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Viking Growth sells ownership stake shares for more than NOK 250 million

Shifter reports that Viking Growth sells ownership stake shares for more than NOK 250 million. The transaction is an ownership and liquidity event rather than evidence of new company funding.

Nordic Startup News desk Based on reporting by Shifter · Single-source report
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Viking Growth has completed a founder liquidity event by selling its 25 percent stake in the SaaS company Asolvi to Bregal Milestone after 16 years. During this time, Asolvi has increased its revenue to over NOK 250 million, indicating substantial growth in the software market focused on service technicians.

Founded by Arild Andersen, Asolvi specializes in tools for service technicians, such as work scheduling, checklists, and invoicing. The company reportedly serves over 2,000 customers across more than 20 countries. Additionally, Volpi Capital is fully divesting its stake, while Asolvi's management plans to reinvest with the new owners.

The transaction is set to complete in the fourth quarter, marking a significant exit year for Viking Growth.

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Viking Growth sells ownership stake shares for more than NOK 250 million

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  • warning penalty: source_describes_divestment_not_new_funding

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