CLP has assisted Viking Growth with their exit of Tamigo to Accel-KKR

CLP has assisted Viking Growth with their exit of Tamigo, a European workforce management software provider, to Accel-KKR. The transaction marks the end of Viking Growth's ownership period, during which the firm supported Tamigo's expansion and operational development across Europe.

Viking Growth originally invested in Tamigo in 2019 to accelerate growth and strengthen the company's position as a leading workforce management platform for retail and hospitality businesses. Over the course of its ownership, the business scaled significantly, driven entirely by organic growth.

Eivind Bergsmyr, Partner at Viking Growth and Chair of the Board at Tamigo, says: "During our ownership, we have tripled the business, professionalized the organization, and integrated franchise operations in Norway, the Netherlands, and Spain. We are happy to join forces with Accel-KKR for the future development of Tamigo." Bergsmyr further adds: "Growth has been entirely organic, and with a strong platform in place, we believe this is the right time for a transition in ownership. Accel-KKR is well positioned to take the company forward, supported by a strategic HR initiative designed to ensure successful integration across multiple businesses."

Tamigo provides a workforce management solution across Europe to leading international brands as well as to single locations, primarily within the retail and hospitality industries. Its cloud-based platform simplifies operations, automates payroll processes, ensures compliance and facilitates collaboration to enable customers to focus on their core business. By providing unique insights, Tamigo empowers customers to become truly proactive in how they allocate and manage their workforce. Tamigo has headquarters in Copenhagen, Denmark, subsidiaries in the Netherlands, Norway, Spain, and Slovenia, and franchise offices in Portugal, Finland and Czechia.

Viking Growth is the leading software investor specializing in scaling Nordic B2B software companies. With 25 years of experience, Viking Growth focuses on helping innovative software companies achieve international growth. Based in Trondheim, Norway, Viking Growth partners with ambitious software companies by providing capital, strategic expertise, and operational support to accelerate their journey. Viking Growth currently maintains an active portfolio of 19 companies across the Nordics with NOK 4 billion in ARR.

CLP's team for this transaction included Alexander Sandberg Lund and Andreas Winnem Lossius.