Volpi buys Viking's Asolvi

The GP will take a majority stake in Asolvi alongside the management team and plans to support further acquisitive growth across Benelux, DACH and the UK.

Volpi closed its debut fund on €185m in 2016, with the expectation of making six platform investments. Assuming that Asolvi is drawn from this vehicle, it will be the sixth platform.

The sale comes five years after Viking's original investment; the firm drew the original investment from its NOK 360m fund Viking Venture II and will retain a minority alongside Volpi.

Previous funding
Since Viking's 2014 buyout of Asolvi, it has supported five bolt-ons in the Nordic region (Tesseract, WS Software, Purpose Software, Vantage Computing, and PC Data).

Company
Asolvi was founded in 1991 and is headquartered in Trondheim. It provides service management software to companies in a range of industries including printing and copying; alarm, fire and security; and vending machines. It employs 100 people across 10 offices.

People
Volpi Capital – Marco Sodi (co-founder).
Asolvi – Pål M Rødseth (CEO).

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