CVC Growth Funds and GRO Fund II have exited their investment in Omada, the Denmark-based identity governance software provider, through a sale to GRO Fund III and Kirk Kapital. Financial terms of the transaction were not disclosed.

Founded in 2000, Omada delivers cloud-native Identity Governance and Administration (IGA) solutions to enterprise clients across sectors including financial services, healthcare, and critical infrastructure. The company has grown into a category leader, with its platform enabling large-scale automation of identity and access governance.

“We’re incredibly proud of the progress Omada has made over the past few years,” said Michael Garrett, CEO of Omada. “With support from CVC and GRO, we launched our industry-leading SaaS product and new AI features, more than doubled our customer base, and further expanded in the North American market.”

CVC Partner Sebastian Kuenne said the firm was “grateful to have been part of this journey” and praised Omada as a “great example of the high growth, scaling businesses we love to support.” Meet and learn more from CVC by joining Italy’s Largest Private Equity Conference in Milan. 

The transaction is subject to standard regulatory approvals. Evercore acted as financial advisor and Bruun & Hjejle provided legal counsel to Omada.

Source: CVC