LONDON – October 30, 2018 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Omada on its strategic investment from CVC Capital Partners’ Growth Fund and GRO Capital.
Based in Copenhagen, Denmark, Omada is a market-leading provider of IT security solutions and services for identity management and access governance. The Company helps its customers globally to govern and control users’ access rights to enterprise systems and data, reduce risk of accidental or wrongful data access, and ensure compliance with regulation (such as GDPR) as well as industry-specific legislation. Omada provides its solutions and services to an extensive customer portfolio of large and midsize enterprises globally within banking, utilities, public sector, securities and insurance, healthcare, and other verticals. Omada has a global partner network across Europe, the US, Africa, and Asia.
“By partnering with US-based CVC Capital Partners and Denmark-based GRO Capital, Omada has assembled a world class investment team to help capitalize on a significant global market opportunity. This transaction represents another example of how Mooreland helps pair great companies with leading investors on both sides of the Atlantic,” said Victor Garcia, Managing Director at Mooreland Partners. CVC Capital Partners and GRO Capital will partner with Omada’s management team to further accelerate Omada’s product innovation, grow its partner network in North America and Europe, enhance sales and marketing efforts, as well as continue expanding its strong position in Europe and building greater depth in the North American market. “This transaction further demonstrates Mooreland Partners’ position as the leading global M&A advisor in the security software sector,” added Brad Topchik, Managing Director, Mooreland Partners.
Morten Boel Sigurdsson, Omada CEO, commented on the cooperation between Omada and Mooreland: “Transactions like this are intense and complex, and all along the process, I appreciated the professionalism, energy and experience of the Mooreland team.”
About CVC Capital Partners
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 24 offices and over 490 employees throughout Europe, Asia and the U.S. To date, CVC has secured commitments of over $110 billion from some of the world’s leading institutional investors across its private equity and credit strategies. In total, CVC currently manages over $50 billion of assets. For further information about CVC please visit: www.cvc.com.
About CVC Growth Partners
In 2014, CVC formed a new team to target smaller growth-oriented companies through its dedicated CVC Growth Partners fund. The fund focuses on middle-market high-growth companies in the software and technology-enabled business services sectors. The fund primarily targets equity investments between $50 million and $200 million in North America and Europe.
About GRO Capital
GRO Capital is a North European private equity fund with an exclusive focus on mature B2B software and tech enabled companies with strong growth prospects. GRO Capital serves as active owners developing portfolio companies with a view to create long-term value. The partners behind GRO Capital have been investors in more than 20 technology and software related companies. For further information about GRO Capital please visit: www.grocapital.dk.
About Omada A/S
Omada is a market-leading provider of IT security solutions and services for identity management and access governance. The company’s innovative product portfolio delivered as a service and on-premise offers customers an integrated set of core services including identity lifecycle management, compliance control, provisioning, and access risk management across hybrid environments and delivers out-of-the box standardized, configurable IGA capabilities based on industry best-practice processes. Omada provides its innovative identity management and access governance solutions and services to an extensive customer portfolio of large and midsize enterprises globally within banking, utilities, public sector, securities and insurance, healthcare, and other verticals. Omada has a global partner network across Europe, the US, Africa, and Asia. For further information about Omada please visit: www.omada.net.