European lower midmarket private equity firm Volpi Capital LLP completed the management buyout of Asolvi AS, which provides service management software, from Viking Venture AS.
As part of the transaction, financial terms of which were not disclosed, Volpi will acquire a majority stake in Asolvi. Viking Ventures will remain a significant minority stakeholder in Asolvi.
Norway-based Asolvi provides service management software for small and medium-sized enterprises in field service industries, including printing and copying; alarm, fire and security; and vending machines.
