Visma attracts new Nordic and international investors through secondary sale valuing the business at EUR16bn
Visma, a provider of business-critical software to private and public companies in Europe, today announces that it has expanded its shareholder base through a secondary sale to leading institutional investors – Aeternum Capital, Government Pension Fund Norway (Folketrygdfondet), Vind, and GIC – valuing Visma at EUR16 billion (~NOK165 billion).
The new investors will support Visma’s further success and expansion in Europe.
Following completion of the transaction, Hg, a leading global investor in software and services, will continue to own a majority stake in Visma, alongside a group of co-investors comprising GIC, ICG, CPP Investments, General Atlantic, TPG, Warburg Pincus, Visma management, and the new investors.
Visma’s core strategy will remain unchanged, providing high-quality products and services, best-in-class customer care, and innovation within cloud services to achieve business efficiency – these will remain top priorities. This strategy has so far taken the company from an initial Nordic focus, to becoming one of Europe's most business-critical software providers for the private and public sectors. Visma has achieved uninterrupted, year-on-year revenue growth for 20 years, by focusing on building world-class cloud solutions that help customers improve efficiency and competitiveness.
Merete Hverven, Visma’s CEO, says: “It is thanks to Visma’s dedicated and talented employees, with their entrepreneurial mindset and local expertise, that we have achieved our position in Europe today. Visma has also long benefited from a supportive and knowledgeable investor base, which has been incredibly valuable to the growth of the business”.
“We warmly welcome the new investors as we continue to develop our world-class cloud technology. The future looks bright for the growth of digital services, as businesses increasingly see the value of cloud solutions to handle their most important business processes. Visma is uniquely positioned to foster this growth thanks to our wonderful employees, international presence and network, and ever-growing support from world-class investors.”
ABG Sundal Collier and Goldman Sachs International acted as joint placement agents in the transaction, with Ropes & Gray, Skadden and Wiersholm acting as legal advisers.