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Posted on 22nd October 2020
London, 22 October 2020: Volpi Capital (“Volpi”), a specialist European lower mid-market private equity firm, announces its eighth investment with the management buyout of Boyum IT Solutions ("Boyum"), a global SAP Business One Software Solutions Provider based in Denmark.
Boyum is the leading Software Solution Provider in the SAP Business One ERP ecosystem targeting the upper SME segment globally. The company has succeeded in establishing an unmatched distribution network of partners through an attractive product offering and comprehensive partner enablement efforts. Boyum offers 3 award-winning and mission critical software product families: Boyum: Horizontal software solutions enhancing flexibility and user-friendliness of SAP Business One, Beas Manufacturing: Advanced manufacturing software tailored to 13 distinct industry verticals and Produmex: Logistics/warehouse management software. Boyum is headquartered in Aarhus, Denmark and employs c.100 people in 7 global offices.
Marco Sodi, Volpi Capital, commented: "Boyum fits well into our thesis for independent developers of software solutions for winning ERP ecosystems, such as SAP Business One. The Company has shown how to create growth through a strong partner focus, technological expertise and a unique way to enable their partner channel. The potential is great for Boyum IT Solutions globally, and we look forward to partnering with Mikael Boyum and his team to accelerate their successful business model".
Mikael Boyum, founder and CEO of Boyum IT Solutions, added: "We are confident that the partnership with Volpi Capital will help to create an exciting future for the company, employees and partners. Strategic support from Volpi will strengthen our continued growth plans and business potential".
Volpi Capital was advised by Carnegie, Kromann Reumert and PwC.
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ABOUT VOLPI CAPITAL
Volpi Capital is a specialist European lower mid-market private equity firm. Volpi has a thesis-driven approach targeting ambitious businesses using enabling technologies to disrupt traditional B2B value chains. Volpi typically invests €25-75 million of equity in businesses with enterprise values between €50 million and €200 million and seeks to drive transformative growth through international expansion and consolidation. The firm, which was founded in 2016 by Crevan O’Grady and Marco Sodi, closed its first fund (Volpi Capital Fund I) in April 2018 with commitments of €185 million.
ABOUT BOYUM IT SOLUTIONS
Boyum IT Solutions is a global award-winning SAP Business One implementation, consultancy and development house with more than 8,000 customers worldwide. Their strong individual skill sets combined with fast and efficient implementation methodology make them one of the strongest teams in the field.
Founded in Denmark in 1997, Boyum IT has been implementing and supporting ERP Accounting Software for more than 15 years. In 2004, Boyum IT became an authorized Partner for the SAP Business One system and the company is today a certified SAP partner.