Omada Exits CVC Growth Funds Portfolio with Acquisition by GRO Fund III and Kirk Kapital
Deal News | Apr 29, 2025 | CVC Capital Partners
Omada A/S, an industry leader in Identity Governance and Administration (IGA) software, is poised for a new chapter as GRO Fund III and Kirk Kapital have agreed to acquire the company, marking a complete exit for the previous shareholders, CVC Growth Funds and GRO Fund II. Founded in 2000, with headquarters in Copenhagen, Omada offers a scalable, cloud-native IGA solution trusted by numerous organisations worldwide. Omada's platform enhances security and compliance through automation. CEO Michael Garrett attributes recent growth to strategic backing from past investors and anticipates further expansion with GRO Fund III and Kirk Kapital's support.
Sectors
- Identity Governance and Administration
- Private Equity
Geography
- Denmark – Omada is headquartered in Copenhagen, Denmark.
- Global – Omada serves a global customer base, highlighting its international reach and influence.
Industry
- Identity Governance and Administration – Omada operates within the Identity Governance and Administration industry, focusing on providing software solutions that manage identities and access across IT infrastructures.
- Private Equity – The transaction involves Private Equity firms, specifically the exit of CVC Growth Funds and the involvement of GRO Fund III and Kirk Kapital as new investors.
Financials
- Not Disclosed – The financial terms of the acquisition deal were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Omada A/S | Target Company | Company | Omada A/S is a global leader in Identity Governance and Administration software. |
| CVC Growth Funds | Selling Company (Vendor) | Company | CVC Growth Funds is a private equity firm and was a shareholder of Omada prior to the transaction. |
| GRO Fund III | Bidding Company (Buyer) | Company | GRO Fund III is managing the acquisition of Omada in partnership with Kirk Kapital. |
| Kirk Kapital | Bidding Company (Buyer) | Company | Kirk Kapital is partnering with GRO Fund III to acquire Omada. |
| GRO Fund II | Selling Company (Vendor) | Company | GRO Fund II was a previous shareholder of Omada involved in the sale. |