TLT advises Trinitatum on majority investment from Literacy Capital

National law firm TLT has advised the shareholders of test automation software provider Trinitatum, on a majority investment from Literacy Capital.  

London-based Trinitatum, founded in 2013 by Jed Dalton and Steve Baker, has spent ten years developing and refining its proprietary software, Triangle, to optimise its test automation solutions, which integrate with customers’ platforms in the energy and financial trading sectors.

This deal will see Trinitatum’s founders continue their involvement with the company, while Literacy will assist in further building a full executive team to maximise the potential of the business. The new partnership will further expand and help Trinitatum respond to the inbound approaches received from new international customers.

The TLT team was led by partner Ian Roberts, with support from senior associate Kirsty Wilson and managing associate Nicola Bilner in the corporate team. The deal also required cross-practice support from legal director William Ngan and associate Tom Little in the firm’s tax team, partner Liz Cotton and senior associate Katie Barclay in the employment team, managing associate Paul Brock in the banking team and managing associate Julie Nixon in the Commercial team. 

The shareholders were advised by Mughees Saleem, Dave Gardner and Anne Pritchard from KBS Corporate Finance throughout the process.

Steve Baker, co-founder of Trinitatum said: “It was important to find the right investment partner who could support the business during the next leg of its growth trajectory and the transaction is a great result for all parties.

“This process had the potential to be enormously hectic and stressful, but TLT’s professionalism and patience has been instrumental to the smooth completion of a hugely important strategic step for the company.

Ian Roberts, partner at TLT commented: “This transaction is indicative of a broader uptick in M&A activity which we have observed in comparison to this time in 2024.

“It was a pleasure to help Trinitatum on the deal with Literacy which will provide exciting opportunities for all parties. We are looking forward to watching the partnership continue to grow and develop.”

Mughees Saleem, director at KBS CF added: “Steve and Jed have built an incredibly successful business in a niche market, underpinned by strong relationships with key players in their industry. Therefore, it was important to find the right investment partner who could support the business during the next leg of its growth trajectory and the transaction is a great result for all parties.”