Key Takeaways
- • Bregal Milestone, a European growth-focused private equity firm, announced a majority investment in Asolvi, a field service management (FSM) software provider.
- • Asolvi, founded in 1991 and headquartered in Trondheim, Norway, serves more than 2,000 customers across the UK, DACH countries, Scandinavia, Spain and Latin America.
- • Bregal Milestone is acquiring its stake from Volpi Capital and Viking Growth.
- • CEO Nick Barnett and the management team are reinvesting alongside Bregal Milestone.
- • The capital will fund AI-driven planning, inspection and compliance workflows, cloud development and acquisitions across Europe and Latin America.
Summary
Bregal Milestone, a London-based European private equity firm focused on growth investing, has announced a majority investment in Asolvi, according to a Business Wire release. Asolvi develops field service management software for sectors where compliance is essential and which rely heavily on capital equipment.
Asolvi was founded in 1991 and is headquartered in Trondheim, Norway. The company serves more than 2,000 customers in the United Kingdom, the DACH countries, the Nordic countries, Spain and Latin America. Bregal Milestone is acquiring its stake from existing shareholders Volpi Capital and Viking Growth. Chief Executive Nick Barnett and the wider management team are reinvesting alongside the new majority owner, a signal of continued management alignment after the transaction.
The announced investment is intended to bring artificial intelligence into Asolvi's planning, inspection and compliance workflows, and to fund cloud development and acquisitions across Europe and Latin America. The release does not disclose the transaction value or the equity split between the new and existing shareholders.
Asolvi was founded in 1991 and is headquartered in Trondheim, Norway. The company serves more than 2,000 customers in the United Kingdom, the DACH countries, the Nordic countries, Spain and Latin America. Bregal Milestone is acquiring its stake from existing shareholders Volpi Capital and Viking Growth. Chief Executive Nick Barnett and the wider management team are reinvesting alongside the new majority owner, a signal of continued management alignment after the transaction.
The announced investment is intended to bring artificial intelligence into Asolvi's planning, inspection and compliance workflows, and to fund cloud development and acquisitions across Europe and Latin America. The release does not disclose the transaction value or the equity split between the new and existing shareholders.
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