Enablon acquisition follows successful investment by ETF Partners
London, 19th July 2016: On July 1st Wolters Kluwer N.V (AEX:WKL) announced the acquisition for €250 million of Paris-based Enablon, the world’s leading provider of Sustainability, Environmental Health & Safety and Operational Risk Management Software. The acquisition represents one of the largest European Venture Capital exits this year.
The transaction is the conclusion of a highly successful investment for Europe-based ETF Partners, which, in 2011, invested €10m of growth capital in Enablon from its Environmental Technologies Fund L.P. At the time of ETF Partners’ investment, Enablon had 250 customers and 200,000 users. Its founder-led management team were just starting to make in-roads in to North America and were investing heavily in product innovation.
Dan Vogel, CEO, Chairman and co-Founder of Enablon, said: “With their focus on sustainability, ETF Partners quickly understood our potential and more importantly they shared our vision. With their institutional capital and support we were able to increase our international expansion while enhancing our product.”
Over the last five years Enablon grew rapidly and achieved revenues of approximately €45 million in 2015. Today its customers include more than 1,000 major global companies across all sectors and more than 1 million users of its software solutions worldwide. Enablon helps companies become sustainable by providing software solutions to manage environmental and social performance, minimize risks, and drive profitability.
Rob Genieser, Managing Partner of ETF Partners, said: “Enablon’s entrepreneurial founders have created an undisputed market leader in environmental, health and safety software. It has been a privilege to work with this dedicated and talented management team in their international roll-out of an offering that, in aggregate, has had tremendous sustainability benefits.”
Fabrice Bienfait, Partner of ETF Partners added: “It is companies such as Enablon, those driving sustainability through innovation, that make me highly optimistic. Wolters Kluwer has acquired a fantastic team with excellent technology, and a client list that reads like a corporate who’s who. We're excited to see how they will continue their mission together.”