Volpi raises EUR 250m continuation vehicle for 2016-vintage assets

Schroders Capital is the anchor investor for the secondary vehicle, Volpi Capital Investments Conti, which also saw support from existing investors, several new institutional investors and the Volpi team.

The transaction allows for a full realisation of Fund I, which sits within the top 5% of funds based on performance, said the sponsor in a statement. 

Volpi launched its first fund in 2016, holding a final close on EUR 185m in 2Q28. The vehicle also held Irish digital transformation group Version 1 and UK-based medical services insourcing group Medinet. 

It sold the former to Partners Group in April 2022 and the latter to Fremman Capital more recently. 

For Cyclomedia, the company's management and Volpi III will co-invest dirctly alongside the continuation fund. Since Volpi's EUR 100m acquisition in 2018, the business has tripled in size and added significant revenue exposure in the US and new European markets. 

Volpi said that the additional capital and extended time will drive further value creation, via the roll-out of new product initiatives as well as strategic bolt-ons. 

Companies
Cyclomedia is an international provider of intelligent street-level geospatial data and information solutions. It specialises in the capture and processing of large-scale systematic visualisations of physical environments using specialised technology to collect 360˚ spherical imagery. Headquartered in the Netherlands, the company employs more than 250 full-time employees and operates across Europe and North America.

Digital Barriers is a provider of edge-intelligent software solutions and cloud services for the global surveillance and security markets. Their main product is EdgeVis, a technology for zero-latency video streaming, even over severely bandwidth-constrained and congested networks. DB also provides video analytics software for intrusion detection, and military-spec facial recognition software.

Advisors
Volpi Capital - Rede Partners (placement agent); Allen & Overy, Macfarlanes (joint legal advisors). 
Schroders Capital - Stephenson Harwood (legal). 

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