Partners Group, a global private markets firm, has acquired a significant minority stake in VelocityEHS, an environmental, health, and safety and ESG software platform, from CVC Growth Funds.

Velocity is an SaaS providing products that assist customers to comply with EHS laws, manage risk, and improve operational efficiency. The firm delivers software services that assist clients in ESG management, environmental compliance, safety, operational risk and health.

“Our thematic research identified EHS as an attractive sub-sector of the US software market due to its large size, strong secular growth trends, and fragmented landscape,” commented Chris Russell, managing director, private equity, technology industry vertical, Partners Group. “VelocityEHS is a market-leading SaaS platform in this space, with a comprehensive product portfolio, and we have strong conviction in its future prospects. We look forward to working with management and our partners at CVC on scaling VelocityEHS further and executing on the value creation plan.”

Partners Group was advised by Ropes & Gray LLP and Price WaterhouseCoopers LLP; CVC Growth by Weil, Gotshal & Manges LLP and William Blair; and VelocityEHS by Burns & Levinson, LLP.