Goldman Sachs and Summa Equity have made an investment in EcoOnline, a Oslo-based provider of workplace health and safety software. No financial terms were disclosed. Arma Partners advised EcoOnline on the deal.
Arma Partners is pleased to announce that it has acted as exclusive financial advisor to EcoOnline on the investment by Goldman Sachs Merchant Banking Division and Summa Equity. Summa Equity Fund II and Goldman Sachs Merchant Banking Division will each acquire a 33% ownership in EcoOnline from selling shareholders, which include Summa Equity Fund I and Viking Venture, who will both continue to retain a portion of their investment in the company.
EcoOnline is a leading provider of workplace health and safety software which focuses on reducing the negative impact chemicals can have on humans and the environment, enabling its customers to easily comply with complex regulations.
Founded in 2000 and headquartered in Oslo, EcoOnline serves over 6,000 customers and employs over 230 employees in Norway, Sweden, Denmark, Finland, UK and Ireland.
This investment will help EcoOnline in its new wave of growth as it continues to realise its ambition of becoming the European champion within the chemical management and occupational safety solutions market.
The transaction underscores Arma Partners’ unique ability to support high-growth SaaS businesses in their strategic ambitions and adds to our consistent track record of successfully executing co-investment transactions.