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Private Equity
volpicapital.com

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Investments

7

Funds

3

About Volpi Capital

Volpi Capital invests in European businesses with enterprise values of up to €200 million. It is looking to partner with ambitious management teams focused on rapidly expanding their companies.

Volpi Capital Headquarter Location

207 Sloane Street

London, England, SW1X 9SH,

United Kingdom

+44 0 20 7290 8550

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Latest Volpi Capital News

Asolvi Acquires Momote; Enters Traffic Management and Highways Maintenance Sectors

Sep 16, 2021

Written by Viking Venture 16. sep 2021 Picture: Pål Rødseth, CEO of Asolvi Asolvi, a Viking Venture portfolio company, is pleased to announce that it has acquired UK-based Momote, the company behind the innovative SaaS solution MyMobileWorkers (“MMW”). MyMobileWorkers is one of the UK’s most successful mobile workforce solutions for the traffic management and highways maintenance sectors. The deal will see Asolvi acquire 100% of Momote and adding the highly skilled Momote team to the expanding Asolvi UK organisation. MyMobileWorkers is a highly scalable, cloud-based SaaS platform that helps businesses manage their workforces and optimise operations. It records vital data and enforces photos and signatures, while also including calendar, scheduler, customer portal, and alerts delivery modules. The company, which is heavily focused on National Highways Sector Schemes (NHSS), also deploys its software across civil engineering, concrete services, fencing, street lighting, groundworks, and road maintenance. In addition, MyMobileWorkers is used by field service, property maintenance, and waste businesses. Since its inception, Momote has built an impressive customer base, including Highway Assurance, Direct Traffic Management, Herts Traffic Management, and National Roadsweepers. Momote’s acquisition demonstrates the strategic importance Asolvi places on building brand presence in the traffic management and highways maintenance sectors — areas where Asolvi’s management, board and investors believe there is strong future growth potential. Commenting on the transaction, Pål M. Rødseth, CEO of Asolvi, said: – Asolvi’s solutions ensure people and products get to the right place at the right time — and that jobs are completed in a way that adheres to company policy and compliance-based legislation as well as increasing productivity. Asolvi’s existing solutions automate many of these processes, freeing businesses to work smarter and more efficiently. As such, bringing MyMobileWorkers under the Asolvi umbrella makes a lot of sense. Of course, we’re now able to look at completely new vertical sectors and draw on the experience of the Momote team. As Asolvi is a pan-European SaaS company we do see an opportunity to export the MMW solution to other Asolvi markets. It’s definitely a win/win scenario for everyone involved. Graham Whistance, CEO of Momote, added: – Joining the Asolvi family is a logical step for us. Bringing together our experience will help build on our proven track record, add resources, and further develop the platform — all at a much faster pace than we could have achieved ourselves. On this momentous day, I reflect on our status as one of the UK’s leading mobile workforce management solutions providers. I can’t wait to see how Asolvi will help entrench this position and to witness all the positive benefits that its long-term investment will deliver for all of us. Liverpool Seed Fund Context and Commentary: The sale has also provided an exit for the Liverpool Seed Fund, managed by MSIF’s wholly owned fund manager subsidiary Alliance Fund Managers (AFM), who invested to support the growth of the business. Marion Savill, AFM Portfolio Director said – Being part of the Asolvi group creates exciting new opportunities for the Momote business to expand further into new markets. We are delighted to see another portfolio exit and we wish them every success for the future. Erik Berggren of Volpi Capital said: – We’re excited to support Asolvi in their focused buy- and-build strategy. Momote is the third add-on in less than 12 months and the acquisition will deepen Asolvi’s vertically specific expertise, whilst providing the opportunity to expand the footprint of MyMobileWorkers across Europe. We welcome the Momote team to the ever-growing Asolvi family and very much look forward to working together. Jostein Vik of Viking Venture said: – We are very enthusiastic about the acquisition of Momote, as it opens up another exciting vertical within the field service management space Financial terms of the deal were not disclosed, LegalEdge and Deloitte acted as advisors to Asolvi. The team at LegalEdge was led by James Downey and the Deloitte team was led by Darren Graves. Thierry Levenq of Connecting Advisors acted as sole corporate finance advisor to Momote. Legal advice to the shareholders was provided by Brabners LLP. The team at Brabners was led by partner Andrew O’Mahony and included legal director Daniel Hayhurst and associate Alex Thow. About Asolvi With decades of combined experience developing solutions for a variety of field service sectors, Asolvi’s products support thousands of engineers, millions of contracts, and tens of millions of service tasks. Its mission is to continue creating, deploying and refining new functionality and solutions for the largely under-served SME market, through close customer relations and strategic partnerships. Asolvi is a leading provider of service management software for small and medium-sized enterprises (SMEs) in the field service industry in Europe, employing more than 140 staff in ten offices across the continent. The company was founded in 1991 in Trondheim, Norway, and has grown organically and through recent acquisitions to reach 1,600+ customers in 35+ countries. It is headquartered in Trondheim, Norway, and is a private company owned by Volpi Capital, Viking Venture and the Management. More information about Asolvi’s services can be found at: https://asolvi.com. About Momote For almost two decades, Momote has been providing businesses with industry leading mobile working solutions in order to help companies manage their workforce and jobs more effectively. In what began with offering larger clients such as Kier, Autoglass and Bensons bespoke solutions for their mobile workforce, Momote developed an off the shelf solution (MyMobileWorkers) to unlock an easier way of working for companies of all sizes and budgets. The MyMobileWorkers platform is heavily customisable, offering a bespoke solution at an off the shelf price. MyMobileWorkers has helped clients not only replace paper processes, but also force a safe process for mobile workers to follow whilst on site, allowing them to provide indisputable proof of work should they receive any fines or complaints. Although it can be used by any company with mobile workers, MyMobileWorkers has become the leading solution in the highways industry due to its ability to create a transparent and safe work environment for those that work on the road. Recent Posts

Volpi Capital Investments

7 Investments

Volpi Capital has made 7 investments. Their latest investment was in Adacta Fintech as part of their Private Equity on September 9, 2021.

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Volpi Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/8/2021

Private Equity

Adacta Fintech

Yes

1

11/18/2020

Private Equity

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$99M

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10

8/21/2019

Private Equity

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$99M

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10

8/20/2018

Private Equity

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$99M

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10

4/19/2018

Private Equity

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$99M

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10

Date

9/8/2021

11/18/2020

8/21/2019

8/20/2018

4/19/2018

Round

Private Equity

Private Equity

Private Equity

Private Equity

Private Equity

Company

Adacta Fintech

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Volpi Capital Acquisitions

3 Acquisitions

Volpi Capital acquired 3 companies. Their latest acquisition was Boyum IT Solutions on October 21, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/21/2020

Acq - Fin

1

9/5/2019

Acq - Fin

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$99M

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10

10/11/2017

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$991

$99M

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10

Date

10/21/2020

9/5/2019

10/11/2017

Investment Stage

Acq - Fin

Companies

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Valuation

$991

Total Funding

$99M

$99M

Note

Acq - Fin

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Sources

1

10

10

Volpi Capital Fund History

3 Fund Histories

Volpi Capital has 3 funds, including Volpi Capital Investments II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/3/2020

Volpi Capital Investments II

$393.12M

3

4/17/2018

Volpi Capital Fund I

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$99M

10

Volpi Capital Investments I

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$99M

10

Closing Date

1/3/2020

4/17/2018

Fund

Volpi Capital Investments II

Volpi Capital Fund I

Volpi Capital Investments I

Fund Type

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Status

Amount

$393.12M

$99M

$99M

Sources

3

10

10

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