White & Case, Wikborg Rein and Eversheds Sutherland advised on Bregal Milestone’s majority investment in Asolvi.
Bregal Milestone is a leading software private equity firm with around €2.3 billion of capital raised since inception. It provides growth capital and operational support to build market leading companies in B2B software, AI and cybersecurity. Bregal Milestone is part of Bregal, a global GP solutions platform for the private markets with assets under management of more than €24 billion.
Founded in 1991 in Norway, Asolvi is the leading European provider of field service management software for specialist industries, with more than 2,000 customers across more than 20 countries and a strong footprint in the UK, DACH, the Nordics, Spain and Latin America.
The investment will support the continued development of Asolvi’s cloud platforms and AI capabilities, as well as selective acquisitions to strengthen its position in existing markets and expand into new ones. As part of the transaction, CEO Nick Barnett and the management team are reinvesting alongside Bregal Milestone.
White & Case advised Bregal Milestone on its majority investment in Asolvi.
The team was led by Partner Victor Åberg (Helsinki) and included Partner Oona Lilja (Helsinki) and Associates Roosa Väre, Santeri Naukkarinen, Emma Elopuro, Josh Sung, Krista Rekola and Jasmin Piippo (all Helsinki); Lennart Merlin Werbeck, Daniel Stübbe, Jonas Huber and Karim Meziani (all Frankfurt); Alejandro Grima and Eduardo Franco (both Madrid); and Clémence Flichy, Rehane El Khayari, Chloé Gruaz and Anaïs Poplin-Svetlova (all Paris).
Wikborg Rein advised Volpi Capital on the transaction, acting as legal adviser and conducting legal due diligence.
Eversheds Sutherland advised the senior management team of Asolvi on Bregal Milestone’s majority investment in the company.
The team was led by Partner Mike Birkett, alongside Associate Annafaye Dunbar and Partner Ben Jones (Tax).
