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Volpi Capital invests In Profit Software

Posted on 27th November 2020

Volpi Capital invests in Profit Software

London, 27 November 2020: Volpi Capital (“Volpi”), a specialist European lower mid-market private equity firm, announces its ninth investment with the management buyout of Profit Holding Oy (“Profit”). As part of the transaction, the management team will also re-invest alongside Volpi.

Profit is an independent software and consultancy services vendor focusing on banks and insurance companies, also offering a wide range of expertise and services within business analytics and data management across multiple industries. The company operates out of six offices across Finland, Sweden and Estonia.

“We are very excited about commencing the next stage of our growth journey in partnership with a leading technology investor such as Volpi. We have had a very successful journey and are looking forward to further acceleration of our Nordic expansion supported by Volpi Capital”, says Ilkka Starck, CEO at Profit.

Marco Sodi, Volpi Capital commented: “For many years now we have been looking at providers of software and services to the financial services and insurance industry. As part of our thematic research in the space we identified Profit as uniquely positioned as a digital transformation and insurtech leader”. The platform has both a significant organic and buy and build opportunity for future growth.

“We see great potential to further expand the business across the Nordics as the financial services and insurance sectors rapidly digitalise. The company has gained strong momentum in recent years and we very much look forward to working closely in partnership with Ilkka and his experienced team, to accelerate their successful double digit growth”, added Yuri Mikhalev, Volpi Capital.

Volpi Capital was advised by Roschier.

Media enquiries Volpi Capital
Samantha Lang
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About Volpi Capital

Volpi Capital is a specialist European lower mid-market private equity firm. Volpi has a thesis-driven approach targeting ambitious businesses using enabling technologies to disrupt traditional B2B value chains. Volpi typically invests €25-75 million of equity in businesses with enterprise values between €50 million and €200 million, and seeks to drive transformative growth through international expansion and consolidation. The firm was founded in 2016 by Crevan O’Grady and Marco Sodi