
CVC Growth Partners invests $200m in EcoVadis
Private equity firm CVC Growth Partners has agreed to invest $200m in EcoVadis, a France-headquartered provider of corporate social responsibility (CSR) ratings and scorecards.
The GP will draw equity from CVC Growth Partners II, which closed on $1.6bn in November 2019. The vehicle deploys equity tickets in the $50-200m range.
The fresh capital will help EcoVadis to expand internationally and accelerate product development.
Previous funding
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 the Partech Growth Fund, which closed on €400m in 2016.
Company
Founded in 2007, EcoVadis supplies ratings and aims to help improve the environmental and social performance of around 450 companies. It uses an evidence-based assessment methodology, delivered via a software-as-a-service platform and backed by a team of CSR analysts. The business is headquartered in Paris.
People
EcoVadis – Frédéric Trinel, Pierre-Francois Thaler (co-founder, co-CEO).
CVC Growth Partners – Aaron Dupuis (senior managing director); Sebastian Kuenne (managing director).
Partech – Omri Benayoun (general partner).
Advisers
Equity – Goldman Sachs (corporate finance).
Company – GP Bullhound (corporate finance).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Czech Republic-headquartered family office is targeting DACH and CEE region deals
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds