The sale of Kitry to Vortex Capital

Kitry develops online management software that integrates with clients’ internal procedures and monitors health and safety in the workplace. The company sells its software license to medium and large organisations as Software-as-a-Service (SaaS), Infrastructure-as-a-Services (IaaS) and On-premise (OP) solution. 

On the path towards a full SaaS model, the company has invested heavily and developed in-house a fully responsive SaaS-enabled, web-based, responsive health & safety platform, translating into a competitive advantage in the booming environmental health and safety (EHS) market. 

Kitry has long-term relationships with more than 100 blue chip clients and around 5,400 users across France, Belgium and Luxembourg. With its strong track record in the public, industrial and financial sectors, the company showcases a diversified sector exposure and low concentration risk. 

How we helped

PwC Corporate Finance acted as the sole financial advisor to Kitry and helped the shareholders to find the ideal partner that could contribute with fresh capital and strategic advice, while PwC Legal advised the company on the transactional documents. 

During this process, a limited auction was organised and Kitry was acquired by Vortex Capital Partners, an investment firm focused on companies that use technology as their differentiator. Kitry’s shareholders and management team are still active and scaling the company to its next level of growth.