GRO Fund III and Kirk Kapital Secure Acquisition of Omada A/S, Marking Exit for CVC Growth Funds and GRO Fund II

GRO Fund III and Kirk Kapital Secure Acquisition of Omada A/S, Marking Exit for CVC Growth Funds and GRO Fund II

(IN BRIEF) Omada A/S, a global leader in Identity Governance and Administration (IGA) software, has announced its acquisition by GRO Fund III, alongside Kirk Kapital. This move marks the full exit of Omada’s previous investors, CVC Growth Funds and GRO Fund II. Omada, headquartered in Copenhagen, offers a scalable and cloud-native IGA platform that supports a range of industries including healthcare, finance, and manufacturing. The company has seen significant growth in recent years, driven by the launch of its SaaS platform and AI capabilities, and expansion in North America. This new investment will help drive further growth and innovation at Omada. The transaction is pending regulatory approval.

(PRESS RELEASE) LUXEMBOURG, 29-Apr-2025 — /EuropaWire/ — Omada A/S, a leading global provider of Identity Governance and Administration (IGA) solutions, has announced a significant change in its ownership structure. The company will be acquired by GRO Fund III, the latest investment fund managed by GRO, alongside Kirk Kapital. This deal will see the complete exit of Omada’s previous investors, CVC Growth Funds and GRO Fund II. The specific financial terms of the transaction have not been disclosed.

Founded in 2000 and headquartered in Copenhagen, Omada has become a trusted partner for organizations seeking to manage their identities and access in complex IT environments. Its scalable, cloud-native platform is used by enterprises across various industries, including financial services, manufacturing, consumer goods, healthcare, and critical infrastructure. The platform plays a crucial role in strengthening security, ensuring compliance, and driving operational efficiencies by automating identity and access governance at an enterprise level.

“We are incredibly proud of the strides Omada has made in recent years,” said Michael Garrett, Omada’s CEO. “With the invaluable support of CVC and GRO, we launched our industry-leading SaaS platform and integrated AI-driven features, all while more than doubling our customer base and significantly expanding our footprint in North America. The investment from GRO Fund III, coupled with the addition of Kirk Kapital, is a strong vote of confidence in our team, vision, and the immense market potential. We’re excited to continue this journey with their support.”

Statements from Key Stakeholders:

“Omada is a prime example of the type of high-growth, scaling businesses that we are eager to support,” said Sebastian Kuenne, Partner at CVC. “It has solidified its position as a leader in the IGA space with a cloud-native platform that stands out for its ability to manage identity and access at scale. We’re proud to have been part of Omada’s impressive growth.”

Omada’s financial advisor throughout this transaction was Evercore, with Bruun & Hjelje serving as the company’s legal advisor. The deal is subject to customary regulatory approvals before it is finalized.

Media Contact:

Patrick Humphris
Managing Director, Head of Corporate Affairs
CVC
Tel: +44 204 576 9526
phumphris@cvc.com

SOURCE: CVC Capital Partners