phalen – Kirkland & Ellis; Brian Prewitt – Kirkland & Ellis; Nils Remole – Kirkland & Ellis;

Law Firms: Homburger; Kirkland & Ellis;

Clients: General Catalyst Group V, L.P.; General Catalyst Partners;

Federica Tiefenthaler

Author: Federica Tiefenthaler