From left: Dawn Walsh, Kernel Capital & Michael Brophy, Certification Europe.

Kernel Capital confirm Certification Europe Ltd, a portfolio Company of the Bank of Ireland Kernel Capital Funds has been acquired by the UK-based Amtivo Group.  Amtivo Group’s portfolio of companies include the British Assessment Bureau (BAB), myActiv and Equas Consulting. Headquartered in Dublin, Certification Europe has offices in Japan, Italy and the UK, and its acquisition establishes an impressive international footprint for the Amtivo Group in key markets. Certification Europe performs over 10,000 assessments annually for its customers.

Kernel Capital through the Bank of Ireland Seed & Early Stage Equity Fund first invested in Certification Europe in November 2014.  The deal, terms of which are confidential, delivers a significant multiple return for our investors The Bank of Ireland, Enterprise Ireland, University of Limerick Foundation and Galway University Foundation.

“Kernel Capital have supported us in building a market-leading ISO certification, Training and Inspection business, resulting in a successful trade sale to the Amtivo Group. From our base in Dublin we will bring to Amtivo access to several core markets, plus genuine leadership, skillset and knowledge in the key area of IT and Data security. We look forward to combining this with Amtivo’s unique go-to-market approach and technology, which will help us provide an even better and wider variety of services to our customers and provides us with an innovate and market-leading approach to swiftly scaling our international operations.”

Michael Brophy, CEO, Certification Europe

Kernel Capital were advised by LK Shields on this transaction.

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For further information please contact:

Dawn Walsh, Kernel Capital.

Tel:  +353 87 122 6807