Kennet Partners, the technology growth investor, and Fidelity Growth Partners Europe (FGPE), the pan-European growth investor, have acquired Rivo Software, a fast- growing software company based in Warwick, in a deal advised on by Clearwater International.
Rivo Software is a global provider of environmental, health and safety, quality and loss prevention management software. Founded eight years ago, the company helps businesses manage compliance and business risk through its cloud-based software. It gives senior executives clear, accurate and timely information to identify and highlight trends, which in turn enables the protection of people, revenue and ultimately a company’s reputation across the globe. The company’s software is used in 82 countries, in 32 languages by over 140,000 people. Clients include ABB, BP, Chevron, Crossrail, Siemens, Thames Water, Veolia, and many others.
Simultaneous with the acquisition, Kennet Partners and Fidelity Growth Partners Europe are making a significant capital investment into the business, aimed at supporting the company’s global growth and driving awareness of broader business issues around reputation risk. As part of the deal, co-investor Steve Husk will join the business as Executive Chairman. Husk, who was previously CEO of FRSGlobal, a business backed by Kennet Partners and acquired by Wolters Kluwer, brings a wealth of experience in the governance, risk and compliance (GRC) category.
Clearwater International advised shareholders of Rivo on the transaction.