M&A Deal Summary

Volpi Capital Acquires Asolvi

On September 5, 2019, private equity firm Volpi Capital acquired software company Asolvi from Viking Venture

Acquisition Highlights
  • This is Volpi Capital’s 2nd transaction in the Software sector.
  • This is Volpi Capital’s 1st transaction in Norway.

M&A Deal Summary

Date 2019-09-05
Target Asolvi
Sector Software
Buyer(s) Volpi Capital
Sellers(s) Viking Venture
Deal Type Secondary Buyout

Target

Asolvi

Trondheim, Norway
Asolvi is a provider of service management software for small and medium-sized enterprises (SMEs) in a range of field service industries including printing and copying; alarm, fire and security; and vending machines. Asolvi was founded in 1991 and is based in Trondheim, Norway.

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Buyer(S) 1

DESCRIPTION

Volpi Capital LLP is a private equity firm focused on control investments in tech-enabled B2B service companies that use enabling technologies to address mission critical needs. Volpi seeks opportunities throughout Northwest Europe and will consider opportunities valued from €50 to €200 million. Volpi Capital LLP was formed in 2016 and is headquartered in London.


DEAL STATS #
Overall 6 of 13
Sector (Software) 2 of 6
Type (Secondary Buyout) 3 of 6
Country (Norway) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 CLEVR

Amersfoort, Netherlands

CLEVR is a low-code and no-code Software-with-a-Service (SWAS) solutions provider and the largest global Mendix expert partner. Managers overseeing the digitalization of their companies need skilled and experienced developers to help extract all the value and benefits available from low- and no-code development tools. CLEVR was founded in 1991 and is based in Amersfoort, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Moving Intelligence

Zaltbommel, Netherlands

Moving Intelligence provides advanced proprietary services in the fields of vehicle security, trip registration, fleet management, workforce monitoring, and asset tracking. Moving Intelligence works with a wide range of national and international OEMs, leasing companies, insurers, corporates, and SMEs across various industries including workforce management, asset management, and construction, amongst others. Moving Intelligence was founded in 1999 and is based in Zaltbommel, Netherlands.

Buy -

Seller(S) 1

SELLER

Viking Venture

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 4.0B NOK
Size Middle-Market
Type Sector Focused
DESCRIPTION

Viking Venture is a early to later stage investment firm that looks to invest in fast-growing Scandinavian start-ups. The Firm has a preference for B2B software companies looking to expand operations globally. Viking Venture was formed in 2001 and is headquartered in Trondheim, Norway.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Norway) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Humly

Gothenburg, Sweden

Humly is a Swedish Edtech company. Humly want to make teaching more accessible by making it easy to find bespoke teaching jobs directly in the digital marketplace. The platform provides the right basis and support for you to do a good job, and get paid properly. Humly was founded in 2015 and is based in Gothenburg, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-05 Tamigo

Copenhagen, Denmark

Tamigo develops workforce management platform that has combined a number of employee related tasks into one unified workforce management solution used by over 150,000 users in 18 countries, in particular within retail and hospitality. Employees can easily check in or exchange shifts, payroll automatically receives the correct data to ensure accurate salaries are paid, and management can benchmark across departments and countries. Tamigo was founded in 2006 and is based in Copenhagen, Denmark.

Buy -