Private equity firm CVC Capital Partners is exploring a sale of VelocityEHS for as much as $2 billion, seeking to capitalize on a boom in demand for compliance software in the corporate world, three people familiar with the matter said.
The size of the global EHS market is expected to grow by $2.8 billion from 2021 to 2026, according to a report by market research firm Technavio.
Luxembourg-based CVC bought VelocityEHS in 2017 through its growth equity fund. The business was carved out of Actua Corporation and sold to CVC along with insurance distribution software firm Bolt Solutions for a total of $328 million.
Read more: Reuters
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.