mynth
← DATABASE
09/2025100%

Decision Focus acquired by Keensight Capital

DENMARK Software / Industry-Specific Software / Financial Services / Banking EV DKK 500M–1.5bn

Context

Keensight Capital has signed an agreement to acquire a majority stake in Decision Focus from VIA equity and other existing shareholders. The leadership team of Decision Focus will reinvest alongside Keensight to maintain operational continuity. The strategic rationale for the acquisition is to accelerate Decision Focus’ international expansion and to integrate advanced AI technologies into its no-code GRC platform. For VIA equity, the sale represents a successful exit from its fourth fund after a three-year holding period marked by strong profitable growth. The transaction highlights the increasing demand for sophisticated compliance and risk management software in an era of heightened geopolitical tensions and regulatory scrutiny. Keensight will leverage its specialized expertise in the GRC software space to support the company in unlocking new growth avenues in the US and European markets.

It is worth noting that the fund VIA Equity took control of Decision Focus through an LBO in 2022.

Decision Focus, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, representing a premium to the average observed in the TMT (Tech, Media, Telecom) sector (14.8x in 2025).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Founded in 2004, Decision Focus is a leading global developer of Governance, Risk, and Compliance (GRC) software solutions. The company’s business model is built on a highly flexible, no-code platform comprising over 20 configurable modules that cover audit, risk management, regulatory reporting, and information security. Its value proposition, branded as "Total GRC," focuses on providing lean, unified systems that allow organizations to replace fragmented processes with a single, real-time dashboard. Strategically, the firm prioritizes the financial services and insurance industries, leveraging its agile technology to help clients navigate increasingly complex global regulatory environments. With a presence in Denmark, the UK, Sweden, and Romania, the company employs over 65 professionals and serves a global client base with a strong focus on the US and Nordic markets.

Ent. Value

DKK 500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

15x–25x

EV / EBIT

[members only]

Historical Financials (DKK)

Year
Rev
EBITDA
EBIT
2025
[members only]
DKK 25–50M
[members only]
2024
[members only]
DKK 25–50M
[members only]

Other operations with Decision Focus

Other operations with Decision Focus
DateAcquirerTargetCountrySector
11/2022VIA EQUITYDECISION FOCUSDENMARKFinancial Services / Banking

Other operations with Keensight Capital

Other operations with Keensight Capital
DateAcquirerTargetCountrySector
06/2024KEENSIGHT CAPITALDIMO MAINTFRANCEIndustry-Specific Software
11/2023KEENSIGHT CAPITALNOMIOSFRANCECybersecurity Services
12/2022KEENSIGHT CAPITALQUANOSGERMANYIndustry-Specific Software
06/2021KEENSIGHT CAPITALADISTAFRANCEMSP (Managed Services)
11/2019KEENSIGHT CAPITALSOGELINKFRANCEConstruction / Real Estate
09/2017KEENSIGHT CAPITALI-TRACINGFRANCECybersecurity Services

Similar deals in Software

Similar deals in Software
DateAcquirerTargetCountrySector
10/2025AGILA CAPITALADIKTEEVFRANCEAdTech
10/2025GROUPE LACOURPROGERITALYAutomotive
09/2025THE CARLYLE GROUP / BPIFRANCECIRIL GROUPFRANCEIndustry-Specific Software
09/2025GENII SOFTWARE GROUPINLOGFRANCEHealthcare
09/2025HEDOSOPHIAVIBEUNITED STATESAdTech
08/2025ADVENT INTERNATIONALSAPIENS INTERNATIONAL CORPORATIONUNITED STATESFinancial Services / Banking
08/2025HAWK INFINITY SOFTWARENYTT FORETAKNORWAYIndustry-Specific Software
08/2025THOMA BRAVOVERINT SYSTEMSUNITED STATESCRM & Sales
08/2025DATASITESOURCESCRUBUNITED STATESData, Analytics & AI
07/2025REGNOLOGYWOLTERS KLUWER FCC FRRNETHERLANDSFinancial Services / Banking

REFERENCES

Valuation range: EV DKK 500M–1.5bn

EBITDA range: DKK 25–50M

EV/EBITDA range: 15x - 25x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Decision Focus by Keensight Capital are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: decision focus

Acquirer: keensight capital

FAQ

What transaction does this page cover?

This page covers Keensight Capital’s acquisition of 100% of Decision Focus, a Danish company specialised in Industry-Specific Software, in 2025. This followed an earlier holding cycle initiated in November 2022, when the company was acquired by VIA Equity.

How was the acquisition of Decision Focus by Keensight Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the DKK 500M–1.5bn band and its EV/EBITDA multiple within the 15x - 25x range. Exact figures are available to members.

What was Decision Focus’s EBITDA at the time of the deal?

At the time of the transaction, Decision Focus’s EBITDA was estimated within the DKK 25–50M bracket (FY 2025). Detailed financial figures are available to members.

How does the valuation of Decision Focus compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

With an estimated valuation multiple in the range of 15x - 25x, Decision Focus trades above the median sector multiple of 14.8x observed for the TMT (Tech, Media, Telecom) sector in 2025. The descriptive comparison is based on 15 transactions with available EV/EBITDA multiples from differences in size, growth, profitability that may affect comparability.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.