Bain & Co joins CVC to back EcoVadis

Bain & Company's investment was coupled with EcoVadis's recently secured $200m funding from CVC Growth Partners in January 2020.

The GP deployed capital from its CVC Growth Partners II fund, which closed on $1.6bn in November 2019. The vehicle targets majority and minority stakes in mid-market technology companies based in North America and Europe, and deploys equity tickets in the $50-200m range.

Previously, the group received $1.4m from business angels in 2007, shortly after it was launched. It then raised an extra $2.5m in debt funding in 2014. EcoVadis first received institutional backing in 2016, when Partech invested €30m in the business via its Partech Growth Fund.

Founded in 2007, EcoVadis supplies ratings and aims to help improve the environmental and social performance of around 450 companies. It employs 550 people across offices in France, the US, the UK, Germany, Poland, Canada, Tunisia, Mauritius, Hong Kong, Japan, Australia and Spain, among others.

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